Kelly Financial Services LLC Purchases New Position in Walmart Inc. (NYSE:WMT)

Kelly Financial Services LLC acquired a new position in Walmart Inc. (NYSE:WMT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 68,174 shares of the retailer's stock, valued at approximately $6,159,000. Walmart comprises about 1.8% of Kelly Financial Services LLC's investment portfolio, making the stock its 14th largest holding.

Several other large investors have also modified their holdings of the business. Pacer Advisors Inc. increased its position in shares of Walmart by 3.2% during the second quarter. Pacer Advisors Inc. now owns 383,412 shares of the retailer's stock worth $25,961,000 after acquiring an additional 11,816 shares during the period. Sei Investments Co. lifted its stake in shares of Walmart by 19.3% during the 2nd quarter. Sei Investments Co. now owns 1,541,659 shares of the retailer's stock worth $104,388,000 after purchasing an additional 249,232 shares during the last quarter. Summit Trail Advisors LLC boosted its holdings in shares of Walmart by 27.3% in the 2nd quarter. Summit Trail Advisors LLC now owns 35,845 shares of the retailer's stock valued at $2,427,000 after buying an additional 7,698 shares in the last quarter. Lavaca Capital LLC grew its holdings in Walmart by 1.6% in the second quarter. Lavaca Capital LLC now owns 20,745 shares of the retailer's stock worth $1,405,000 after purchasing an additional 324 shares during the last quarter. Finally, Kowal Investment Group LLC grew its stake in Walmart by 4.6% during the 2nd quarter. Kowal Investment Group LLC now owns 22,052 shares of the retailer's stock worth $1,493,000 after buying an additional 976 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Stock Up 0.8 %

WMT traded up $0.72 during trading hours on Monday, hitting $92.02. 15,705,502 shares of the company's stock were exchanged, compared to its average volume of 14,296,278. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18. The firm has a market cap of $739.19 billion, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. The firm has a 50 day moving average of $91.15 and a 200 day moving average of $81.46.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart's revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 EPS. Analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This represents a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 140,177 shares of company stock worth $12,478,149. Company insiders own 45.58% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. BMO Capital Markets increased their price objective on shares of Walmart from $80.00 to $100.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Piper Sandler raised their price target on shares of Walmart from $83.00 to $93.00 and gave the stock an "overweight" rating in a report on Monday, November 18th. Citigroup boosted their price objective on shares of Walmart from $75.00 to $98.00 and gave the company a "buy" rating in a report on Friday, September 27th. KeyCorp upped their target price on Walmart from $96.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Finally, Truist Financial increased their price target on Walmart from $89.00 to $98.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Walmart presently has an average rating of "Moderate Buy" and an average target price of $94.49.

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.