Kelman Lazarov Inc. Boosts Holdings in Walmart Inc. (NYSE:WMT)

Kelman Lazarov Inc. boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 201.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,847 shares of the retailer’s stock after acquiring an additional 7,919 shares during the period. Kelman Lazarov Inc.’s holdings in Walmart were worth $713,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in shares of Walmart by 183.0% during the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after purchasing an additional 18,865,484 shares during the last quarter. Norges Bank acquired a new position in Walmart in the fourth quarter valued at $3,674,652,000. Price T Rowe Associates Inc. MD lifted its position in Walmart by 11.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock worth $3,190,194,000 after buying an additional 2,150,351 shares during the period. Raymond James & Associates boosted its stake in Walmart by 212.6% in the 1st quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock worth $844,514,000 after buying an additional 9,544,958 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Walmart by 187.4% in the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after buying an additional 8,674,100 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on WMT shares. Barclays increased their price objective on shares of Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Roth Mkm lifted their price target on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a report on Friday, May 17th. Bank of America boosted their price objective on shares of Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. KeyCorp lifted their target price on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Piper Sandler began coverage on Walmart in a research report on Wednesday, July 10th. They set an “overweight” rating and a $81.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $71.09.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 2,398 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $69.50, for a total transaction of $166,661.00. Following the sale, the executive vice president now owns 463,871 shares in the company, valued at $32,239,034.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Walmart news, EVP Daniel J. Bartlett sold 2,398 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $69.50, for a total transaction of $166,661.00. Following the completion of the sale, the executive vice president now owns 463,871 shares in the company, valued at $32,239,034.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the completion of the transaction, the chief executive officer now owns 3,960,402 shares in the company, valued at $270,851,892.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,527,738 shares of company stock worth $953,190,060. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.1 %

Shares of Walmart stock traded down $0.07 on Friday, hitting $70.75. 11,665,526 shares of the company’s stock traded hands, compared to its average volume of 12,789,591. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $71.33. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The stock has a market cap of $569.08 billion, a P/E ratio of 30.28, a PEG ratio of 4.08 and a beta of 0.50. The firm’s 50-day moving average is $66.96 and its 200 day moving average is $61.20.

Walmart (NYSE:WMT) last posted its quarterly earnings data 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 the consensus estimate of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. Equities analysts anticipate that Walmart Inc. will post 2.43 earnings per share for the current year.

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.