Challenger Wealth Management Buys New Holdings in Walmart Inc. (NYSE:WMT)

Challenger Wealth Management bought a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,897 shares of the retailer's stock, valued at approximately $804,000.

A number of other large investors have also modified their holdings of the stock. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart during the fourth quarter worth approximately $25,000. Horizon Financial Services LLC increased its position in shares of 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 last quarter. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart in the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new stake in shares of Walmart in the 4th quarter valued at approximately $37,000. Finally, Mizuho Bank Ltd. purchased a new stake in shares of Walmart in the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Price Performance

WMT stock traded up $0.40 during trading hours on Thursday, hitting $97.64. 4,574,275 shares of the stock traded hands, compared to its average volume of 17,798,209. Walmart Inc. has a one year low of $64.16 and a one year high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock has a 50-day simple moving average of $93.00 and a 200 day simple moving average of $93.17. The company has a market cap of $781.24 billion, a P/E ratio of 40.53, a P/E/G ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company posted $0.60 earnings per share. Equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were paid a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's payout ratio is presently 40.17%.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the transaction, the chief executive officer now owns 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total value of $195,052.00. Following the completion of the transaction, the executive vice president now owns 398,024 shares of the company's stock, valued at $35,288,807.84. The trade was a 0.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,334 shares of company stock worth $12,615,864. 45.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent analyst reports. DZ Bank raised shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research report on Tuesday, February 25th. KeyCorp raised their price objective on Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Evercore ISI dropped their price objective on Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Finally, Oppenheimer raised their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $104.94.

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.