Quarry LP Takes $576,000 Position in Walmart Inc. (NYSE:WMT)

Quarry LP acquired a new stake in Walmart Inc. (NYSE:WMT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,372 shares of the retailer’s stock, valued at approximately $576,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMT. FPC Investment Advisory Inc. bought a new stake in Walmart during the fourth quarter valued at $25,000. Horizon Financial Services LLC raised its stake in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after acquiring an additional 262 shares during the period. Fiduciary Advisors Inc. acquired a new position in Walmart in the fourth quarter valued at approximately $27,000. Decker Retirement Planning Inc. bought a new position in shares of Walmart during the fourth quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC bought a new position in shares of Walmart during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Monday, April 21st. The shares were sold at an average price of $93.50, for a total transaction of $374,000.00. Following the sale, the executive vice president now owns 1,096,455 shares in the company, valued at $102,518,542.50. The trade was a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the transaction, the chief executive officer now directly owns 3,972,517 shares of the company’s stock, valued at $340,166,630.71. The trade was a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,533 shares of company stock valued at $13,241,740 in the last quarter. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WMT. Roth Mkm reaffirmed a “buy” rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $115.00 price objective (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 target price on shares of Walmart in a research note on Thursday, April 10th. KeyCorp increased their price target on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, UBS Group lowered their price objective on shares of Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Three analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.58.

Walmart Price Performance

NYSE WMT opened at $95.02 on Friday. The stock has a market capitalization of $761.76 billion, a PE ratio of 39.43, a P/E/G ratio of 4.42 and a beta of 0.69. The stock has a 50-day simple moving average of $90.58 and a 200 day simple moving average of $90.83. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a twelve month low of $58.58 and a twelve month high of $105.30.

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

Walmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 0.99%. Walmart’s dividend payout ratio is 39.00%.

Walmart 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.