King Wealth Management Group Increases Stake in Walmart Inc. (NYSE:WMT)

King Wealth Management Group grew its stake in Walmart Inc. (NYSE:WMT - Free Report) by 5.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 127,071 shares of the retailer's stock after buying an additional 6,681 shares during the quarter. Walmart accounts for approximately 1.7% of King Wealth Management Group's portfolio, making the stock its 18th biggest position. King Wealth Management Group's holdings in Walmart were worth $11,481,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Swedbank AB lifted its holdings in Walmart by 0.4% during the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer's stock worth $431,632,000 after buying an additional 18,644 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Walmart by 14.9% during the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer's stock worth $503,517,000 after purchasing an additional 809,352 shares during the last quarter. Versor Investments LP purchased a new position in Walmart in the third quarter valued at approximately $231,000. MQS Management LLC acquired a new stake in Walmart during the third quarter worth approximately $492,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in shares of Walmart during the 3rd quarter worth approximately $18,692,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Down 1.0 %

WMT stock opened at $84.36 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The company's 50 day simple moving average is $95.85 and its 200-day simple moving average is $88.56. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The firm has a market capitalization of $677.67 billion, a PE ratio of 35.00, a P/E/G ratio of 4.42 and a beta of 0.53.

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Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.11%. Walmart's payout ratio is currently 39.00%.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares of the company's stock, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares of the company's stock, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,777 shares of company stock worth $17,657,316 over the last quarter. 45.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WMT has been the topic of several research analyst reports. Bank of America lifted their price target on shares of Walmart from $95.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. lifted their target price on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Stifel Nicolaus upped their target price on Walmart from $89.00 to $94.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. Wells Fargo & Company lifted their price target on Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Finally, Roth Mkm reissued a "buy" rating and issued a $108.00 price objective (up from $97.00) on shares of Walmart in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $103.20.

About Walmart

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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