Key Client Fiduciary Advisors LLC Acquires 22,051 Shares of Walmart Inc. (NYSE:WMT)

Key Client Fiduciary Advisors LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 213.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,405 shares of the retailer’s stock after buying an additional 22,051 shares during the period. Walmart makes up about 1.0% of Key Client Fiduciary Advisors LLC’s holdings, making the stock its 22nd largest holding. Key Client Fiduciary Advisors LLC’s holdings in Walmart were worth $1,950,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WMT. Northwest Capital Management Inc boosted its stake in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after buying an additional 293 shares during the period. Partnership Wealth Management LLC bought a new stake in Walmart during the fourth quarter worth about $30,000. Able Wealth Management LLC bought a new stake in Walmart during the fourth quarter worth about $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in Walmart during the fourth quarter worth about $32,000. Finally, Signature Resources Capital Management LLC bought a new stake in Walmart during the fourth quarter worth about $35,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 1.3 %

WMT stock opened at $68.30 on Thursday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $69.04. The business’s 50 day moving average price is $63.56 and its two-hundred day moving average price is $59.05. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The company has a market capitalization of $549.37 billion, a price-to-earnings ratio of 29.23, a price-to-earnings-growth ratio of 3.89 and a beta of 0.52.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. During the same quarter in the prior year, the business earned $0.49 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, analysts forecast that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 1,132,123 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the sale, the insider now directly owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $66.85, for a total value of $877,406.25. Following the sale, the executive vice president now directly owns 658,665 shares of the company’s stock, valued at approximately $44,031,755.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the sale, the insider now owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The disclosure for this sale can be found here. Insiders have sold a total of 14,451,722 shares of company stock valued at $947,990,915 in the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on WMT shares. Barclays lifted their price target on Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Citigroup lifted their price target on Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Evercore ISI lifted their price target on Walmart from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Royal Bank of Canada lifted their price target on Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Finally, Jefferies Financial Group lifted their price objective on Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.97.

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.