Kelly Financial Group LLC Purchases New Position in Walmart Inc. $WMT

Key Points

• Kelly Financial Group LLC has initiated a new position in Walmart Inc., acquiring 3,094 shares valued at approximately $307,000 during the second quarter.
• Walmart reported earnings of $0.68 per share, falling short of expectations, with revenue of $169.34 billion for the quarter that also missed analyst estimates.
• Wall Street analysts generally maintain a positive outlook on Walmart, with most ratings being "buy" and a consensus price target of $112.62.

Kelly Financial Group LLC purchased a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,094 shares of the retailer's stock, valued at approximately $307,000.

Several other institutional investors have also bought and sold shares of WMT. Brighton Jones LLC boosted its stake in Walmart by 28.8% in the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after purchasing an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Walmart by 5.8% in the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after purchasing an additional 485 shares in the last quarter. SWAN Capital LLC boosted its stake in Walmart by 137.8% in the fourth quarter. SWAN Capital LLC now owns 1,384 shares of the retailer's stock worth $125,000 after purchasing an additional 802 shares in the last quarter. Lakeshore Capital Group Inc. acquired a new position in Walmart in the fourth quarter worth $1,323,000. Finally, Capital A Wealth Management LLC acquired a new position in Walmart in the fourth quarter worth $185,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Up 0.4%

NYSE:WMT opened at $102.79 on Tuesday. Walmart Inc. has a 1 year low of $78.98 and a 1 year high of $106.11. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. The stock has a market cap of $819.53 billion, a price-to-earnings ratio of 38.64, a PEG ratio of 4.82 and a beta of 0.65. The stock has a 50-day moving average price of $99.54 and a two-hundred day moving average price of $95.72.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). The firm had revenue of $169.34 billion for the quarter, compared to analyst estimates of $174.02 billion. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The firm's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 earnings per share. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. As a group, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WMT shares. Tigress Financial boosted their price objective on Walmart from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, September 3rd. Truist Financial dropped their target price on Walmart from $111.00 to $109.00 and set a "buy" rating for the company in a research report on Friday, August 22nd. Guggenheim restated a "buy" rating and set a $115.00 target price (up previously from $112.00) on shares of Walmart in a research report on Monday, August 18th. Telsey Advisory Group boosted their target price on Walmart from $115.00 to $118.00 and gave the stock an "outperform" rating in a research report on Friday, August 22nd. Finally, Wolfe Research assumed coverage on Walmart in a research report on Thursday, September 18th. They set an "outperform" rating and a $129.00 target price for the company. Twenty-nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.62.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the company's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the transaction, the chief executive officer directly owned 4,412,398 shares of the company's stock, valued at $421,737,000.84. This represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $95.14, for a total value of $1,248,712.50. Following the transaction, the executive vice president directly owned 932,313 shares of the company's stock, valued at $88,700,258.82. This represents a 1.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 151,232 shares of company stock valued at $14,960,635 over the last three months. 0.10% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.