Royal Capital Wealth Management LLC Has $1.95 Million Stock Position in Walmart Inc. (NYSE:WMT)

Royal Capital Wealth Management LLC raised its position in Walmart Inc. (NYSE:WMT - Free Report) by 38.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,594 shares of the retailer's stock after acquiring an additional 5,957 shares during the period. Walmart comprises approximately 1.4% of Royal Capital Wealth Management LLC's holdings, making the stock its 20th largest holding. Royal Capital Wealth Management LLC's holdings in Walmart were worth $1,951,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in WMT. White Knight Strategic Wealth Advisors LLC raised its holdings in shares of Walmart by 100.0% in the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 6,877 shares of the retailer's stock worth $621,000 after buying an additional 3,439 shares in the last quarter. Ashford Capital Management Inc. raised its holdings in shares of Walmart by 10.7% in the 4th quarter. Ashford Capital Management Inc. now owns 10,980 shares of the retailer's stock worth $992,000 after buying an additional 1,060 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new position in shares of Walmart in the 4th quarter worth approximately $179,000. Kinloch Capital LLC raised its holdings in shares of Walmart by 1.2% in the 4th quarter. Kinloch Capital LLC now owns 58,142 shares of the retailer's stock worth $5,253,000 after buying an additional 702 shares in the last quarter. Finally, Lantern Wealth Advisors LLC raised its holdings in shares of Walmart by 15.4% in the 4th quarter. Lantern Wealth Advisors LLC now owns 4,060 shares of the retailer's stock worth $367,000 after buying an additional 542 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the transaction, the chief executive officer now owns 3,558,247 shares of the company's stock, valued at approximately $344,972,046.65. This trade represents a 0.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher James Nicholas sold 17,600 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the completion of the transaction, the executive vice president now directly owns 348,357 shares in the company, valued at approximately $32,891,867.94. The trade was a 4.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 134,035 shares of company stock worth $12,445,082 in the last three months. Company insiders own 45.58% of the company's stock.

Walmart Stock Performance

WMT opened at $97.81 on Wednesday. The business's 50-day moving average price is $91.72 and its two-hundred day moving average price is $92.70. Walmart Inc. has a 1 year low of $64.16 and a 1 year high of $105.30. The company has a market capitalization of $782.57 billion, a price-to-earnings ratio of 40.59, a P/E/G ratio of 4.42 and a beta of 0.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $0.60 EPS. Equities analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WMT. Telsey Advisory Group restated an "outperform" rating and set a $115.00 price target on shares of Walmart in a research report on Monday, May 12th. Barclays restated an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. StockNews.com upgraded Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Roth Mkm restated a "buy" rating and set a $108.00 price target (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. Finally, Royal Bank of Canada restated an "outperform" rating and set a $102.00 price target on shares of Walmart in a research report on Friday, May 16th. 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 company. According to 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.

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