Walmart Inc. (NYSE:WMT) Shares Sold by Delta Financial Advisors LLC

Delta Financial Advisors LLC cut its position in shares of Walmart Inc. (NYSE:WMT) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,795 shares of the retailer’s stock after selling 438 shares during the period. Walmart makes up 1.6% of Delta Financial Advisors LLC’s holdings, making the stock its 15th biggest holding. Delta Financial Advisors LLC’s holdings in Walmart were worth $4,344,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new stake in Walmart in the 1st quarter valued at about $25,000. TruNorth Capital Management LLC increased its position in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new stake in shares of Walmart in the 2nd quarter valued at approximately $29,000. FSA Wealth Management LLC lifted its holdings in shares of Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after acquiring an additional 377 shares during the last quarter. Finally, Kozak & Associates Inc. boosted its position in shares of Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock worth $32,000 after purchasing an additional 344 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the sale, the insider now owns 619,646,544 shares of the company’s stock, valued at approximately $47,687,998,026.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the sale, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the sale, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,337,337 shares of company stock worth $958,823,647. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $84.83 on Monday. The stock has a market cap of $681.88 billion, a P/E ratio of 44.18, a P/E/G ratio of 4.25 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $85.54. The stock has a 50 day moving average of $80.53 and a two-hundred day moving average of $72.10. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same period last year, the firm posted $0.61 EPS. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on WMT shares. Piper Sandler restated an “overweight” rating and set a $83.00 price target (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. KeyCorp increased their price target on shares of Walmart from $87.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday. Citigroup lifted their price objective on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Royal Bank of Canada increased their target price on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Jefferies Financial Group boosted their price target on shares of Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $83.92.

Walmart Company 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.