Walmart Inc. $WMT Shares Sold by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC decreased its stake in Walmart Inc. (NASDAQ:WMT) by 30.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 14,523 shares of the retailer’s stock after selling 6,241 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Walmart were worth $1,645,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Advisortrust Partners LLC increased its holdings in Walmart by 20.2% during the 1st quarter. Advisortrust Partners LLC now owns 67,142 shares of the retailer’s stock worth $8,344,000 after purchasing an additional 11,283 shares during the last quarter. Union Bancaire Privee UBP SA boosted its stake in shares of Walmart by 253.3% during the 1st quarter. Union Bancaire Privee UBP SA now owns 384,034 shares of the retailer’s stock valued at $47,728,000 after buying an additional 275,337 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of Walmart by 2.9% during the first quarter. Janney Montgomery Scott LLC now owns 2,416,580 shares of the retailer’s stock worth $300,333,000 after buying an additional 68,632 shares in the last quarter. Vise Technologies Inc. grew its position in shares of Walmart by 42.1% during the fourth quarter. Vise Technologies Inc. now owns 275,341 shares of the retailer’s stock worth $30,676,000 after buying an additional 81,635 shares in the last quarter. Finally, HORAN Wealth LLC increased its stake in shares of Walmart by 55.7% in the first quarter. HORAN Wealth LLC now owns 81,544 shares of the retailer’s stock worth $9,931,000 after buying an additional 29,184 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, Director C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $118.63, for a total value of $2,303,320.08. Following the sale, the director directly owned 4,174,579 shares in the company, valued at $495,230,306.77. This trade represents a 0.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher James Nicholas sold 2,900 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $118.19, for a total transaction of $342,751.00. Following the transaction, the executive vice president directly owned 574,953 shares of the company’s stock, valued at $67,953,695.07. The trade was a 0.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,439 shares of company stock valued at $8,544,532 in the last three months. 0.09% of the stock is owned by corporate insiders.

Walmart Stock Performance

Shares of WMT stock opened at $112.66 on Tuesday. The company has a market cap of $896.56 billion, a P/E ratio of 39.53, a PEG ratio of 4.17 and a beta of 0.61. The business has a 50 day moving average of $114.46 and a two-hundred day moving average of $121.63. Walmart Inc. has a 52 week low of $95.42 and a 52 week high of $135.15. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.42.

Walmart (NASDAQ:WMT) last announced its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. The business had revenue of $177.75 billion for the quarter, compared to analysts’ expectations of $174.84 billion. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. As a group, analysts anticipate that Walmart Inc. will post 2.89 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Evercore reaffirmed an “outperform” rating on shares of Walmart in a report on Monday, May 18th. Tigress Financial restated a “buy” rating and issued a $155.00 target price (up from $150.00) on shares of Walmart in a research note on Friday, May 29th. Wolfe Research reaffirmed an “outperform” rating and set a $137.00 price target (up from $135.00) on shares of Walmart in a research report on Monday, May 11th. Mizuho set a $130.00 price target on Walmart in a research note on Monday, July 27th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Walmart in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $138.56.

Walmart Company Profile

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.