Keel Point LLC Decreases Stock Position in Walmart Inc. $WMT

Keel Point LLC trimmed its holdings in Walmart Inc. (NASDAQ:WMT) by 15.4% during the first quarter, Holdings Channel.com reports. The fund owned 61,439 shares of the retailer’s stock after selling 11,223 shares during the period. Keel Point LLC’s holdings in Walmart were worth $7,636,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Merkkuri Wealth Advisors LLC purchased a new stake in shares of Walmart in the first quarter valued at about $29,000. Entrust Financial LLC purchased a new position in shares of Walmart during the 4th quarter worth approximately $27,000. Bay Harbor Wealth Management LLC increased its stake in shares of Walmart by 57.4% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock worth $32,000 after purchasing an additional 105 shares in the last quarter. Clayton Financial Group LLC raised its position in shares of Walmart by 193.0% during the 4th quarter. Clayton Financial Group LLC now owns 293 shares of the retailer’s stock worth $33,000 after purchasing an additional 193 shares during the last quarter. Finally, Sankala Group LLC acquired a new position in shares of Walmart during the 4th quarter worth approximately $33,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Price Performance

Walmart stock opened at $111.20 on Friday. Walmart Inc. has a 1 year low of $95.42 and a 1 year high of $135.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.77. The firm has a 50 day moving average price of $115.17 and a 200 day moving average price of $121.93. The company has a market cap of $884.94 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 4.15 and a beta of 0.60.

Walmart (NASDAQ:WMT) last posted 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 company had revenue of $177.75 billion for the quarter, compared to the consensus estimate of $174.84 billion. Walmart had a net margin of 3.13% and a return on equity of 21.25%. Walmart’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 earnings per share. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. Sell-side analysts predict that Walmart Inc. will post 2.89 earnings per share for the current year.

Insider Buying and Selling at Walmart

In related news, EVP Christopher James Nicholas sold 2,900 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $118.19, for a total value of $342,751.00. Following the transaction, the executive vice president directly owned 574,953 shares of the company’s stock, valued at approximately $67,953,695.07. This trade represents a 0.50% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP David W. Guggina sold 11,978 shares of Walmart stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $119.82, for a total value of $1,435,203.96. Following the completion of the transaction, the executive vice president owned 125,067 shares in the company, valued at $14,985,527.94. The trade was a 8.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 67,729 shares of company stock worth $8,124,931. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on WMT shares. Erste Group Bank cut Walmart from a “buy” rating to a “hold” rating in a report on Friday, June 5th. KeyCorp reissued an “overweight” rating on shares of Walmart in a report on Friday, May 22nd. Royal Bank Of Canada restated an “outperform” rating and issued a $137.00 price objective on shares of Walmart in a research report on Wednesday, July 22nd. Wolfe Research reaffirmed an “outperform” rating and set a $137.00 price objective (up from $135.00) on shares of Walmart in a research note on Monday, May 11th. Finally, BTIG Research reiterated a “buy” rating and set a $145.00 price objective on shares of Walmart in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $138.56.

Walmart 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.