KG&L Capital Management LLC Has $5.07 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

KG&L Capital Management LLC increased its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 13.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,723 shares of the retailer's stock after purchasing an additional 6,946 shares during the period. Walmart makes up 1.6% of KG&L Capital Management LLC's portfolio, making the stock its 15th biggest position. KG&L Capital Management LLC's holdings in Walmart were worth $5,068,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in WMT. Balefire LLC raised its stake in shares of Walmart by 689.3% in the first quarter. Balefire LLC now owns 4,736 shares of the retailer's stock valued at $416,000 after acquiring an additional 4,136 shares during the last quarter. KPP Advisory Services LLC grew its position in Walmart by 23.6% during the 1st quarter. KPP Advisory Services LLC now owns 13,946 shares of the retailer's stock worth $1,224,000 after acquiring an additional 2,663 shares during the last quarter. Western Financial Corp CA acquired a new stake in Walmart during the 1st quarter valued at $2,085,000. Goldstein Advisors LLC increased its holdings in Walmart by 6.8% during the 1st quarter. Goldstein Advisors LLC now owns 4,783 shares of the retailer's stock valued at $420,000 after purchasing an additional 304 shares in the last quarter. Finally, LifeSteps Financial Inc. increased its holdings in Walmart by 5.8% during the 1st quarter. LifeSteps Financial Inc. now owns 9,021 shares of the retailer's stock valued at $792,000 after purchasing an additional 498 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Down 1.1%

NYSE:WMT opened at $96.22 on Friday. Walmart Inc. has a 12-month low of $66.67 and a 12-month high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $767.85 billion, a P/E ratio of 41.12, a P/E/G ratio of 4.75 and a beta of 0.69. The stock's fifty day simple moving average is $96.71 and its 200-day simple moving average is $94.22.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period last year, the company earned $0.60 EPS. The firm's revenue was up 2.5% on a year-over-year basis. Equities research analysts expect 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. Stockholders of record on Monday, May 12th were given a $0.235 dividend. 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 currently 40.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WMT shares. DA Davidson reaffirmed a "buy" rating and set a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Erste Group Bank cut Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $103.00 price target (up from $102.00) on shares of Walmart in a report on Monday, June 9th. Finally, Truist Financial raised their price target on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $106.50.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $94.19, for a total transaction of $2,743,189.56. Following the transaction, the chief executive officer now directly owns 4,480,347 shares in the company, valued at approximately $422,003,883.93. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total value of $1,258,031.25. Following the transaction, the executive vice president now owns 945,434 shares in the company, valued at approximately $90,619,848.90. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 123,295 shares of company stock worth $11,801,762 in the last three months. Insiders own 45.58% of the company's stock.

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.

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