KCM Investment Advisors LLC Sells 6,540 Shares of Walmart Inc. (NYSE:WMT)

KCM Investment Advisors LLC trimmed its holdings in Walmart Inc. (NYSE:WMT) by 1.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 587,264 shares of the retailer’s stock after selling 6,540 shares during the period. Walmart comprises 1.6% of KCM Investment Advisors LLC’s holdings, making the stock its 12th biggest position. KCM Investment Advisors LLC’s holdings in Walmart were worth $47,422,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in WMT. Archer Investment Corp boosted its holdings in shares of Walmart by 2.3% during the 3rd quarter. Archer Investment Corp now owns 28,970 shares of the retailer’s stock worth $2,339,000 after buying an additional 651 shares during the period. Empirical Finance LLC lifted its position in Walmart by 2.4% during the third quarter. Empirical Finance LLC now owns 146,589 shares of the retailer’s stock worth $11,837,000 after acquiring an additional 3,387 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its position in Walmart by 0.3% during the third quarter. Signature Estate & Investment Advisors LLC now owns 849,801 shares of the retailer’s stock worth $68,621,000 after acquiring an additional 2,926 shares during the last quarter. Black Diamond Financial LLC boosted its holdings in shares of Walmart by 48.7% during the third quarter. Black Diamond Financial LLC now owns 5,205 shares of the retailer’s stock worth $420,000 after acquiring an additional 1,704 shares during the period. Finally, King Wealth Management Group grew its position in shares of Walmart by 0.7% in the third quarter. King Wealth Management Group now owns 120,390 shares of the retailer’s stock valued at $9,722,000 after purchasing an additional 804 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. This trade represents a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the sale, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is currently owned by insiders.

Walmart Price Performance

WMT stock traded down $0.08 during trading on Friday, reaching $84.39. 2,166,781 shares of the company were exchanged, compared to its average volume of 16,643,197. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The company has a market capitalization of $678.35 billion, a price-to-earnings ratio of 43.94, a P/E/G ratio of 4.27 and a beta of 0.51. The company has a 50-day moving average of $81.14 and a two-hundred day moving average of $72.62.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter last year, the business posted $0.61 EPS. Walmart’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WMT has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Telsey Advisory Group reissued an “outperform” rating and issued a $92.00 target price on shares of Walmart in a research report on Wednesday. Jefferies Financial Group upped their price target on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and boosted their price objective for the company from $76.00 to $89.00 in a report on Tuesday, September 24th. Finally, TD Cowen increased their target price on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $84.84.

Walmart Company 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.