KFG Wealth Management LLC Raises Stake in Walmart Inc. (NYSE:WMT)

KFG Wealth Management LLC increased its stake in Walmart Inc. (NYSE:WMT) by 10.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,358 shares of the retailer’s stock after purchasing an additional 2,543 shares during the quarter. KFG Wealth Management LLC’s holdings in Walmart were worth $2,381,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. boosted its position in shares of Walmart by 1.3% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 70,442 shares of the retailer’s stock worth $6,364,000 after buying an additional 873 shares in the last quarter. Duncan Williams Asset Management LLC raised its position in Walmart by 148.1% during the fourth quarter. Duncan Williams Asset Management LLC now owns 26,803 shares of the retailer’s stock worth $2,422,000 after acquiring an additional 15,999 shares during the last quarter. Precedent Wealth Partners LLC lifted its holdings in shares of Walmart by 6.3% in the fourth quarter. Precedent Wealth Partners LLC now owns 8,357 shares of the retailer’s stock valued at $755,000 after purchasing an additional 493 shares in the last quarter. AlphaMark Advisors LLC grew its position in shares of Walmart by 77.9% in the fourth quarter. AlphaMark Advisors LLC now owns 1,884 shares of the retailer’s stock valued at $170,000 after purchasing an additional 825 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC increased its stake in shares of Walmart by 0.9% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 13,903 shares of the retailer’s stock worth $1,256,000 after purchasing an additional 121 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $97.39 on Tuesday. Walmart Inc. has a 52-week low of $54.51 and a 52-week high of $97.46. The firm has a market capitalization of $782.38 billion, a PE ratio of 39.97, a P/E/G ratio of 4.42 and a beta of 0.55. The firm has a 50-day moving average price of $92.02 and a 200 day moving average price of $82.29. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the firm posted $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on WMT. TD Cowen increased 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. Barclays lifted their price objective on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Telsey Advisory Group upped their target price on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Evercore ISI raised their price target on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Jefferies Financial Group boosted their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $94.69.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,177 shares of company stock valued at $12,895,688 over the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

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.