KMG Fiduciary Partners LLC purchased a new position in Walmart Inc (NYSE:WMT) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,823 shares of the retailer’s stock, valued at approximately $201,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WMT. FMR LLC grew its holdings in shares of Walmart by 14.6% in the 4th quarter. FMR LLC now owns 23,977,936 shares of the retailer’s stock worth $2,233,545,000 after acquiring an additional 3,058,978 shares during the period. Thoroughbred Financial Services LLC grew its holdings in shares of Walmart by 11,482.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,444,380 shares of the retailer’s stock worth $244,438,000 after acquiring an additional 2,423,276 shares during the period. Geode Capital Management LLC grew its holdings in shares of Walmart by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock worth $1,687,500,000 after acquiring an additional 1,532,362 shares during the period. Railway Pension Investments Ltd acquired a new stake in shares of Walmart in the 2nd quarter worth approximately $13,798,000. Finally, Tibra Equities Europe Ltd acquired a new stake in shares of Walmart in the 1st quarter worth approximately $48,745,000. Institutional investors and hedge funds own 30.04% of the company’s stock.
Shares of Walmart stock opened at $107.27 on Wednesday. Walmart Inc has a fifty-two week low of $85.78 and a fifty-two week high of $115.49. The stock has a market cap of $312.31 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 4.78 and a beta of 0.41. The business’s fifty day simple moving average is $111.83. The company has a current ratio of 0.77, a quick ratio of 0.21 and a debt-to-equity ratio of 0.89.
A number of equities research analysts recently issued reports on the company. Jefferies Financial Group upped their target price on Walmart from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Deutsche Bank upped their target price on Walmart from $118.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. UBS Group upped their target price on Walmart from $105.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Bank of America set a $120.00 target price on Walmart and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Daiwa Capital Markets raised Walmart from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 21st. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $109.56.
In other Walmart news, EVP Judith J. Mckenna sold 4,243 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $100.19, for a total transaction of $425,106.17. Following the transaction, the executive vice president now owns 225,373 shares of the company’s stock, valued at approximately $22,580,120.87. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Jim C. Walton sold 1,626,851 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $101.08, for a total value of $164,442,099.08. Following the completion of the transaction, the insider now directly owns 17,502,080 shares in the company, valued at $1,769,110,246.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,559,285 shares of company stock worth $571,021,654. Corporate insiders own 50.22% of the company’s stock.
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
Featured Story: Lock-Up Period Expiration
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.