Kiley Juergens Wealth Management LLC Buys New Holdings in Walmart Inc. (NYSE:WMT)

Kiley Juergens Wealth Management LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,320 shares of the retailer’s stock, valued at approximately $922,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Baker Avenue Asset Management LP lifted its stake in shares of Walmart by 26.0% during the 3rd quarter. Baker Avenue Asset Management LP now owns 5,324 shares of the retailer’s stock worth $852,000 after buying an additional 1,099 shares during the last quarter. Crestwood Advisors Group LLC lifted its position in Walmart by 30.6% during the third quarter. Crestwood Advisors Group LLC now owns 9,414 shares of the retailer’s stock worth $1,506,000 after acquiring an additional 2,206 shares during the last quarter. Dana Investment Advisors Inc. boosted its holdings in shares of Walmart by 5.8% during the third quarter. Dana Investment Advisors Inc. now owns 35,987 shares of the retailer’s stock worth $5,755,000 after acquiring an additional 1,974 shares during the period. Townsquare Capital LLC grew its position in shares of Walmart by 0.3% in the third quarter. Townsquare Capital LLC now owns 58,333 shares of the retailer’s stock valued at $9,329,000 after purchasing an additional 158 shares during the last quarter. Finally, Holderness Investments Co. increased its stake in shares of Walmart by 1.6% during the third quarter. Holderness Investments Co. now owns 7,201 shares of the retailer’s stock worth $1,152,000 after purchasing an additional 114 shares during the period. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on WMT shares. The Goldman Sachs Group boosted their price target on Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 17th. DA Davidson raised their price target on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. HSBC boosted their price objective on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Tigress Financial raised their target price on shares of Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, Evercore ISI boosted their price target on Walmart from $72.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday, June 20th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $70.47.

Walmart Stock Performance

Walmart stock opened at $68.24 on Friday. The business has a 50 day moving average of $64.57 and a 200-day moving average of $59.71. The company 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 Inc. has a 1 year low of $49.85 and a 1 year high of $69.04. 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 (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. The firm had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 EPS. On average, equities research analysts predict that Walmart Inc. will post 2.43 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the completion of the sale, the executive vice president now owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total value of $177,240.00. Following the sale, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the sale, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The disclosure for this sale can be found here. Insiders sold a total of 14,525,340 shares of company stock valued at $953,023,399 in the last three months. Insiders own 45.58% of the company’s stock.

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.