Keeler Thomas Management LLC Decreases Stock Holdings in Walmart Inc. (NYSE:WMT)

Key Points

• Keeler Thomas Management LLC reduced its stake in Walmart by 75.2%, leaving it with 18,470 shares worth approximately $1.62 million after selling 56,116 shares during the first quarter.
• Insider selling activity included John R. Furner and Kathryn J. Mclay, who sold shares valued at over $1.6 million combined in July, representing slight decreases in their overall ownership.
• Walmart's stock performance showed a recent trading price of $103.27, and it reported a net margin of 2.75% and a quarterly revenue increase of 2.5% compared to last year.

Keeler Thomas Management LLC reduced its stake in Walmart Inc. (NYSE:WMT - Free Report) by 75.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,470 shares of the retailer's stock after selling 56,116 shares during the quarter. Keeler Thomas Management LLC's holdings in Walmart were worth $1,622,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board grew its holdings in shares of Walmart by 28,684.8% during the first quarter. Ontario Teachers Pension Plan Board now owns 4,229,354 shares of the retailer's stock valued at $371,295,000 after buying an additional 4,214,661 shares during the last quarter. Deutsche Bank AG boosted its stake in Walmart by 33.4% during the 1st quarter. Deutsche Bank AG now owns 13,683,991 shares of the retailer's stock valued at $1,201,318,000 after purchasing an additional 3,427,615 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of Walmart by 28.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 51,436 shares of the retailer's stock worth $4,516,000 after purchasing an additional 11,238 shares in the last quarter. Citizens Financial Group Inc. RI increased its holdings in shares of Walmart by 1.5% in the 1st quarter. Citizens Financial Group Inc. RI now owns 190,923 shares of the retailer's stock worth $16,782,000 after purchasing an additional 2,807 shares in the last quarter. Finally, Primecap Management Co. CA raised its stake in shares of Walmart by 41.7% in the first quarter. Primecap Management Co. CA now owns 95,250 shares of the retailer's stock worth $8,362,000 after purchasing an additional 28,050 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,148 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the transaction, the chief executive officer directly owned 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. This trade represents 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 on Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the completion of the sale, the executive vice president owned 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 sold a total of 146,112 shares of company stock worth $14,080,073 over the last ninety days. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on WMT shares. UBS Group reduced their price objective on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. KeyCorp raised their price target on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, June 9th. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a 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, June 4th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research report on Monday, June 9th. One 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $106.67.

Walmart Price Performance

Shares of Walmart stock traded down $0.26 during trading hours on Thursday, hitting $103.10. The company's stock had a trading volume of 12,503,690 shares, compared to its average volume of 14,407,530. The company has a market cap of $822.81 billion, a PE ratio of 44.06, a PEG ratio of 4.97 and a beta of 0.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The business has a 50 day moving average price of $97.20 and a two-hundred day moving average price of $95.29. Walmart Inc. has a 12-month low of $66.67 and a 12-month high of $105.30.

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 for the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the previous year, the firm earned $0.60 EPS. The firm's revenue was up 2.5% compared to the same quarter last year. Analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

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.