Worldquant Millennium Quantitative Strategies LLC raised its stake in shares of Walmart Inc (NYSE:WMT) by 31.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 276,047 shares of the retailer’s stock after buying an additional 66,004 shares during the quarter. Worldquant Millennium Quantitative Strategies LLC’s holdings in Walmart were worth $25,714,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in WMT. Voleon Capital Management LP purchased a new position in shares of Walmart during the 4th quarter worth $30,740,000. Westover Capital Advisors LLC lifted its stake in shares of Walmart by 1.4% during the 4th quarter. Westover Capital Advisors LLC now owns 13,693 shares of the retailer’s stock worth $1,276,000 after purchasing an additional 190 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in shares of Walmart during the 4th quarter worth $6,708,000. Sontag Advisory LLC purchased a new position in shares of Walmart during the 4th quarter worth $101,000. Finally, Pensionmark Financial Group LLC purchased a new position in shares of Walmart during the 4th quarter worth $2,590,000. Hedge funds and other institutional investors own 28.94% of the company’s stock.

NYSE:WMT opened at $103.18 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.23 and a current ratio of 0.80. Walmart Inc has a 12 month low of $81.78 and a 12 month high of $106.21. The stock has a market capitalization of $305.66 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 4.75 and a beta of 0.34.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, February 19th. The retailer reported $1.41 EPS for the quarter, beating the consensus estimate of $1.33 by $0.08. Walmart had a return on equity of 18.60% and a net margin of 1.30%. The company had revenue of $137.74 billion for the quarter, compared to analyst estimates of $137.63 billion. During the same period last year, the company posted $1.33 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc will post 4.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 10th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.05%. The ex-dividend date is Thursday, May 9th. Walmart’s dividend payout ratio (DPR) is presently 43.18%.

In other Walmart news, major shareholder Alice L. Walton sold 1,855,869 shares of the firm’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $99.56, for a total value of $184,770,317.64. Following the transaction, the insider now directly owns 15,557,224 shares of the company’s stock, valued at $1,548,877,221.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Chojnowski sold 2,000 shares of the firm’s stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $97.17, for a total value of $194,340.00. The disclosure for this sale can be found here. Insiders sold 14,240,978 shares of company stock worth $1,406,078,670 over the last three months. 51.11% of the stock is currently owned by corporate insiders.

Several brokerages recently weighed in on WMT. Zacks Investment Research lowered Walmart from a “buy” rating to a “hold” rating in a research report on Saturday, January 19th. Buckingham Research began coverage on Walmart in a research report on Thursday, February 7th. They issued a “neutral” rating and a $96.73 target price on the stock. KeyCorp increased their target price on Walmart from $112.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 20th. Citigroup increased their target price on Walmart from $116.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, February 21st. Finally, Morgan Stanley raised Walmart from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $107.00 to $110.00 in a research report on Wednesday, January 23rd. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $105.82.

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Walmart Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

See Also: Cost of equity and a company’s balance sheet

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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