Quantinno Capital Management LP Acquires 73,966 Shares of Walmart Inc. (NYSE:WMT)

Quantinno Capital Management LP grew its position in shares of Walmart Inc. (NYSE:WMT) by 11.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 732,719 shares of the retailer’s stock after acquiring an additional 73,966 shares during the period. Walmart comprises about 0.7% of Quantinno Capital Management LP’s holdings, making the stock its 15th largest holding. Quantinno Capital Management LP’s holdings in Walmart were worth $66,201,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of WMT. Vanguard Group Inc. grew its holdings in shares of Walmart by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock worth $38,194,278,000 after purchasing an additional 2,050,683 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Walmart by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock valued at $8,167,186,000 after acquiring an additional 3,017,829 shares during the last quarter. Norges Bank purchased a new position in Walmart during the fourth quarter valued at approximately $5,737,355,000. Fisher Asset Management LLC boosted its stake in shares of Walmart by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock worth $4,408,452,000 after acquiring an additional 1,133,201 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock valued at $3,943,049,000 after buying an additional 3,550,037 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Trading Down 0.9%

WMT opened at $95.86 on Wednesday. The firm has a market capitalization of $766.97 billion, a price-to-earnings ratio of 39.78, a PEG ratio of 4.42 and a beta of 0.70. The company’s 50 day moving average price is $90.70 and its two-hundred day moving average price is $92.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a fifty-two week low of $59.44 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to analyst estimates 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 predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart’s dividend payout ratio (DPR) is 39.00%.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. This represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the sale, the chief executive officer now directly owns 3,558,247 shares of the company’s stock, valued at approximately $344,972,046.65. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 133,857 shares of company stock valued at $12,444,743. 45.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of recent research reports. Stifel Nicolaus lowered their price target on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Erste Group Bank downgraded shares of Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. The Goldman Sachs Group reiterated a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Royal Bank of Canada reissued an “outperform” rating and set a $102.00 price objective on shares of Walmart in a research report on Tuesday, May 6th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Walmart in a research report on Monday. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $103.94.

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.