Qtron Investments LLC Sells 849 Shares of Walmart Inc. $WMT

by · The Markets Daily

Qtron Investments LLC lessened its stake in shares of Walmart Inc. (NYSE:WMT – Free Report) by 1.6% during the 1st quarter, Holdings Channel reports. The fund owned 52,068 shares of the retailer’s stock after selling 849 shares during the period. Walmart comprises approximately 0.7% of Qtron Investments LLC’s holdings, making the stock its 23rd largest position. Qtron Investments LLC’s holdings in Walmart were worth $4,571,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. Full Sail Capital LLC raised its position in Walmart by 6.6% in the fourth quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer’s stock valued at $786,000 after purchasing an additional 541 shares during the period. Leslie Global Wealth LLC grew its stake in shares of Walmart by 22.0% during the fourth quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer’s stock worth $285,000 after purchasing an additional 568 shares in the last quarter. Monument Capital Management grew its stake in shares of Walmart by 94.2% during the first quarter. Monument Capital Management now owns 55,004 shares of the retailer’s stock worth $4,829,000 after purchasing an additional 26,685 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Walmart by 11.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 7,959,752 shares of the retailer’s stock worth $698,787,000 after purchasing an additional 838,689 shares in the last quarter. Finally, Milestone Asset Management LLC boosted its stake in Walmart by 156.7% in the first quarter. Milestone Asset Management LLC now owns 54,659 shares of the retailer’s stock valued at $4,799,000 after acquiring an additional 33,370 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Walmart from $112.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Erste Group Bank raised shares of Walmart from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Evercore ISI raised their price target on shares of Walmart from $107.00 to $108.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. KeyCorp raised their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, June 9th. Finally, Robert W. Baird increased their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. One investment analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $109.29.

Get Our Latest Report on WMT

Insider Buying and Selling

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total value of $1,258,031.25. Following the completion of the transaction, the executive vice president owned 945,434 shares of the company’s stock, valued at $90,619,848.90. The trade was a 1.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 28,000 shares of Walmart stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total value of $2,716,000.00. Following the completion of the transaction, the executive vice president directly owned 1,064,455 shares of the company’s stock, valued at approximately $103,252,135. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,334 shares of company stock worth $13,526,350 in the last 90 days. 0.10% of the stock is owned by company insiders.

Walmart Trading Down 0.9%

WMT opened at $99.96 on Monday. The stock has a market cap of $797.72 billion, a PE ratio of 42.72, a PEG ratio of 4.80 and a beta of 0.66. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average of $97.60 and a 200-day moving average of $95.56. Walmart Inc. has a 52 week low of $72.52 and a 52 week high of $105.30.

Walmart (NYSE:WMT – Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. During the same quarter in the previous year, the business earned $0.60 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be given a $0.235 dividend. This represents a dividend yield of 90.0%. The ex-dividend date of this dividend is Friday, August 15th. Walmart’s payout ratio is currently 40.17%.

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.

Further Reading

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