Keynote Financial Services LLC Trims Stock Position in Walmart Inc. (NYSE:WMT)

Keynote Financial Services LLC trimmed its holdings in Walmart Inc. (NYSE:WMT) by 14.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,092 shares of the retailer’s stock after selling 1,005 shares during the quarter. Keynote Financial Services LLC’s holdings in Walmart were worth $492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new position in Walmart in the first quarter valued at approximately $25,000. TruNorth Capital Management LLC lifted its stake in shares of Walmart by 138.3% in the 2nd 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 period. Cultivar Capital Inc. purchased a new stake in Walmart during the second quarter worth $29,000. FSA Wealth Management LLC increased its holdings in Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after buying an additional 377 shares in the last quarter. Finally, Kozak & Associates Inc. raised its position in shares of Walmart by 216.4% in the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after acquiring an additional 344 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Up 0.5 %

Shares of NYSE:WMT opened at $83.84 on Friday. The company has a market capitalization of $673.93 billion, a price-to-earnings ratio of 43.59, a PEG ratio of 4.18 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $85.54. The business has a 50-day moving average price of $80.22 and a 200 day moving average price of $71.67. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. Sell-side analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the sale, the executive vice president now directly owns 378,165 shares in the company, valued at $31,054,909.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,823,647 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WMT. Melius Research started coverage on Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target for the company. KeyCorp boosted their price objective on Walmart from $87.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday. Bank of America increased their target price on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Telsey Advisory Group upped their price objective on shares of Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Finally, Sanford C. Bernstein started coverage on shares of Walmart in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $95.00 target price on the stock. One analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $83.92.

About Walmart

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.