Kingswood Wealth Advisors LLC Raises Position in Walmart Inc. (NYSE:WMT)

Kingswood Wealth Advisors LLC increased its position in Walmart Inc. (NYSE:WMT - Free Report) by 247.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 193,244 shares of the retailer's stock after acquiring an additional 137,701 shares during the period. Walmart comprises about 0.7% of Kingswood Wealth Advisors LLC's investment portfolio, making the stock its 20th biggest holding. Kingswood Wealth Advisors LLC's holdings in Walmart were worth $17,124,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. World Investment Advisors grew its holdings in shares of Walmart by 7.6% in the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock worth $24,532,000 after acquiring an additional 19,233 shares during the period. Candriam S.C.A. grew its holdings in shares of Walmart by 209.7% in the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after acquiring an additional 599,257 shares during the period. Modera Wealth Management LLC grew its holdings in shares of Walmart by 4.8% in the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock worth $18,355,000 after acquiring an additional 9,292 shares during the period. Cushing Capital Partners LLC bought a new stake in shares of Walmart in the fourth quarter worth $1,124,000. Finally, GWN Securities Inc. bought a new stake in shares of Walmart in the fourth quarter worth $4,658,000. Institutional investors own 26.76% of the company's stock.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction of $217,800.00. Following the sale, the executive vice president now directly owns 630,518 shares in the company, valued at $62,421,282. This represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the sale, the chief executive officer now owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,294 shares of company stock valued at $12,656,659. Insiders own 45.58% of the company's stock.

Walmart Price Performance

Walmart stock traded up $1.07 during midday trading on Friday, reaching $96.16. 20,513,457 shares of the stock traded hands, compared to its average volume of 17,935,709. The stock's fifty day moving average is $96.39 and its 200-day moving average is $94.15. Walmart Inc. has a 12 month low of $66.55 and a 12 month high of $105.30. The stock has a market cap of $767.41 billion, a P/E ratio of 41.10, a PEG ratio of 4.69 and a beta of 0.69. 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 (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same period in the prior year, the company earned $0.60 earnings per share. The firm's revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WMT. Truist Financial lifted their price objective on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. DA Davidson reissued a "buy" rating and set a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Evercore ISI boosted their price target on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Raymond James Financial cut their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, UBS Group cut their price target on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $106.50.

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.