TKG Advisors LLC Acquires Shares of 11,806 Walmart Inc. (NYSE:WMT)

TKG Advisors LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,806 shares of the retailer’s stock, valued at approximately $1,036,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Walmart by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock worth $38,194,278,000 after buying an additional 2,050,683 shares in the last quarter. Geode Capital Management LLC raised its holdings in Walmart by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock valued at $8,167,186,000 after buying an additional 3,017,829 shares during the period. Norges Bank purchased a new position in Walmart in the fourth quarter valued at $5,737,355,000. Northern Trust Corp grew its position in shares of Walmart by 8.9% during the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock worth $3,943,049,000 after buying an additional 3,550,037 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Walmart by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer’s stock worth $3,796,129,000 after acquiring an additional 514,036 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the transaction, the executive vice president directly owned 630,518 shares of the company’s stock, valued at $62,421,282. The trade was a 0.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of the company’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 transaction, the chief executive officer owned 4,451,199 shares of the company’s stock, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 142,711 shares of company stock valued at $13,710,319. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Performance

WMT stock opened at $97.62 on Thursday. The firm has a 50 day simple moving average of $97.02 and a 200 day simple moving average of $94.31. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30. The stock has a market cap of $779.05 billion, a P/E ratio of 41.72, a P/E/G ratio of 4.73 and a beta of 0.68. 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 (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to analysts’ expectations of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. Walmart’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. Research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were paid a $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart’s payout ratio is presently 40.17%.

Analysts Set New Price Targets

WMT has been the topic of a number of recent analyst reports. Citigroup reiterated a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. KeyCorp raised their price objective on Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, June 9th. Evercore ISI upped their target price on Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Wall Street Zen raised Walmart from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Finally, UBS Group reduced their price objective on Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $106.67.

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.