Walmart Inc. (NYSE:WMT) Shares Sold by Quad Cities Investment Group LLC

Quad Cities Investment Group LLC lessened its position in shares of Walmart Inc. (NYSE:WMT) by 7.1% in the 4th quarter, HoldingsChannel reports. The fund owned 27,935 shares of the retailer’s stock after selling 2,134 shares during the period. Walmart accounts for about 1.2% of Quad Cities Investment Group LLC’s portfolio, making the stock its 21st biggest holding. Quad Cities Investment Group LLC’s holdings in Walmart were worth $2,524,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brophy Wealth Management LLC acquired a new position in Walmart during the 3rd quarter worth approximately $2,072,000. Bank of New Hampshire boosted its holdings in shares of Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after buying an additional 5,786 shares in the last quarter. Iowa State Bank boosted its holdings in shares of Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after buying an additional 18,263 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after buying an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Walmart in the 3rd quarter valued at $541,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $90.79 on Wednesday. The company has a 50-day simple moving average of $90.70 and a 200-day simple moving average of $80.96. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $729.35 billion, a PE ratio of 37.26, a P/E/G ratio of 4.47 and a beta of 0.55. Walmart Inc. has a 52-week low of $53.44 and a 52-week high of $96.18.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter last year, the firm posted $0.51 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 138,347 shares of company stock worth $12,311,491. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WMT. Roth Mkm upped their target price on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Melius Research began coverage on shares of Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 target price for the company. KeyCorp upped their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Jefferies Financial Group increased their price target on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Sanford C. Bernstein increased their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $94.08.

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.