Walmart Inc. (NYSE:WMT) Stake Boosted by White Knight Strategic Wealth Advisors LLC

White Knight Strategic Wealth Advisors LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 100.0% in the 4th quarter, Holdings Channel reports. The firm owned 6,877 shares of the retailer’s stock after acquiring an additional 3,439 shares during the quarter. White Knight Strategic Wealth Advisors LLC’s holdings in Walmart were worth $621,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in WMT. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC boosted its position in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after buying an additional 262 shares during the period. Fiduciary Advisors Inc. acquired a new position in shares of Walmart during the fourth quarter worth approximately $27,000. Noble Wealth Management PBC acquired a new position in shares of Walmart during the fourth quarter worth approximately $37,000. Finally, Mizuho Bank Ltd. acquired a new position in shares of Walmart during the fourth quarter worth approximately $41,000. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the transaction, the chief executive officer now directly owns 3,558,247 shares of the company’s stock, valued at approximately $344,972,046.65. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christopher James Nicholas sold 17,600 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the completion of the transaction, the executive vice president now directly owns 348,357 shares in the company, valued at $32,891,867.94. This trade represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 134,035 shares of company stock valued at $12,445,082 in the last three months. 45.58% of the stock is currently owned by company insiders.

Walmart Price Performance

Shares of NYSE:WMT opened at $97.81 on Wednesday. The stock has a fifty day moving average of $91.72 and a 200-day moving average of $92.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a one year low of $64.16 and a one year high of $105.30. The company has a market capitalization of $782.57 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the business earned $0.60 EPS. The company’s revenue was up 2.5% on a year-over-year basis. As a group, equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart’s dividend payout ratio (DPR) is currently 40.17%.

Wall Street Analyst Weigh In

WMT has been the subject of several analyst reports. Truist Financial boosted their price objective on Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 price objective on shares of Walmart in a research report on Monday, May 12th. Piper Sandler boosted their price objective on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. KeyCorp boosted their price objective on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Roth Mkm reiterated a “buy” rating and set a $108.00 price objective (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.94.

About Walmart

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.