BKM Wealth Management LLC Acquires 15,073 Shares of Walmart Inc. (NYSE:WMT)

BKM Wealth Management LLC increased its holdings in Walmart Inc. (NYSE:WMT) by 189.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,015 shares of the retailer’s stock after buying an additional 15,073 shares during the period. BKM Wealth Management LLC’s holdings in Walmart were worth $1,385,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Flynn Zito Capital Management LLC increased its position in Walmart by 3.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after purchasing an additional 61 shares during the period. ICW Investment Advisors LLC increased its holdings in Walmart by 0.4% during the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after buying an additional 62 shares during the period. Bill Few Associates Inc. raised its stake in Walmart by 1.1% in the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after buying an additional 64 shares in the last quarter. Rossmore Private Capital lifted its holdings in Walmart by 0.3% during the fourth quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after buying an additional 65 shares during the period. Finally, Sheaff Brock Investment Advisors LLC boosted its position in Walmart by 0.3% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock valued at $3,370,000 after acquiring an additional 65 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WMT shares. KeyCorp upped their price objective on Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Jefferies Financial Group raised their price target on shares of Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a report on Monday, June 10th. Barclays boosted their price objective on shares of Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. TD Cowen raised their target price on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Tigress Financial upped their price target on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $70.47.

Walmart Stock Up 0.9 %

WMT stock opened at $68.07 on Wednesday. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The firm’s fifty day moving average is $64.22 and its 200 day moving average is $59.53. The firm has a market cap of $547.52 billion, a PE ratio of 29.13, a P/E/G ratio of 3.91 and a beta of 0.50.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.49 EPS. On average, research analysts forecast that Walmart Inc. will post 2.42 EPS for the current year.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total value of $177,240.00. Following the completion of the sale, the executive vice president now owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the sale, the senior vice president now directly owns 94,415 shares in the company, valued at $6,420,220. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total value of $177,240.00. Following the completion of the transaction, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The disclosure for this sale can be found here. Insiders sold a total of 14,525,340 shares of company stock valued at $953,023,399 in the last three months. 45.58% of the stock is currently owned by company insiders.

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.