KMG Fiduciary Partners LLC Decreases Holdings in Walmart Inc. (NYSE:WMT)

KMG Fiduciary Partners LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMTGet Rating) by 6.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,338 shares of the retailer’s stock after selling 403 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Walmart were worth $771,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Cordant Inc. bought a new position in Walmart during the 1st quarter valued at about $25,000. Conrad Siegel Investment Advisors Inc. bought a new position in Walmart during the 1st quarter valued at about $27,000. Ulland Investment Advisors LLC grew its holdings in Walmart by 442.9% during the 1st quarter. Ulland Investment Advisors LLC now owns 190 shares of the retailer’s stock valued at $28,000 after purchasing an additional 155 shares during the last quarter. Swaine & Leidel Wealth Services LLC bought a new position in Walmart during the 1st quarter valued at about $28,000. Finally, Gibson Wealth Advisors LLC bought a new position in Walmart during the 4th quarter valued at about $29,000. 31.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on WMT shares. Bank of America upped their price target on shares of Walmart from $145.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Oppenheimer upped their price target on shares of Walmart from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 17th. Telsey Advisory Group upped their target price on shares of Walmart from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 17th. Finally, Royal Bank of Canada upped their target price on shares of Walmart from $135.00 to $151.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $151.41.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $135.63, for a total transaction of $1,316,696.04. Following the completion of the sale, the chief executive officer now owns 1,497,747 shares of the company’s stock, valued at $203,139,425.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $135.63, for a total transaction of $1,316,696.04. Following the completion of the sale, the chief executive officer now owns 1,497,747 shares of the company’s stock, valued at $203,139,425.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 931,768 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $140.03, for a total transaction of $130,475,473.04. Following the completion of the transaction, the insider now directly owns 285,607,867 shares of the company’s stock, valued at approximately $39,993,669,616.01. The disclosure for this sale can be found here. Insiders sold 2,142,416 shares of company stock valued at $295,973,941 over the last 90 days. Insiders own 47.06% of the company’s stock.

Walmart Trading Up 0.9 %

NYSE:WMT opened at $134.77 on Thursday. Walmart Inc. has a 52 week low of $117.27 and a 52 week high of $160.77. The firm has a 50 day moving average of $132.49 and a 200 day moving average of $136.19. The company has a quick ratio of 0.24, a current ratio of 0.84 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $365.80 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 4.15 and a beta of 0.52.

Walmart (NYSE:WMTGet Rating) last posted its earnings results on Tuesday, August 16th. The retailer reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.17. Walmart had a net margin of 2.36% and a return on equity of 18.95%. The company had revenue of $152.86 billion during the quarter, compared to analysts’ expectations of $149.96 billion. During the same quarter in the prior year, the company posted $1.78 earnings per share. Walmart’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walmart Inc. will post 5.85 earnings per share for the current fiscal year.

About Walmart

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Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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