White Knight Strategic Wealth Advisors LLC Boosts Stock Position in Walmart Inc. (NYSE:WMT)

White Knight Strategic Wealth Advisors LLC raised its stake in shares of Walmart Inc. (NYSE:WMT) by 100.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,877 shares of the retailer’s stock after acquiring an additional 3,439 shares during the period. White Knight Strategic Wealth Advisors LLC’s holdings in Walmart were worth $621,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors raised its stake in shares of Walmart by 7.6% during the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock worth $24,532,000 after buying an additional 19,233 shares in the last quarter. Candriam S.C.A. increased 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 valued at $79,960,000 after purchasing an additional 599,257 shares in the last quarter. Modera Wealth Management LLC increased 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 valued at $18,355,000 after purchasing an additional 9,292 shares in the last quarter. Cushing Capital Partners LLC purchased a new position in Walmart in the 4th quarter valued at approximately $1,124,000. Finally, Campbell Wealth Management purchased a new position in Walmart in the 4th quarter valued at approximately $359,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Down 0.3%

NYSE:WMT opened at $97.81 on Wednesday. The business’s 50-day moving average is $91.72 and its two-hundred day moving average is $92.70. 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 Inc. has a 12 month low of $64.16 and a 12 month high of $105.30. The firm has a market capitalization of $782.57 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period last year, the company posted $0.60 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. Research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently weighed in on WMT shares. DA Davidson reaffirmed a “buy” rating and issued a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. Piper Sandler increased their target price on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. UBS Group decreased their price objective on Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Raymond James decreased their price objective on Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Finally, Truist Financial raised 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. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $104.94.

Insider Transactions at Walmart

In related news, EVP Christopher James Nicholas sold 17,600 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $94.42, for a total value of $1,661,792.00. Following the completion of the sale, the executive vice president now directly owns 348,357 shares of the company’s stock, valued at $32,891,867.94. The trade was a 4.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the sale, the executive vice president now directly owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 134,035 shares of company stock valued at $12,445,082. 45.58% of the stock is currently owned by insiders.

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.