Delos Wealth Advisors LLC Buys 1,346 Shares of Walmart Inc. (NYSE:WMT)

Delos Wealth Advisors LLC increased its stake in shares of Walmart Inc. (NYSE:WMT) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,505 shares of the retailer’s stock after purchasing an additional 1,346 shares during the quarter. Walmart accounts for 3.7% of Delos Wealth Advisors LLC’s holdings, making the stock its 7th largest holding. Delos Wealth Advisors LLC’s holdings in Walmart were worth $4,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of WMT. FPC Investment Advisory Inc. acquired a new stake in Walmart during the fourth quarter worth approximately $25,000. Horizon Financial Services LLC grew its stake in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after buying an additional 262 shares during the last quarter. Fiduciary Advisors Inc. acquired a new position in Walmart during the fourth quarter worth approximately $27,000. Decker Retirement Planning Inc. purchased a new stake in Walmart in the fourth quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. This represents a 0.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 of the company’s stock, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,528 shares of company stock valued at $14,096,140 in the last quarter. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on WMT. Roth Mkm restated a “buy” rating and issued a $108.00 price objective (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Barclays reaffirmed an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Truist Financial raised their target price on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Oppenheimer upped their price target on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, Piper Sandler raised their price target on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $103.17.

Walmart Trading Down 0.6 %

NYSE WMT opened at $85.08 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The firm has a market capitalization of $682.04 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 4.42 and a beta of 0.53. The company’s 50 day moving average price is $94.62 and its 200 day moving average price is $89.32.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. On average, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. Walmart’s payout ratio is 39.00%.

About Walmart

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.