Walmart Inc. (NYSE:WMT) Shares Sold by Delta Asset Management LLC TN

Delta Asset Management LLC TN cut its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 520,694 shares of the retailer's stock after selling 19,828 shares during the period. Walmart makes up 4.2% of Delta Asset Management LLC TN's holdings, making the stock its 6th biggest holding. Delta Asset Management LLC TN's holdings in Walmart were worth $47,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its position in Walmart by 14.9% in the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer's stock valued at $503,517,000 after buying an additional 809,352 shares during the period. Quantbot Technologies LP acquired a new position in Walmart during the 3rd quarter worth $270,000. Cadence Bank grew its stake in Walmart by 0.3% during the 3rd quarter. Cadence Bank now owns 181,868 shares of the retailer's stock worth $14,686,000 after purchasing an additional 467 shares in the last quarter. Hardy Reed LLC raised its position in Walmart by 23.8% in the 3rd quarter. Hardy Reed LLC now owns 12,657 shares of the retailer's stock valued at $1,022,000 after purchasing an additional 2,436 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Walmart by 21.7% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 561,000 shares of the retailer's stock valued at $45,301,000 after buying an additional 100,000 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

WMT has been the topic of several analyst reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 target price (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. JPMorgan Chase & Co. increased their target price on Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a report on Monday, February 10th. KeyCorp upped their price objective on Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Evercore ISI cut their target price on Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Finally, Stifel Nicolaus lowered their price target on Walmart from $99.00 to $93.00 and set a "hold" rating for the company in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Walmart has an average rating of "Moderate Buy" and an average price target of $103.17.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the sale, the executive vice president now directly owns 423,597 shares of the company's stock, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the transaction, the chief executive officer now directly owns 3,766,491 shares of the company's stock, valued at approximately $348,852,396.42. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,528 shares of company stock worth $14,096,140 over the last three months. 45.58% of the stock is currently owned by corporate insiders.

Walmart Price Performance

Shares of Walmart stock traded down $0.55 on Friday, hitting $85.08. The company's stock had a trading volume of 14,780,407 shares, compared to its average volume of 16,910,594. The company has a market capitalization of $682.04 billion, a P/E ratio of 35.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The firm has a fifty day moving average price of $94.62 and a 200-day moving average price of $89.32. 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 - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. On average, equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.10%. Walmart's dividend payout ratio (DPR) is 39.00%.

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.