KFA Private Wealth Group LLC Trims Stock Holdings in Walmart Inc. (NYSE:WMT)

KFA Private Wealth Group LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 46.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,801 shares of the retailer’s stock after selling 6,866 shares during the period. KFA Private Wealth Group LLC’s holdings in Walmart were worth $528,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. EntryPoint Capital LLC bought a new stake in shares of Walmart in the 1st quarter worth approximately $25,000. Northwest Capital Management Inc boosted its holdings in Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares in the last quarter. TruNorth Capital Management LLC grew its stake in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new position in shares of Walmart in the 2nd quarter worth about $29,000. Finally, Partnership Wealth Management LLC bought a new position in Walmart in the 4th quarter worth about $30,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the transaction, the chief executive officer now owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The disclosure for this sale can be found here. Insiders sold 10,513,707 shares of company stock worth $797,374,003 in the last three months. 45.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

WMT has been the topic of several analyst reports. HSBC upped their target price on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. KeyCorp boosted their price target on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Robert W. Baird increased their price objective on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Oppenheimer boosted their target price on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Finally, Stifel Nicolaus raised their price target on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.99.

Walmart Stock Performance

Shares of NYSE WMT opened at $78.80 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $78.90. The firm has a fifty day moving average price of $71.86 and a 200-day moving average price of $65.76. The stock has a market cap of $633.41 billion, a PE ratio of 33.72, a price-to-earnings-growth ratio of 3.84 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. Equities analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

About Walmart

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.