Walmart Inc. (NYSE:WMT) Shares Bought by Delos Wealth Advisors LLC

Delos Wealth Advisors LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 16.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,815 shares of the retailer’s stock after acquiring an additional 6,916 shares during the period. Walmart accounts for about 3.1% of Delos Wealth Advisors LLC’s portfolio, making the stock its 8th largest position. Delos Wealth Advisors LLC’s holdings in Walmart were worth $3,238,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Edge Capital Group LLC grew its position in Walmart by 3.2% in the 2nd quarter. Edge Capital Group LLC now owns 301,866 shares of the retailer’s stock valued at $20,439,000 after purchasing an additional 9,352 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Walmart by 18.4% in the second quarter. EverSource Wealth Advisors LLC now owns 72,345 shares of the retailer’s stock valued at $4,966,000 after buying an additional 11,268 shares in the last quarter. Fairscale Capital LLC acquired a new position in shares of Walmart during the second quarter valued at about $197,000. Epoch Investment Partners Inc. increased its position in shares of Walmart by 12.1% during the second quarter. Epoch Investment Partners Inc. now owns 2,754,829 shares of the retailer’s stock worth $186,529,000 after acquiring an additional 296,550 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in shares of Walmart by 141.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 3,126,001 shares of the retailer’s stock worth $211,662,000 after acquiring an additional 1,831,854 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. HSBC boosted their price objective on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. DA Davidson increased their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Walmart in a report on Friday, August 16th. Piper Sandler reiterated an “overweight” rating and issued a $83.00 target price (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. Finally, Wells Fargo & Company raised their price target on shares of Walmart from $75.00 to $81.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average target price of $78.99.

Walmart Stock Performance

NYSE WMT opened at $79.06 on Friday. The firm has a market cap of $635.92 billion, a P/E ratio of 33.79, a price-to-earnings-growth ratio of 4.03 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $73.44 and its 200-day moving average is $66.83. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $81.02.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) 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 business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the previous year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts predict that Walmart Inc. will post 2.44 earnings per share for the current year.

Insider Activity at Walmart

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.20, for a total transaction of $895,125.00. Following the completion of the sale, the executive vice president now owns 645,540 shares in the company, valued at $44,025,828. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,369,039 shares of company stock worth $959,826,083. 45.58% of the stock is owned by company insiders.

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.