Quadcap Wealth Management LLC Has $5 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Quadcap Wealth Management LLC raised its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 106.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,308 shares of the retailer's stock after purchasing an additional 28,493 shares during the quarter. Walmart accounts for 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 quarter.

Other large investors have also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the 4th quarter valued at $25,000. Horizon Financial Services LLC boosted its holdings in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the 4th quarter valued at $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart during the 4th quarter valued at $32,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Walmart during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Wall Street Analyst Weigh In

WMT has been the topic of several recent research reports. Mizuho started coverage on Walmart in a report on Friday, April 11th. They set an "outperform" rating and a $105.00 price objective on the stock. Guggenheim reaffirmed a "buy" rating and set a $100.00 target price on shares of Walmart in a report on Monday, February 24th. Citigroup reaffirmed a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Roth Mkm reaffirmed a "buy" rating and set a $108.00 target price (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Finally, Wells Fargo & Company lifted their target price on Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $103.94.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the sale, the chief executive officer now directly owns 3,558,247 shares of the company's stock, valued at $344,972,046.65. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $97.37, for a total value of $214,214.00. Following the completion of the sale, the executive vice president now directly owns 632,718 shares of the company's stock, valued at $61,607,751.66. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 133,857 shares of company stock valued at $12,444,743. 45.58% of the stock is owned by insiders.

Walmart Stock Up 0.8%

Shares of NYSE:WMT opened at $96.69 on Thursday. The business's 50 day simple moving average is $90.80 and its two-hundred day simple moving average is $92.19. The firm has a market cap of $773.61 billion, a P/E 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 quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a 52-week low of $59.47 and a 52-week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results 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 return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. As a group, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be given a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart's payout ratio is 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.

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