Delap Wealth Advisory LLC Acquires 939 Shares of Walmart Inc. (NYSE:WMT)

Delap Wealth Advisory LLC increased its holdings in Walmart Inc. (NYSE:WMT) by 5.9% during the 4th quarter, Holdings Channel reports. The firm owned 16,973 shares of the retailer’s stock after buying an additional 939 shares during the period. Walmart makes up approximately 0.9% of Delap Wealth Advisory LLC’s investment portfolio, making the stock its 27th biggest position. Delap Wealth Advisory LLC’s holdings in Walmart were worth $1,533,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Jennison Associates LLC boosted its position in Walmart by 479.6% during the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after acquiring an additional 15,290,936 shares in the last quarter. FMR LLC boosted its position in Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after acquiring an additional 7,200,004 shares in the last quarter. Geode Capital Management LLC boosted its position in Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after acquiring an additional 2,786,061 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Walmart by 53.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,820,606 shares of the retailer’s stock valued at $470,014,000 after purchasing an additional 2,018,271 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Trading Down 2.6 %

Shares of Walmart stock opened at $94.70 on Friday. The company has a market capitalization of $760.77 billion, a P/E ratio of 39.30, a P/E/G ratio of 4.42 and a beta of 0.55. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a fifty day moving average of $95.63 and a 200 day moving average of $86.57. Walmart Inc. has a fifty-two week low of $57.77 and a fifty-two week high of $105.30.

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

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is currently 34.44%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Tigress Financial lifted their target price on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. KeyCorp lifted their target price on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday. Robert W. Baird boosted their price objective on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Morgan Stanley restated an “overweight” rating and issued a $115.00 price objective (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. Finally, Piper Sandler boosted their price objective on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.43.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 176,777 shares of company stock worth $16,570,112 in the last 90 days. 45.58% of the stock is currently owned by corporate 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.