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

Quad Cities Investment Group LLC lifted its position in shares of Walmart Inc. (NYSE:WMTFree Report) by 190.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,012 shares of the retailer’s stock after acquiring an additional 20,348 shares during the quarter. Walmart accounts for approximately 1.1% of Quad Cities Investment Group LLC’s portfolio, making the stock its 24th largest holding. Quad Cities Investment Group LLC’s holdings in Walmart were worth $1,866,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Northwest Capital Management Inc lifted its stake in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the period. Partnership Wealth Management LLC acquired a new stake in shares of Walmart during the 4th quarter valued at approximately $30,000. Able Wealth Management LLC acquired a new stake in shares of Walmart during the 4th quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Walmart during the 4th quarter worth approximately $32,000. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of Walmart in the 4th quarter worth approximately $35,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on WMT. Telsey Advisory Group boosted their target price on Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, June 10th. Evercore ISI boosted their price objective on shares of Walmart from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. BMO Capital Markets raised their target price on shares of Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Citigroup upped their price target on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Barclays lifted their price objective on Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.97.

Read Our Latest Stock Report on WMT

Insider Transactions at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $60.81, for a total transaction of $798,131.25. Following the sale, the executive vice president now directly owns 645,517 shares in the company, valued at approximately $39,253,888.77. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s 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 completion of the sale, the executive vice president now owns 524,613 shares in the company, valued at approximately $31,613,179.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $60.81, for a total value of $798,131.25. Following the completion of the transaction, the executive vice president now directly owns 645,517 shares in the company, valued at $39,253,888.77. The disclosure for this sale can be found here. Insiders sold 14,493,971 shares of company stock valued at $950,549,592 over the last quarter. Company insiders own 45.58% of the company’s stock.

Walmart Trading Down 2.1 %

Shares of NYSE:WMT traded down $1.48 during trading on Tuesday, reaching $67.42. 20,857,830 shares of the stock were exchanged, compared to its average volume of 18,155,238. The firm’s 50-day moving average price is $63.41 and its 200 day moving average price is $58.92. The firm has a market cap of $542.30 billion, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 3.92 and a beta of 0.51. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $69.04. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80.

Walmart (NYSE:WMTGet Free Report) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

About Walmart

(Free Report)

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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