Key Client Fiduciary Advisors LLC Lowers Stock Holdings in Walmart Inc. (NYSE:WMT)

Key Client Fiduciary Advisors LLC reduced its stake in Walmart Inc. (NYSE:WMT - Free Report) by 33.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,930 shares of the retailer's stock after selling 13,567 shares during the quarter. Walmart makes up approximately 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 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Walmart by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock valued at $38,194,278,000 after buying an additional 2,050,683 shares in the last quarter. Geode Capital Management LLC grew its stake in Walmart by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock valued at $8,167,186,000 after acquiring an additional 3,017,829 shares in the last quarter. Norges Bank purchased a new position in Walmart during the fourth quarter valued at $5,737,355,000. Fisher Asset Management LLC increased its holdings in Walmart by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock valued at $4,408,452,000 after acquiring an additional 1,133,201 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after purchasing an additional 3,550,037 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Down 1.5%

WMT stock traded down $1.53 during trading on Thursday, reaching $97.82. 15,800,659 shares of the company traded hands, compared to its average volume of 17,879,710. The business has a 50 day simple moving average of $94.33 and a 200 day simple moving average of $93.67. Walmart Inc. has a 12 month low of $65.64 and a 12 month high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a market capitalization of $782.64 billion, a price-to-earnings ratio of 40.59, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company's revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. On average, equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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

Insider Transactions at Walmart

In related news, EVP Kathryn J. Mclay sold 28,000 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the transaction, the executive vice president now directly owns 1,064,455 shares in the company, valued at $103,252,135. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the sale, the chief executive officer now directly owns 4,451,199 shares in the company, valued at $429,896,799.42. This represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,534 shares of company stock valued at $12,833,664 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on WMT shares. Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 target price (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. UBS Group lowered their target price on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Evercore ISI increased their price objective on shares of Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Raymond James dropped their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $105.16.

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.