Walmart Inc. (NYSE:WMT) Shares Sold by Delap Wealth Advisory LLC

Delap Wealth Advisory LLC decreased its position in shares of Walmart Inc. (NYSE:WMT) by 52.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,798 shares of the retailer’s stock after selling 19,262 shares during the period. Walmart accounts for approximately 0.6% of Delap Wealth Advisory LLC’s portfolio, making the stock its 27th biggest holding. Delap Wealth Advisory LLC’s holdings in Walmart were worth $1,205,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Landmark Financial Advisors LLC lifted its position in Walmart by 1.0% during the 4th quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock worth $1,112,000 after acquiring an additional 70 shares in the last quarter. Syverson Strege & Co grew its holdings in Walmart by 2.6% during the 4th quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock valued at $532,000 after purchasing an additional 85 shares in the last quarter. Amussen Hunsaker Associates LLC increased its stake in Walmart by 0.5% during the 4th quarter. Amussen Hunsaker Associates LLC now owns 15,979 shares of the retailer’s stock worth $2,519,000 after buying an additional 86 shares during the period. Per Stirling Capital Management LLC. lifted its holdings in Walmart by 2.6% in the 4th quarter. Per Stirling Capital Management LLC. now owns 4,009 shares of the retailer’s stock worth $632,000 after buying an additional 100 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. boosted its position in Walmart by 1.6% in the 4th quarter. Pin Oak Investment Advisors Inc. now owns 6,166 shares of the retailer’s stock valued at $975,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 1.3 %

Walmart stock opened at $79.06 on Friday. The firm has a market capitalization of $635.92 billion, a P/E ratio of 33.79, a P/E/G ratio of 4.03 and a beta of 0.51. The company has a 50-day simple moving average of $73.44 and a 200-day simple moving average of $66.83. Walmart Inc. has a one year low of $49.85 and a one year high of $81.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 earnings per share. As a group, equities analysts expect that Walmart Inc. will post 2.44 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on WMT. Evercore ISI boosted their price target on Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Guggenheim upped their target price on Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Roth Mkm raised their price target on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Oppenheimer lifted their price target on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Finally, StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.99.

Insider Activity at Walmart

In other news, major shareholder S Robson Walton sold 359,616 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $78.25, for a total value of $28,139,952.00. Following the completion of the transaction, the insider now owns 603,989,702 shares of the company’s stock, valued at $47,262,194,181.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the transaction, the executive vice president now owns 390,165 shares in the company, valued at $26,367,350.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder S Robson Walton sold 359,616 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $78.25, for a total value of $28,139,952.00. Following the completion of the sale, the insider now owns 603,989,702 shares of the company’s stock, valued at $47,262,194,181.50. The disclosure for this sale can be found here. Insiders have sold a total of 12,369,039 shares of company stock worth $959,826,083 in the last three months. 45.58% of the stock is owned by company insiders.

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.