Quent Capital LLC Buys 100 Shares of Walmart Inc. (NYSE:WMT)

Quent Capital LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 1.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,509 shares of the retailer’s stock after buying an additional 100 shares during the quarter. Quent Capital LLC’s holdings in Walmart were worth $1,023,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. GW Henssler & Associates Ltd. grew its holdings in shares of Walmart by 0.8% during the 1st quarter. GW Henssler & Associates Ltd. now owns 126,558 shares of the retailer’s stock worth $18,661,000 after purchasing an additional 1,004 shares in the last quarter. Wiley BROS. Aintree Capital LLC grew its holdings in shares of Walmart by 0.8% during the 1st quarter. Wiley BROS. Aintree Capital LLC now owns 11,803 shares of the retailer’s stock worth $1,740,000 after purchasing an additional 94 shares in the last quarter. ZWJ Investment Counsel Inc. grew its holdings in shares of Walmart by 7.3% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 4,737 shares of the retailer’s stock worth $699,000 after purchasing an additional 323 shares in the last quarter. Lodestar Private Asset Management LLC grew its holdings in shares of Walmart by 6.2% during the 1st quarter. Lodestar Private Asset Management LLC now owns 3,873 shares of the retailer’s stock worth $571,000 after purchasing an additional 226 shares in the last quarter. Finally, BOS Asset Management LLC acquired a new stake in shares of Walmart during the 4th quarter worth approximately $503,000. Institutional investors and hedge funds own 33.18% of the company’s stock.

Walmart Trading Down 0.4 %

NYSE:WMT opened at $164.64 on Friday. Walmart Inc. has a 1-year low of $128.07 and a 1-year high of $165.85. The business’s 50-day moving average price is $159.34 and its two-hundred day moving average price is $152.61. The company has a current ratio of 0.83, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $443.14 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 3.90 and a beta of 0.49.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 17th. The retailer reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.15. Walmart had a return on equity of 21.47% and a net margin of 2.23%. The firm had revenue of $161.63 billion for the quarter, compared to analyst estimates of $160.22 billion. During the same quarter in the prior year, the firm posted $1.77 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts expect that Walmart Inc. will post 6.44 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Citigroup lifted their price objective on Walmart from $174.00 to $180.00 and gave the stock a “buy” rating in a report on Monday, August 21st. Stifel Nicolaus boosted their price target on Walmart from $163.00 to $167.00 and gave the company a “hold” rating in a research note on Monday, August 14th. Bank of America boosted their price target on Walmart from $175.00 to $190.00 in a research note on Wednesday, August 9th. Truist Financial boosted their price target on Walmart from $166.00 to $168.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Finally, UBS Group boosted their price target on Walmart from $173.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, August 18th. Four analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.51.

Insiders Place Their Bets

In other Walmart news, major shareholder Alice L. Walton sold 473,370 shares of the stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $155.75, for a total value of $73,727,377.50. Following the completion of the sale, the insider now directly owns 241,479,146 shares in the company, valued at $37,610,376,989.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 473,370 shares of the stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $155.75, for a total value of $73,727,377.50. Following the completion of the sale, the insider now directly owns 241,479,146 shares in the company, valued at $37,610,376,989.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $155.04, for a total value of $1,505,128.32. Following the completion of the sale, the chief executive officer now owns 1,490,621 shares of the company’s stock, valued at $231,105,879.84. The disclosure for this sale can be found here. Insiders sold 6,493,773 shares of company stock worth $1,005,802,298 over the last ninety days. 46.51% of the stock is currently owned by corporate insiders.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.