BlackDiamond Wealth Management LLC Has $603,000 Stake in Walmart Inc. (NYSE:WMT)

BlackDiamond Wealth Management LLC grew its position in Walmart Inc. (NYSE:WMT) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,672 shares of the retailer’s stock after purchasing an additional 193 shares during the quarter. BlackDiamond Wealth Management LLC’s holdings in Walmart were worth $603,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new stake in Walmart during the fourth quarter worth approximately $25,000. Fiduciary Advisors Inc. acquired a new stake in Walmart during the fourth quarter worth approximately $27,000. Peterson Financial Group Inc. acquired a new stake in Walmart during the third quarter worth approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in Walmart during the fourth quarter worth approximately $32,000. Finally, Noble Wealth Management PBC acquired a new stake in Walmart during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the sale, the chief executive officer now directly owns 3,785,702 shares in the company, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,777 shares of company stock worth $17,657,316 in the last three months. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of analyst reports. Citigroup reissued a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Guggenheim restated a “buy” rating and set a $100.00 target price on shares of Walmart in a research note on Monday, February 24th. Truist Financial upped their target price on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. BMO Capital Markets upped their target price on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $103.20.

Walmart Stock Performance

Shares of Walmart stock opened at $87.54 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $95.67 and a two-hundred day moving average price of $88.88. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The company has a market cap of $703.21 billion, a P/E ratio of 36.32, a PEG ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. As a group, analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.07%. Walmart’s dividend payout ratio is presently 39.00%.

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.