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

Delta Asset Management LLC TN grew its holdings in Walmart Inc. (NYSE:WMT) by 0.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 190,757 shares of the retailer’s stock after purchasing an additional 884 shares during the quarter. Walmart comprises 3.0% of Delta Asset Management LLC TN’s portfolio, making the stock its 10th biggest holding. Delta Asset Management LLC TN’s holdings in Walmart were worth $29,983,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in WMT. Signature Wealth Management Group increased its stake in Walmart by 1.9% during the 2nd quarter. Signature Wealth Management Group now owns 3,436 shares of the retailer’s stock worth $540,000 after acquiring an additional 65 shares during the period. Carmel Capital Partners LLC grew its holdings in shares of Walmart by 3.7% during the 2nd quarter. Carmel Capital Partners LLC now owns 1,818 shares of the retailer’s stock worth $286,000 after purchasing an additional 65 shares in the last quarter. Verdence Capital Advisors LLC increased its position in shares of Walmart by 1.1% in the second quarter. Verdence Capital Advisors LLC now owns 5,976 shares of the retailer’s stock worth $939,000 after purchasing an additional 65 shares during the period. RB Capital Management LLC raised its stake in Walmart by 0.7% in the second quarter. RB Capital Management LLC now owns 9,770 shares of the retailer’s stock valued at $1,536,000 after purchasing an additional 65 shares in the last quarter. Finally, Worth Asset Management LLC lifted its position in Walmart by 11.3% during the second quarter. Worth Asset Management LLC now owns 659 shares of the retailer’s stock worth $104,000 after purchasing an additional 67 shares during the period. 33.18% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 1,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $159.50, for a total transaction of $159,500.00. Following the transaction, the executive vice president now owns 168,735 shares of the company’s stock, valued at approximately $26,913,232.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Walmart news, EVP John R. Furner sold 4,375 shares of the firm’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $162.00, for a total value of $708,750.00. Following the transaction, the executive vice president now directly owns 269,119 shares of the company’s stock, valued at $43,597,278. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 1,000 shares of Walmart stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $159.50, for a total value of $159,500.00. Following the transaction, the executive vice president now owns 168,735 shares of the company’s stock, valued at approximately $26,913,232.50. The disclosure for this sale can be found here. Insiders have sold a total of 31,166 shares of company stock valued at $5,066,701 over the last ninety days. 46.51% of the stock is owned by corporate insiders.

Walmart Trading Up 0.2 %

Shares of WMT traded up $0.32 during trading hours on Monday, hitting $155.67. 2,037,524 shares of the stock were exchanged, compared to its average volume of 5,969,133. Walmart Inc. has a fifty-two week low of $136.09 and a fifty-two week high of $169.94. The business has a 50-day moving average of $162.21 and a 200-day moving average of $157.87. The firm has a market capitalization of $419.00 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 3.23 and a beta of 0.53. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.85 and a quick ratio of 0.26.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, November 16th. The retailer reported $1.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.53. Walmart had a return on equity of 21.20% and a net margin of 2.55%. The firm had revenue of $160.80 billion during the quarter, compared to the consensus estimate of $159.65 billion. During the same period last year, the business posted $1.50 EPS. The business’s revenue was up 5.2% compared to the same quarter last year. On average, research analysts expect that Walmart Inc. will post 6.44 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Stephens raised their target price on shares of Walmart from $185.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, November 13th. Telsey Advisory Group restated an “outperform” rating and set a $185.00 price objective on shares of Walmart in a research report on Friday. Raymond James raised their target price on Walmart from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, August 18th. Bank of America lifted their price target on Walmart from $175.00 to $190.00 in a research note on Wednesday, August 9th. Finally, Wells Fargo & Company upped their price objective on Walmart from $175.00 to $180.00 and gave the stock an “overweight” rating in a research report on Friday, August 18th. Four analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $179.00.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.