Quadrature Capital Ltd Sells 132,307 Shares of Walmart Inc. (NYSE:WMT)

Quadrature Capital Ltd decreased its stake in shares of Walmart Inc. (NYSE:WMT) by 40.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 198,821 shares of the retailer’s stock after selling 132,307 shares during the period. Quadrature Capital Ltd’s holdings in Walmart were worth $16,056,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Fisher Asset Management LLC boosted its stake in shares of Walmart by 4.6% during 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 purchasing an additional 2,107,197 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Walmart by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock worth $2,522,369,000 after acquiring an additional 350,881 shares in the last quarter. Oxbow Advisors LLC boosted its stake in Walmart by 45.0% during the third quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock worth $2,298,000 after acquiring an additional 8,834 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Walmart by 21.9% during the third quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock worth $47,400,000 after acquiring an additional 105,430 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Walmart by 14.9% during the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after acquiring an additional 809,352 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 1.0 %

Shares of WMT stock opened at $94.45 on Thursday. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $94.51. The stock has a market cap of $759.21 billion, a P/E ratio of 38.76, a P/E/G ratio of 4.44 and a beta of 0.54. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56. The company has a 50 day simple moving average of $84.11 and a two-hundred day simple moving average of $75.57.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 earnings per share. On average, research analysts expect that Walmart Inc. will post 2.47 earnings per share for the current year.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $92.47, for a total value of $277,410.00. Following the completion of the transaction, the executive vice president now directly owns 375,165 shares in the company, valued at $34,691,507.55. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,300,460 shares of company stock worth $570,820,065 over the last three months. 45.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

WMT has been the topic of several research reports. Bank of America boosted their price objective on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group boosted their price objective on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. TD Cowen lifted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Melius Research assumed 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. Finally, Oppenheimer lifted their target price on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $92.11.

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.