Walmart Inc. (NYSE:WMT) Holdings Boosted by King Wealth Management Group

Key Points

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King Wealth Management Group grew its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 2.0% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 129,635 shares of the retailer's stock after buying an additional 2,564 shares during the quarter. Walmart accounts for 1.7% of King Wealth Management Group's investment portfolio, making the stock its 16th largest holding. King Wealth Management Group's holdings in Walmart were worth $11,381,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in WMT. Whelan Financial raised 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 buying an additional 97 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Walmart by 1.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock valued at $538,000 after acquiring an additional 98 shares in the last quarter. Bedel Financial Consulting Inc. raised its position in Walmart by 0.4% during the first quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock worth $2,275,000 after acquiring an additional 102 shares during the last quarter. Scott & Selber Inc. lifted its holdings in shares of Walmart by 3.7% in the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock valued at $256,000 after purchasing an additional 105 shares in the last quarter. Finally, Capital Advisors Wealth Management LLC grew its position in shares of Walmart by 1.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock valued at $684,000 after purchasing an additional 105 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Performance

Shares of NYSE WMT traded up $0.78 during mid-day trading on Friday, hitting $98.76. The company had a trading volume of 3,514,601 shares, compared to its average volume of 19,057,600. The stock has a market cap of $788.15 billion, a price-to-earnings ratio of 42.17, a PEG ratio of 4.70 and a beta of 0.68. The firm's 50 day simple moving average is $96.82 and its two-hundred day simple moving average is $94.98. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 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 firm had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently disclosed 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 dividend yield of 95.0%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio (DPR) is currently 40.17%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WMT shares. KeyCorp raised their price target on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Robert W. Baird raised their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. UBS Group lowered their price target on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Evercore ISI increased their price objective on shares of Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Finally, Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $106.67.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,148 shares of the business's stock in a transaction 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 sale, the chief executive officer owned 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathryn J. Mclay sold 28,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the sale, the executive vice president directly owned 1,064,455 shares of the company's stock, valued at $103,252,135. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 143,912 shares of company stock worth $13,863,813 over the last ninety days. Insiders own 45.58% of the company's stock.

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.