Key Client Fiduciary Advisors LLC Buys 3,882 Shares of Walmart Inc. (NYSE:WMT)

Key Client Fiduciary Advisors LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 10.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,497 shares of the retailer’s stock after acquiring an additional 3,882 shares during the period. Walmart makes up about 1.6% of Key Client Fiduciary Advisors LLC’s investment portfolio, making the stock its 12th largest holding. Key Client Fiduciary Advisors LLC’s holdings in Walmart were worth $3,659,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Secure Asset Management LLC raised its position in Walmart by 7.2% in the 4th quarter. Secure Asset Management LLC now owns 26,528 shares of the retailer’s stock valued at $2,397,000 after buying an additional 1,784 shares during the last quarter. Red Door Wealth Management LLC raised its holdings in shares of Walmart by 4.4% in the fourth quarter. Red Door Wealth Management LLC now owns 136,850 shares of the retailer’s stock valued at $12,364,000 after purchasing an additional 5,783 shares during the last quarter. Donoghue Forlines LLC lifted its position in shares of Walmart by 15.6% in the fourth quarter. Donoghue Forlines LLC now owns 22,500 shares of the retailer’s stock worth $2,033,000 after purchasing an additional 3,040 shares in the last quarter. Capital Planning Advisors LLC boosted its holdings in Walmart by 7.3% during the fourth quarter. Capital Planning Advisors LLC now owns 69,703 shares of the retailer’s stock worth $6,298,000 after purchasing an additional 4,768 shares during the last quarter. Finally, Goldstein Advisors LLC grew its position in Walmart by 27.9% in the fourth quarter. Goldstein Advisors LLC now owns 4,479 shares of the retailer’s stock valued at $405,000 after purchasing an additional 976 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $92.00, for a total value of $1,207,500.00. Following the transaction, the executive vice president now directly owns 579,915 shares of the company’s stock, valued at $53,352,180. This trade represents a 2.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the sale, the chief executive officer now directly owns 3,766,491 shares of the company’s stock, valued at approximately $348,852,396.42. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 140,177 shares of company stock worth $12,895,688. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Robert W. Baird increased their price target on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Piper Sandler raised their price target on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. BMO Capital Markets upped their price objective on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 target price on shares of Walmart in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $94.69.

Walmart Price Performance

Shares of Walmart stock opened at $94.84 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $761.90 billion, a price-to-earnings ratio of 38.92, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. Walmart Inc. has a twelve month low of $53.47 and a twelve month high of $96.18. The company has a 50-day simple moving average of $91.81 and a two-hundred day simple moving average of $81.95.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 earnings per share. Analysts forecast that Walmart Inc. will post 2.48 EPS for the current year.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.