Kingsman Wealth Management Inc. Makes New $4.97 Million Investment in Walmart Inc. (NYSE:WMT)

Kingsman Wealth Management Inc. purchased a new position in Walmart Inc. (NYSE:WMT - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 56,583 shares of the retailer's stock, valued at approximately $4,967,000. Walmart comprises 3.6% of Kingsman Wealth Management Inc.'s portfolio, making the stock its 8th biggest holding.

A number of other large investors have also recently bought and sold shares of the business. Horizon Financial Services LLC boosted its holdings in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after purchasing an additional 262 shares during the period. Bear Mountain Capital Inc. increased its stake in shares of Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after purchasing an additional 167 shares in the last quarter. EQ Wealth Advisors LLC bought a new stake in Walmart during the first quarter valued at approximately $35,000. Lipe & Dalton lifted its holdings in shares of Walmart by 95.2% in the 1st quarter. Lipe & Dalton now owns 410 shares of the retailer's stock worth $36,000 after acquiring an additional 200 shares during the last quarter. Finally, Mizuho Bank Ltd. purchased a new position in shares of Walmart in the fourth quarter worth $41,000. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Daniel J. Bartlett sold 1,744 shares of the business's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $95.60, for a total transaction of $166,726.40. Following the completion of the sale, the executive vice president owned 649,233 shares of the company's stock, valued at $62,066,674.80. The trade was a 0.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $97.19, for a total transaction of $1,887,041.04. Following the sale, the chief executive officer directly owned 4,431,783 shares of the company's stock, valued at approximately $430,724,989.77. The trade was a 0.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 151,820 shares of company stock valued at $14,584,875 in the last ninety days. 45.58% of the stock is owned by insiders.

Walmart Stock Performance

Shares of WMT stock traded up $0.58 during trading hours on Monday, reaching $95.63. 13,444,683 shares of the company's stock were exchanged, compared to its average volume of 18,137,977. The stock has a market capitalization of $763.14 billion, a P/E ratio of 37.72, a P/E/G ratio of 4.57 and a beta of 0.68. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30. The business has a fifty day moving average price of $96.81 and a 200-day moving average price of $94.68.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. Analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were given a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio is currently 40.17%.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent research reports. Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research report on Monday, June 9th. Raymond James Financial dropped their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Stifel Nicolaus lowered their target price on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Finally, Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $106.67.

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.