Quest Partners LLC Takes $684,000 Position in Walmart Inc. (NYSE:WMT)

Quest Partners LLC bought a new stake in shares of Walmart Inc. (NYSE:WMTFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,338 shares of the retailer’s stock, valued at approximately $684,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Seven Mile Advisory lifted its position in Walmart by 1.6% in the third quarter. Seven Mile Advisory now owns 3,953 shares of the retailer’s stock worth $632,000 after buying an additional 61 shares during the last quarter. Flynn Zito Capital Management LLC lifted its position in shares of Walmart by 3.9% during the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after purchasing an additional 61 shares during the last quarter. ICW Investment Advisors LLC lifted its position in shares of Walmart by 0.4% during the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after purchasing an additional 62 shares during the last quarter. Bill Few Associates Inc. lifted its position in shares of Walmart by 1.1% during the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after purchasing an additional 64 shares during the last quarter. Finally, Gateway Advisory LLC lifted its position in shares of Walmart by 4.1% during the third quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock worth $263,000 after purchasing an additional 65 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director S Robson Walton sold 14,685,327 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $58.61, for a total transaction of $860,755,966.56. Following the completion of the sale, the director now directly owns 656,397,261 shares in the company, valued at $38,473,631,458.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the transaction, the executive vice president now owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director S Robson Walton sold 14,685,327 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $58.61, for a total value of $860,755,966.56. Following the transaction, the director now directly owns 656,397,261 shares in the company, valued at approximately $38,473,631,458.08. The disclosure for this sale can be found here. Insiders sold 20,733,075 shares of company stock worth $1,237,280,394 over the last three months. 46.51% of the stock is currently owned by corporate insiders.

Walmart Trading Up 0.1 %

Shares of NYSE:WMT opened at $65.23 on Thursday. Walmart Inc. has a 12-month low of $48.34 and a 12-month high of $65.69. The company has a market capitalization of $525.63 billion, a PE ratio of 27.92, a PEG ratio of 3.76 and a beta of 0.49. The business has a 50 day moving average of $60.56 and a two-hundred day moving average of $56.71. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMTGet Free Report) last announced its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. Walmart’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. As a group, analysts forecast that Walmart Inc. will post 2.42 EPS for the current year.

Walmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be given a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, December 13th. Walmart’s dividend payout ratio (DPR) is presently 35.52%.

Wall Street Analysts Forecast Growth

WMT has been the topic of several research reports. Oppenheimer cut their price target on Walmart to $67.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Bank of America raised their price target on Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. The Goldman Sachs Group raised their price target on Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 17th. KeyCorp raised their price target on Walmart from $63.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Finally, Barclays raised their price target on Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.01.

Get Our Latest Analysis on Walmart

Walmart Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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