Koss Olinger Consulting LLC Purchases Shares of 5,944 Walmart Inc. (NYSE:WMT)

Key Points

• Koss Olinger Consulting LLC acquired 5,944 shares of Walmart Inc., valued at approximately $522,000, marking a new position in the retailer's stock.
• Recent insider trading reports indicate that CEO C. Douglas McMillon sold 29,148 shares for over $2.8 million, resulting in a slight decrease in his ownership stake.
• Analyst ratings for Walmart show a consensus rating of "Buy" with an average target price of $106.67, with multiple firms increasing their price objectives recently.

Koss Olinger Consulting LLC purchased a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,944 shares of the retailer's stock, valued at approximately $522,000.

Other hedge funds have also recently bought and sold shares of the company. Bear Mountain Capital Inc. grew its stake in Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after purchasing an additional 167 shares in the last quarter. EQ Wealth Advisors LLC acquired a new stake in shares of Walmart in the first quarter valued at approximately $35,000. Lipe & Dalton lifted its position in shares of Walmart by 95.2% in the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after buying an additional 200 shares during the last quarter. Nexus Investment Management ULC acquired a new stake in shares of Walmart in the first quarter valued at approximately $49,000. Finally, Vega Investment Solutions acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $54,000. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Kathryn J. Mclay sold 28,000 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was 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 owned 1,064,455 shares of the company's stock, valued at approximately $103,252,135. The trade was a 2.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,148 shares of the business's stock in a transaction on 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 owned 4,451,199 shares in the company, valued at $429,896,799.42. This represents a 0.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,112 shares of company stock worth $14,080,073 over the last 90 days. Corporate insiders own 0.10% of the company's stock.

Walmart Price Performance

Shares of Walmart stock traded up $0.65 during trading on Friday, reaching $103.77. 12,392,140 shares of the company's stock were exchanged, compared to its average volume of 13,978,248. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. Walmart Inc. has a 1-year low of $67.14 and a 1-year high of $105.30. The company has a market cap of $828.13 billion, a P/E ratio of 44.35, a PEG ratio of 4.99 and a beta of 0.66. The firm's 50-day moving average price is $97.30 and its 200 day moving average price is $95.39.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter in the previous year, the firm earned $0.60 EPS. Walmart's revenue was up 2.5% on a year-over-year basis. As a group, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. KeyCorp raised their price objective on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Tigress Financial raised their price objective on Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Oppenheimer raised their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Truist Financial raised their price objective on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, Evercore ISI raised their price objective on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Walmart has a consensus rating of "Buy" and an average price target of $106.67.

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.