Quadcap Wealth Management LLC Acquires 28,493 Shares of Walmart Inc. (NYSE:WMT)

Quadcap Wealth Management LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 106.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 55,308 shares of the retailer’s stock after buying an additional 28,493 shares during the period. Walmart makes up approximately 0.7% of Quadcap Wealth Management LLC’s investment portfolio, making the stock its 27th biggest position. Quadcap Wealth Management LLC’s holdings in Walmart were worth $4,997,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new stake in Walmart during the fourth quarter worth about $25,000. Horizon Financial Services LLC lifted 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 purchasing an additional 262 shares during the last quarter. Fiduciary Advisors Inc. bought a new stake in Walmart during the fourth quarter worth about $27,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart in the 4th quarter valued at about $32,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Walmart in the 4th quarter valued at about $37,000. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lowered their target price on Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Guggenheim reaffirmed a “buy” rating and set a $100.00 price target on shares of Walmart in a research report on Monday, February 24th. Wells Fargo & Company upped their price target on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. 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. Finally, Roth Mkm reaffirmed a “buy” rating and set a $108.00 price target (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $103.94.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the sale, the chief executive officer now owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 133,857 shares of company stock valued at $12,444,743. 45.58% of the stock is owned by company insiders.

Walmart Price Performance

NYSE WMT opened at $96.69 on Thursday. The business’s fifty day moving average price is $90.80 and its 200-day moving average price is $92.19. The stock has a market capitalization of $773.61 billion, a price-to-earnings ratio of 40.12, a PEG ratio of 4.42 and a beta of 0.70. 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 1-year low of $59.47 and a 1-year high of $105.30.

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

Walmart Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be issued a $0.235 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 0.95%. Walmart’s dividend payout ratio is currently 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.