Kingswood Wealth Advisors LLC Boosts Stock Holdings in Walmart Inc. (NYSE:WMT)

Kingswood Wealth Advisors LLC raised its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 247.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 193,244 shares of the retailer's stock after buying an additional 137,701 shares during the period. Walmart comprises approximately 0.7% of Kingswood Wealth Advisors LLC's portfolio, making the stock its 20th largest position. Kingswood Wealth Advisors LLC's holdings in Walmart were worth $17,124,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WMT. Norges Bank purchased a new stake in Walmart during the fourth quarter valued at about $5,737,355,000. Raymond James Financial Inc. purchased a new stake in Walmart during the fourth quarter valued at about $2,306,627,000. GAMMA Investing LLC raised its stake in shares of Walmart by 9,896.9% during the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock valued at $697,029,000 after acquiring an additional 7,860,306 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Walmart by 14.0% during the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock valued at $2,893,079,000 after acquiring an additional 3,927,173 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Walmart by 8.9% during the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after acquiring an additional 3,550,037 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. DZ Bank raised shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research note on Tuesday, February 25th. Evercore ISI upped their price objective on shares of Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Truist Financial upped their price objective on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Raymond James Financial lowered their price objective on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Guggenheim reaffirmed a "buy" rating and set a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $106.50.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 398,024 shares in the company, valued at approximately $35,288,807.84. This trade represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the sale, the chief executive officer now owns 3,972,517 shares in the company, valued at $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,294 shares of company stock worth $12,656,659. 45.58% of the stock is owned by insiders.

Walmart Trading Down 0.1%

NYSE:WMT opened at $94.24 on Wednesday. The company's 50 day moving average price is $96.13 and its 200-day moving average price is $94.11. Walmart Inc. has a 52 week low of $66.55 and a 52 week high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The stock has a market cap of $752.04 billion, a price-to-earnings ratio of 40.27, a PEG ratio of 4.60 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last issued 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. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter last year, the company posted $0.60 earnings per share. The firm's quarterly revenue was up 2.5% on a year-over-year basis. On average, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

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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