Walmart Inc. (NYSE:WMT) Holdings Decreased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 4.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,345 shares of the retailer’s stock after selling 1,555 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Walmart were worth $2,461,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of WMT. Able Wealth Management LLC purchased a new position in Walmart during the fourth quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Walmart during the 4th quarter valued at $32,000. Frank Rimerman Advisors LLC purchased a new position in shares of Walmart during the 4th quarter valued at $48,000. EntryPoint Capital LLC purchased a new stake in shares of Walmart during the first quarter worth $25,000. Finally, TruNorth Capital Management LLC boosted its position in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the completion of the sale, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at approximately $26,367,350.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s 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 transaction, the chief executive officer now owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 25,578 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the sale, the executive vice president now directly owns 390,165 shares in the company, valued at approximately $26,367,350.70. The disclosure for this sale can be found here. Insiders have sold 12,369,039 shares of company stock valued at $959,826,083 in the last three months. 45.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Tigress Financial upped their target price on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. TD Cowen increased their price objective on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. The Goldman Sachs Group increased their price target on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Morgan Stanley lifted their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.99.

Walmart Stock Performance

Walmart stock opened at $79.06 on Monday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.02. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The stock has a fifty day moving average price of $73.44 and a two-hundred day moving average price of $66.87. The firm has a market capitalization of $635.92 billion, a P/E ratio of 33.79, a P/E/G ratio of 4.03 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the company posted $0.61 EPS. As a group, analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal 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.