Deltec Asset Management LLC Acquires 2,000 Shares of Walmart Inc. (NYSE:WMT)

Deltec Asset Management LLC grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,853 shares of the retailer’s stock after purchasing an additional 2,000 shares during the period. Walmart comprises 1.5% of Deltec Asset Management LLC’s holdings, making the stock its 18th largest holding. Deltec Asset Management LLC’s holdings in Walmart were worth $7,740,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Liberty Wealth Management LLC bought a new stake in shares of Walmart during the 1st quarter valued at $270,000. Commerce Bank increased its holdings in Walmart by 189.4% in the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after buying an additional 600,521 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in Walmart by 290.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after acquiring an additional 200,947 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Walmart by 189.4% in the first quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock worth $38,740,000 after acquiring an additional 421,366 shares during the last quarter. Finally, Sustainable Insight Capital Management LLC acquired a new stake in shares of Walmart in the 1st quarter valued at approximately $723,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the sale, the executive vice president now owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the sale, the executive vice president now directly owns 593,040 shares in the company, valued at $49,198,598.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the transaction, the executive vice president now owns 387,165 shares of the company’s stock, valued at $26,787,946.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,784,857 in the last 90 days. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock opened at $81.72 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The firm has a market cap of $656.89 billion, a price-to-earnings ratio of 42.56, a P/E/G ratio of 4.13 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $83.34. The firm’s 50-day simple moving average is $79.42 and its two-hundred day simple moving average is $70.78.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping 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 company 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. Walmart’s revenue was up 4.7% on a year-over-year basis. As a group, equities analysts forecast that Walmart Inc. will post 2.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on WMT shares. Morgan Stanley increased their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. Oppenheimer upped their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Melius Research initiated coverage on shares of Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 target price on the stock. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Finally, Stifel Nicolaus boosted their price objective on Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Buy” and an average price target of $83.83.

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.