Quarry LP Makes New $576,000 Investment in Walmart Inc. (NYSE:WMT)

Quarry LP purchased a new position in shares of Walmart Inc. (NYSE:WMT) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,372 shares of the retailer’s stock, valued at approximately $576,000.

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

Walmart Stock Performance

Shares of WMT stock opened at $95.02 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The company’s fifty day simple moving average is $90.58 and its 200-day simple moving average is $90.83. Walmart Inc. has a 12 month low of $58.58 and a 12 month high of $105.30. The firm has a market cap of $761.76 billion, a PE ratio of 39.43, a P/E/G ratio of 4.42 and a beta of 0.69.

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

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.99%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the completion of the sale, the chief executive officer now owns 3,558,247 shares of the company’s stock, valued at approximately $344,972,046.65. This represents a 0.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the sale, the executive vice president now owns 423,597 shares in the company, valued at $44,049,852.03. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,533 shares of company stock valued at $13,241,740 in the last three months. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on WMT. Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Oppenheimer reduced their price objective on shares of Walmart from $110.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. The Goldman Sachs Group reissued a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Guggenheim reissued a “buy” rating and issued a $100.00 target price on shares of Walmart in a research note on Monday, February 24th. Finally, Citigroup restated a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. 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’s stock. Based on data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average price target of $103.58.

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.