Keb Asset Management LLC Lowers Holdings in Walmart Inc. (NYSE:WMT)

Keb Asset Management LLC decreased its position in Walmart Inc. (NYSE:WMTGet Rating) by 3.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 60,111 shares of the retailer’s stock after selling 2,164 shares during the quarter. Walmart accounts for approximately 6.0% of Keb Asset Management LLC’s holdings, making the stock its 5th biggest holding. Keb Asset Management LLC’s holdings in Walmart were worth $8,952,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Wealthspire Advisors LLC lifted its position in Walmart by 1.1% during the 1st quarter. Wealthspire Advisors LLC now owns 18,137 shares of the retailer’s stock valued at $2,701,000 after purchasing an additional 198 shares during the period. Cypress Capital LLC acquired a new stake in shares of Walmart in the 1st quarter valued at approximately $204,000. Teacher Retirement System of Texas raised its position in shares of Walmart by 3.1% in the 1st quarter. Teacher Retirement System of Texas now owns 798,137 shares of the retailer’s stock valued at $118,859,000 after acquiring an additional 24,235 shares during the period. Wealthsource Partners LLC raised its position in shares of Walmart by 19.0% in the 1st quarter. Wealthsource Partners LLC now owns 9,813 shares of the retailer’s stock valued at $1,461,000 after acquiring an additional 1,565 shares during the period. Finally, MONECO Advisors LLC bought a new stake in Walmart during the 1st quarter worth approximately $207,000. Institutional investors own 30.79% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $127.05, for a total transaction of $1,233,401.40. Following the completion of the transaction, the chief executive officer now directly owns 1,507,454 shares of the company’s stock, valued at $191,522,030.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders have sold 29,124 shares of company stock worth $3,638,461. Company insiders own 47.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on WMT shares. DA Davidson decreased their price target on shares of Walmart from $162.00 to $148.00 in a research note on Tuesday, July 26th. Deutsche Bank Aktiengesellschaft cut their price objective on Walmart from $184.00 to $181.00 in a report on Monday, May 16th. Stifel Nicolaus cut their price target on Walmart from $155.00 to $150.00 and set a “hold” rating for the company in a report on Wednesday, May 18th. Raymond James cut their price target on Walmart from $165.00 to $150.00 and set an “outperform” rating for the company in a report on Wednesday, May 18th. Finally, Guggenheim cut their price target on Walmart from $185.00 to $175.00 and set a “na” rating for the company in a report on Wednesday, May 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $151.00.

Walmart Trading Up 0.8 %

Shares of WMT traded up $1.01 during mid-day trading on Friday, reaching $126.58. The company’s stock had a trading volume of 10,668,955 shares, compared to its average volume of 8,804,530. The stock has a market cap of $346.97 billion, a PE ratio of 27.22, a P/E/G ratio of 4.02 and a beta of 0.53. The company has a current ratio of 0.86, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. Walmart Inc. has a 52 week low of $117.27 and a 52 week high of $160.77. The company’s fifty day moving average price is $125.33 and its two-hundred day moving average price is $137.04.

Walmart (NYSE:WMTGet Rating) last released its earnings results on Tuesday, May 17th. The retailer reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.18). Walmart had a return on equity of 19.05% and a net margin of 2.26%. The business had revenue of $141.60 billion during the quarter, compared to analysts’ expectations of $138.05 billion. During the same period in the prior year, the company earned $1.69 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that Walmart Inc. will post 5.68 earnings per share for the current fiscal year.

Walmart Company Profile

(Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

Read More

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMTGet Rating).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.