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

KFG Wealth Management LLC lowered its position in Walmart Inc. (NYSE:WMT - Free Report) by 11.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,415 shares of the retailer's stock after selling 2,943 shares during the period. KFG Wealth Management LLC's holdings in Walmart were worth $2,056,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of WMT. FPC Investment Advisory Inc. acquired a new position in shares of Walmart during the 4th quarter worth approximately $25,000. Horizon Financial Services LLC raised its stake in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after buying an additional 262 shares during the period. Noble Wealth Management PBC acquired a new position in shares of Walmart during the 4th quarter worth approximately $37,000. Mizuho Bank Ltd. acquired a new position in Walmart in the 4th quarter valued at $41,000. Finally, Elevation Wealth Partners LLC raised its stake in Walmart by 40.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer's stock valued at $47,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

Shares of Walmart stock opened at $97.46 on Friday. The business has a 50-day moving average of $94.71 and a 200 day moving average of $93.84. Walmart Inc. has a 12 month low of $65.64 and a 12 month high of $105.30. The stock has a market capitalization of $779.77 billion, a price-to-earnings ratio of 40.44, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

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

Walmart Announces Dividend

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

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction of $217,800.00. Following the sale, the executive vice president now owns 630,518 shares of the company's stock, valued at approximately $62,421,282. This trade represents a 0.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,534 shares of company stock valued at $12,833,664 in the last quarter. Corporate insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WMT. Roth Mkm reissued a "buy" rating and issued a $108.00 price objective (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Raymond James reduced their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Barclays reissued an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Truist Financial increased their price objective on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $105.16.

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.

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