Walmart Inc. (NYSE:WMT) Shares Bought by Deltec Asset Management LLC

Deltec Asset Management LLC grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 12.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,353 shares of the retailer’s stock after acquiring an additional 11,500 shares during the period. Walmart comprises about 1.9% of Deltec Asset Management LLC’s investment portfolio, making the stock its 12th biggest holding. Deltec Asset Management LLC’s holdings in Walmart were worth $9,699,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new position in Walmart in the third quarter worth about $26,000. Fiduciary Advisors Inc. acquired a new position in Walmart in the fourth quarter worth about $27,000. Voisard Asset Management Group Inc. grew its stake in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in Walmart in the fourth quarter worth about $32,000. Finally, Hoese & Co LLP acquired a new position in Walmart in the third quarter worth about $33,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on WMT shares. Evercore ISI lifted their price target on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. BMO Capital Markets lifted their price target on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Morgan Stanley lifted their target price on Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. KeyCorp lifted their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company lifted their target price on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.01.

Insider Activity

In other news, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the transaction, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. The trade was a 12.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the stock in a transaction dated Wednesday, November 27th. The shares were bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the acquisition, the director now owns 7,805 shares in the company, valued at $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 175,177 shares of company stock worth $16,403,728 in the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.4 %

NYSE WMT opened at $102.86 on Friday. Walmart Inc. has a twelve month low of $55.85 and a twelve month high of $103.02. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The stock has a market cap of $826.30 billion, a price-to-earnings ratio of 42.21, a PEG ratio of 4.49 and a beta of 0.55. The firm’s 50 day moving average price is $93.67 and its two-hundred day moving average price is $83.82.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the previous year, the company posted $0.51 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Walmart Inc. will post 2.48 EPS for the current year.

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.