Quent Capital LLC Increases Stock Position in Walmart Inc. (NYSE:WMT)

Quent Capital LLC lifted its holdings in Walmart Inc. (NYSE:WMT) by 5.9% during the third quarter, Holdings Channel reports. The institutional investor owned 23,549 shares of the retailer’s stock after acquiring an additional 1,311 shares during the quarter. Quent Capital LLC’s holdings in Walmart were worth $1,898,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Syverson Strege & Co raised its holdings in shares of Walmart by 2.6% in the fourth quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock valued at $532,000 after acquiring an additional 85 shares in the last quarter. Pin Oak Investment Advisors Inc. increased its position in Walmart by 1.6% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 6,166 shares of the retailer’s stock valued at $975,000 after purchasing an additional 100 shares during the period. Pinnacle Holdings LLC raised its holdings in shares of Walmart by 0.9% in the 4th quarter. Pinnacle Holdings LLC now owns 11,560 shares of the retailer’s stock valued at $1,822,000 after purchasing an additional 108 shares in the last quarter. Trust Co of the South lifted its position in shares of Walmart by 0.5% in the 3rd quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after purchasing an additional 138 shares during the period. Finally, Power Corp of Canada boosted its stake in shares of Walmart by 0.5% during the fourth quarter. Power Corp of Canada now owns 30,005 shares of the retailer’s stock valued at $4,730,000 after purchasing an additional 139 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft boosted their price target on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Truist Financial raised Walmart from a “hold” rating to a “buy” rating and raised their price objective for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. Robert W. Baird boosted their target price on shares of Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Finally, Guggenheim raised their price target on shares of Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $81.62.

Walmart Stock Performance

WMT traded up $0.51 during trading on Friday, reaching $80.94. 11,591,388 shares of the company’s stock were exchanged, compared to its average volume of 17,396,678. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.60. The company’s fifty day simple moving average is $75.48 and its 200-day simple moving average is $68.16. The stock has a market capitalization of $650.62 billion, a P/E ratio of 34.64, a price-to-earnings-growth ratio of 4.03 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the company posted $0.61 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the sale, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the sale, the chief executive officer now owns 3,931,301 shares in the company, valued at $277,589,163.61. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,670 shares of company stock valued at $958,267,937 in the last quarter. 45.58% of the stock is currently owned by company insiders.

Walmart 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.