Walmart Inc. (NYSE:WMT) Shares Bought by Kavar Capital Partners Group LLC

Kavar Capital Partners Group LLC raised its stake in Walmart Inc. (NYSE:WMT – Get Rating) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 28,067 shares of the retailer’s stock after buying an additional 900 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in Walmart were worth $3,980,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WMT. Fisher Asset Management LLC lifted its position in Walmart by 1,519.2% in the third quarter. Fisher Asset Management LLC now owns 8,129,341 shares of the retailer’s stock worth $1,054,376,000 after purchasing an additional 7,627,286 shares during the period. BlackRock Inc. lifted its position in shares of Walmart by 2.9% during the 3rd quarter. BlackRock Inc. now owns 96,570,711 shares of the retailer’s stock valued at $12,525,224,000 after acquiring an additional 2,712,886 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Walmart by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 130,176,496 shares of the retailer’s stock valued at $16,883,890,000 after acquiring an additional 1,832,388 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Walmart by 34.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,258,231 shares of the retailer’s stock valued at $783,056,000 after purchasing an additional 1,340,328 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in Walmart by 85.3% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,399,536 shares of the retailer’s stock valued at $357,339,000 after purchasing an additional 1,104,427 shares during the period. 31.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMT has been the topic of several recent analyst reports. BMO Capital Markets boosted their target price on shares of Walmart from $165.00 to $170.00 in a research note on Friday, May 19th. Truist Financial boosted their target price on shares of Walmart from $160.00 to $166.00 in a research note on Friday, May 19th. The Goldman Sachs Group set a $164.00 target price on shares of Walmart in a research note on Wednesday, February 22nd. UBS Group upped their price target on shares of Walmart from $168.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, April 6th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $160.00 price target on shares of Walmart in a research note on Thursday, April 6th. Five analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average price target of $166.13.

Walmart Stock Performance

Shares of NYSE WMT traded up $0.16 during mid-day trading on Friday, hitting $146.32. The company had a trading volume of 2,357,276 shares, compared to its average volume of 6,173,867. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.82 and a quick ratio of 0.23. The business’s 50-day simple moving average is $148.72 and its 200-day simple moving average is $145.87. Walmart Inc. has a 12 month low of $117.90 and a 12 month high of $154.64. The firm has a market cap of $394.68 billion, a P/E ratio of 35.06, a PEG ratio of 4.32 and a beta of 0.48.

Walmart (NYSE:WMT – Get Rating) last released its earnings results on Thursday, May 18th. The retailer reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.15. Walmart had a net margin of 1.82% and a return on equity of 21.30%. The business had revenue of $152.30 billion during the quarter, compared to analysts’ expectations of $147.91 billion. During the same quarter last year, the company earned $1.30 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. As a group, analysts predict that Walmart Inc. will post 6.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, Director S Robson Walton sold 193,131 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $142.53, for a total transaction of $27,526,961.43. Following the completion of the transaction, the director now owns 265,437,361 shares in the company, valued at $37,832,787,063.33. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Walmart news, EVP John R. Furner sold 4,375 shares of the firm’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $151.00, for a total transaction of $660,625.00. Following the completion of the transaction, the executive vice president now owns 286,617 shares in the company, valued at $43,279,167. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director S Robson Walton sold 193,131 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $142.53, for a total transaction of $27,526,961.43. Following the sale, the director now directly owns 265,437,361 shares of the company’s stock, valued at approximately $37,832,787,063.33. The disclosure for this sale can be found here. Insiders sold a total of 19,763,036 shares of company stock worth $2,801,006,374 over the last quarter. Company insiders own 47.06% of the company’s stock.

Walmart Profile

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Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.