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

Quarry LP bought a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 6,372 shares of the retailer's stock, valued at approximately $576,000.

Several other large investors have also recently added to or reduced their stakes in WMT. Annis Gardner Whiting Capital Advisors LLC raised its stake in Walmart by 1.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock valued at $538,000 after buying an additional 98 shares during the last quarter. Coyle Financial Counsel LLC raised its holdings in Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock worth $310,000 after purchasing an additional 102 shares during the period. SC&H Financial Advisors Inc. grew its stake in shares of Walmart by 1.0% during the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock valued at $924,000 after acquiring an additional 103 shares during the period. Blackston Financial Advisory Group LLC raised its position in shares of Walmart by 0.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock valued at $1,417,000 after purchasing an additional 106 shares during the period. Finally, Van Strum & Towne Inc. raised its holdings in Walmart by 1.6% during the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock valued at $619,000 after acquiring an additional 108 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WMT has been the topic of several research reports. Guggenheim reaffirmed a "buy" rating and issued a $100.00 target price on shares of Walmart in a report on Monday, February 24th. Robert W. Baird boosted their price objective on Walmart from $100.00 to $115.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Wells Fargo & Company increased their price objective on Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. UBS Group cut their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Royal Bank of Canada cut their price target on Walmart from $107.00 to $102.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Three analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.58.

Walmart Trading Up 1.2 %

Shares of NYSE:WMT traded up $1.19 during trading on Wednesday, reaching $97.23. 21,561,010 shares of the stock were exchanged, compared to its average volume of 21,419,314. The firm has a market cap of $777.93 billion, a price-to-earnings ratio of 40.34, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. 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 12-month low of $58.58 and a 12-month high of $105.30. The firm's 50-day moving average price is $90.38 and its 200 day moving average price is $91.05.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $180.55 billion for the quarter, compared to analysts' expectations of $178.83 billion. On average, sell-side analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, December 12th. Walmart's payout ratio is 39.00%.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business'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 sale, the chief executive officer now owns 3,558,247 shares of the company's stock, valued at approximately $344,972,046.65. The trade was a 0.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 169,657 shares of company stock worth $15,984,929. 45.58% of the stock is currently owned by company insiders.

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.