Quantinno Capital Management LP Purchases 73,966 Shares of Walmart Inc. (NYSE:WMT)

Quantinno Capital Management LP raised its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 732,719 shares of the retailer's stock after acquiring an additional 73,966 shares during the quarter. Walmart comprises 0.7% of Quantinno Capital Management LP's portfolio, making the stock its 15th largest position. Quantinno Capital Management LP's holdings in Walmart were worth $66,201,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the fourth quarter worth $25,000. Horizon Financial Services LLC raised its holdings 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 worth $26,000 after acquiring an additional 262 shares during the period. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the fourth quarter worth $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart during the fourth quarter worth $32,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Walmart during the fourth quarter worth $37,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Performance

Shares of Walmart stock traded up $1.91 on Friday, hitting $98.26. The stock had a trading volume of 33,699,272 shares, compared to its average volume of 17,891,939. Walmart Inc. has a twelve month low of $63.63 and a twelve month high of $105.30. The business's 50 day moving average is $90.98 and its two-hundred day moving average is $92.29. 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 stock has a market cap of $786.18 billion, a price-to-earnings ratio of 40.77, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. Analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be issued a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart's dividend payout ratio is currently 39.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Roth Mkm reiterated a "buy" rating and issued a $108.00 price target (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. StockNews.com upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research note on Monday. Royal Bank of Canada reiterated an "outperform" rating and issued a $102.00 price target on shares of Walmart in a research note on Friday. Barclays reiterated an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Finally, Stifel Nicolaus lowered their price target on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $104.94.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were 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 owns 3,558,247 shares of the company's stock, valued at $344,972,046.65. The trade was a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $97.37, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders sold 133,857 shares of company stock valued at $12,444,743 in the last quarter. Company insiders own 45.58% of the company's stock.

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.