Key Client Fiduciary Advisors LLC Sells 13,567 Shares of Walmart Inc. (NYSE:WMT)

Key Client Fiduciary Advisors LLC lessened its position in Walmart Inc. (NYSE:WMT - Free Report) by 33.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,930 shares of the retailer's stock after selling 13,567 shares during the quarter. Walmart comprises about 1.1% of Key Client Fiduciary Advisors LLC's investment portfolio, making the stock its 21st biggest position. Key Client Fiduciary Advisors LLC's holdings in Walmart were worth $2,364,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of WMT. FPC Investment Advisory Inc. bought a new stake in Walmart in the fourth quarter valued at about $25,000. Horizon Financial Services LLC lifted its holdings in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after buying an additional 262 shares during the period. Noble Wealth Management PBC acquired a new stake in Walmart in the fourth quarter worth $37,000. Mizuho Bank Ltd. acquired a new stake in Walmart in the fourth quarter worth $41,000. Finally, Elevation Wealth Partners LLC increased its position in shares of Walmart by 40.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer's stock worth $47,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

NYSE:WMT traded down $0.50 on Friday, reaching $97.46. 15,583,112 shares of the company's stock were exchanged, compared to its average volume of 17,891,416. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The firm has a market cap of $779.77 billion, a price-to-earnings ratio of 40.44, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 52 week low of $65.90 and a 52 week high of $105.30. The stock has a fifty day simple moving average of $94.71 and a 200-day simple moving average of $93.84.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same quarter last year, the business earned $0.60 earnings per share. The company's quarterly revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were given a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a yield of 0.95%. Walmart's payout ratio is presently 40.17%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Roth Mkm reaffirmed a "buy" rating and issued a $108.00 target price (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. JPMorgan Chase & Co. boosted their target price on shares of Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. UBS Group lowered their price objective on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Oppenheimer upped their price target on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Mizuho began coverage on shares of Walmart in a research note on Friday, April 11th. They issued an "outperform" rating and a $105.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Walmart presently has an average rating of "Moderate Buy" and an average target price of $105.16.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the sale, the chief executive officer now directly owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. This represents a 0.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,534 shares of company stock worth $12,833,664 over the last three months. 45.58% of the stock is owned by insiders.

Walmart 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.