Challenger Wealth Management Purchases Shares of 8,897 Walmart Inc. (NYSE:WMT)

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

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whelan Financial boosted its stake in shares of Walmart by 2.3% during the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock worth $392,000 after acquiring an additional 97 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Walmart by 1.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock worth $538,000 after acquiring an additional 98 shares during the period. Coyle Financial Counsel LLC boosted its stake in shares of Walmart by 3.1% during the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock worth $310,000 after acquiring an additional 102 shares during the period. SC&H Financial Advisors Inc. boosted its stake in shares of Walmart by 1.0% during the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock worth $924,000 after acquiring an additional 103 shares during the period. Finally, Blackston Financial Advisory Group LLC boosted its stake in shares of Walmart by 0.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock worth $1,417,000 after acquiring an additional 106 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WMT shares. Barclays reiterated an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Oppenheimer boosted their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Stifel Nicolaus reduced their price target on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Truist Financial boosted their price target on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, KeyCorp boosted their price target on Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.94.

Walmart Trading Up 1.2%

Shares of Walmart stock traded up $1.18 on Tuesday, hitting $97.52. 17,168,296 shares of the company traded hands, compared to its average volume of 17,858,663. The stock's 50 day moving average price is $92.54 and its 200-day moving average price is $93.12. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 52 week low of $64.16 and a 52 week high of $105.30. The company has a market cap of $780.25 billion, a PE ratio of 40.46, a PEG ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Walmart's revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company posted $0.60 earnings per share. Equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be issued 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 payout ratio is 40.17%.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $96.15, for a total value of $1,261,968.75. Following the transaction, the executive vice president now directly owns 460,672 shares of the company's stock, valued at approximately $44,293,612.80. The trade was a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the completion of the transaction, the chief executive officer now directly owns 3,558,247 shares in the company, valued at $344,972,046.65. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 177,583 shares of company stock valued at $16,701,404 over the last ninety days. 45.58% of the stock is owned by company insiders.

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.