Conquis Financial LLC Takes Position in Walmart Inc. (NYSE:WMT)

Conquis Financial LLC bought a new position in Walmart Inc. (NYSE:WMT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,325 shares of the retailer’s stock, valued at approximately $120,000. Walmart comprises approximately 0.1% of Conquis Financial LLC’s investment portfolio, making the stock its 27th biggest position.

A number of other large investors have also recently added to or reduced their stakes in WMT. Norges Bank acquired a new stake in shares of Walmart in the fourth quarter valued at about $5,737,355,000. Raymond James Financial Inc. acquired a new stake in Walmart in the 4th quarter valued at approximately $2,306,627,000. Jennison Associates LLC grew its holdings in Walmart by 37.1% in the 4th quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer’s stock valued at $2,289,419,000 after buying an additional 6,860,189 shares during the last quarter. Bank of New York Mellon Corp increased its position in Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock worth $2,893,079,000 after buying an additional 3,927,173 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Walmart by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock worth $8,167,186,000 after buying an additional 3,017,829 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total transaction of $195,052.00. Following the completion of the sale, the executive vice president now owns 398,024 shares of the company’s stock, valued at approximately $35,288,807.84. The trade was a 0.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 178,852 shares of company stock worth $16,785,080. Company insiders own 45.58% of the company’s stock.

Walmart Stock Down 3.0 %

Shares of NYSE:WMT opened at $87.10 on Friday. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The company’s 50-day moving average price is $94.25 and its two-hundred day moving average price is $89.50. The firm has a market cap of $698.23 billion, a P/E ratio of 36.14, a P/E/G ratio of 4.42 and a beta of 0.53. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. As a group, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.08%. Walmart’s dividend payout ratio is currently 39.00%.

Analyst Ratings Changes

WMT has been the topic of a number of research reports. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Tuesday, February 25th. Wells Fargo & Company boosted their price objective on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Tigress Financial increased their target price on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Barclays reissued an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Finally, Guggenheim reiterated a “buy” rating and issued a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.17.

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.