Quadrature Capital Ltd Invests $22.20 Million in Walmart Inc. (NYSE:WMT)

Quadrature Capital Ltd purchased a new position in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 140,810 shares of the retailer’s stock, valued at approximately $22,199,000.

Several other large investors have also bought and sold shares of the business. Seven Mile Advisory increased its holdings in Walmart by 1.6% in the third quarter. Seven Mile Advisory now owns 3,953 shares of the retailer’s stock valued at $632,000 after purchasing an additional 61 shares during the last quarter. Flynn Zito Capital Management LLC increased its stake in shares of Walmart by 3.9% in the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after acquiring an additional 61 shares during the last quarter. ICW Investment Advisors LLC raised its position in shares of Walmart by 0.4% in the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after acquiring an additional 62 shares during the period. Bill Few Associates Inc. boosted its stake in Walmart by 1.1% during the 4th quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after acquiring an additional 64 shares during the last quarter. Finally, Gateway Advisory LLC grew its holdings in Walmart by 4.1% during the third quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock valued at $263,000 after purchasing an additional 65 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Truist Financial lifted their price target on shares of Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a research report on Friday, May 17th. DA Davidson lifted their target price on Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Oppenheimer increased their price target on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. KeyCorp lifted their price objective on Walmart from $63.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Finally, Bank of America increased their target price on Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average price target of $69.94.

Walmart Stock Up 0.6 %

Walmart stock opened at $67.42 on Tuesday. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $67.57. The firm has a market capitalization of $542.30 billion, a PE ratio of 28.81, a P/E/G ratio of 3.87 and a beta of 0.51. The company’s 50-day moving average is $62.62 and its 200-day moving average is $58.34. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $60.26, for a total transaction of $180,780.00. Following the sale, the executive vice president now owns 524,613 shares of the company’s stock, valued at $31,613,179.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $60.45, for a total transaction of $1,760,545.80. Following the completion of the transaction, the chief executive officer now directly owns 4,047,767 shares in the company, valued at $244,687,515.15. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $60.26, for a total value of $180,780.00. Following the completion of the sale, the executive vice president now directly owns 524,613 shares in the company, valued at approximately $31,613,179.38. The disclosure for this sale can be found here. Insiders sold 14,493,971 shares of company stock worth $950,549,592 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

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.