Walmart Inc. (NYSE:WMT) Shares Sold by BKM Wealth Management LLC

BKM Wealth Management LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,820 shares of the retailer’s stock after selling 939 shares during the quarter. BKM Wealth Management LLC’s holdings in Walmart were worth $1,520,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swedbank AB grew its stake in shares of Walmart by 0.4% in the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after buying an additional 18,644 shares in the last quarter. Koss Olinger Consulting LLC grew its stake in shares of Walmart by 68.3% in the third quarter. Koss Olinger Consulting LLC now owns 5,039 shares of the retailer’s stock valued at $407,000 after buying an additional 2,045 shares in the last quarter. Border to Coast Pensions Partnership Ltd grew its stake in shares of Walmart by 11.9% in the third quarter. Border to Coast Pensions Partnership Ltd now owns 923,378 shares of the retailer’s stock valued at $74,345,000 after buying an additional 97,928 shares in the last quarter. Retirement Guys Formula LLC grew its stake in shares of Walmart by 3.9% in the third quarter. Retirement Guys Formula LLC now owns 29,928 shares of the retailer’s stock valued at $2,417,000 after buying an additional 1,136 shares in the last quarter. Finally, Livelsberger Financial Advisory acquired a new stake in shares of Walmart in the third quarter valued at $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Down 0.3 %

Walmart stock opened at $103.73 on Wednesday. The company has a market capitalization of $833.31 billion, a P/E ratio of 42.57, a PEG ratio of 4.30 and a beta of 0.55. Walmart Inc. has a fifty-two week low of $57.60 and a fifty-two week high of $105.30. The stock has a 50-day simple moving average of $95.38 and a 200-day simple moving average of $86.05. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. Equities research analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Insider Activity at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz bought 5,446 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the transaction, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 175,177 shares of company stock worth $16,403,728 in the last quarter. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on WMT. Tigress Financial lifted their price objective on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Jefferies Financial Group lifted their target price on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. KeyCorp lifted their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Guggenheim lifted their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Oppenheimer lifted their target price on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $101.87.

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.