KFG Wealth Management LLC Buys 15,610 Shares of Walmart Inc. (NYSE:WMT)

KFG Wealth Management LLC boosted its stake in Walmart Inc. (NYSE:WMT) by 239.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,135 shares of the retailer’s stock after purchasing an additional 15,610 shares during the quarter. KFG Wealth Management LLC’s holdings in Walmart were worth $1,332,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in WMT. Vanguard Group Inc. raised its position in shares of Walmart by 0.6% in the third quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock worth $21,944,764,000 after buying an additional 751,713 shares in the last quarter. Morgan Stanley grew its position in Walmart by 1.8% during the third quarter. Morgan Stanley now owns 24,087,268 shares of the retailer’s stock worth $3,852,277,000 after buying an additional 426,388 shares in the last quarter. Norges Bank bought a new position in Walmart in the 4th quarter worth about $3,674,652,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Walmart by 11.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock valued at $3,190,194,000 after acquiring an additional 2,150,351 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Walmart by 184.1% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock valued at $756,188,000 after acquiring an additional 8,144,393 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the sale, the senior vice president now owns 94,415 shares in the company, valued at approximately $6,420,220. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the transaction, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at approximately $26,367,350.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,525,340 shares of company stock worth $953,023,399. 45.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. UBS Group raised their target price on shares of Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. BMO Capital Markets lifted their price objective on shares of Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Morgan Stanley increased their target price on Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 20th. Finally, Truist Financial increased their price objective on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.47.

Walmart Price Performance

Shares of NYSE WMT opened at $68.24 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $69.04. The company’s 50-day moving average is $64.57 and its 200 day moving average is $59.71. The stock has a market capitalization of $548.89 billion, a P/E ratio of 29.20, a P/E/G ratio of 3.93 and a beta of 0.50.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. The firm had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.49 EPS. On average, sell-side analysts expect that Walmart Inc. will post 2.43 earnings per share for the current year.

Walmart Company 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.