Kingstone Capital Partners Texas LLC Takes Position in Walmart Inc. (NYSE:WMT)

Kingstone Capital Partners Texas LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 26,200 shares of the retailer's stock, valued at approximately $2,367,000. Walmart makes up 1.9% of Kingstone Capital Partners Texas LLC's holdings, making the stock its 18th largest position.

Other hedge funds have also recently modified their holdings of the company. World Investment Advisors boosted its stake in Walmart by 7.6% in the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock worth $24,532,000 after purchasing an additional 19,233 shares in the last quarter. Candriam S.C.A. boosted its stake in Walmart by 209.7% in the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after purchasing an additional 599,257 shares in the last quarter. Modera Wealth Management LLC boosted its stake in Walmart by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock worth $18,355,000 after purchasing an additional 9,292 shares in the last quarter. Cushing Capital Partners LLC bought a new position in Walmart in the 4th quarter worth about $1,124,000. Finally, Campbell Wealth Management purchased a new position in Walmart in the 4th quarter worth about $359,000. Institutional investors own 26.76% of the company's stock.

Insider Buying and Selling

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.15, for a total value of $1,261,968.75. Following the completion of the transaction, the executive vice president now directly owns 460,672 shares in the company, valued at $44,293,612.80. This represents a 2.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value 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 $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 177,583 shares of company stock valued at $16,701,404. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Up 0.6%

Walmart stock opened at $96.49 on Friday. The firm has a 50 day moving average of $92.33 and a 200 day moving average of $92.90. The firm has a market capitalization of $772.00 billion, a price-to-earnings ratio of 40.04, a P/E/G ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 12-month low of $64.16 and a 12-month 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.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (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 analyst estimates of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 EPS. As a group, research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be issued a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart's dividend payout ratio is 40.17%.

Analyst Ratings Changes

A number of brokerages have weighed in on WMT. KeyCorp boosted their target price on Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Piper Sandler boosted their target price on Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Barclays reissued an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. JPMorgan Chase & Co. boosted their target price on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Finally, DA Davidson reissued a "buy" rating and issued a $117.00 target price on shares of Walmart in a research report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Walmart presently has a consensus rating of "Moderate Buy" and an average target price of $104.94.

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.

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