Walmart Inc. (NYSE:WMT) is Delta Asset Management LLC TN’s 6th Largest Position

Delta Asset Management LLC TN lowered its holdings in Walmart Inc. (NYSE:WMT) by 3.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 520,694 shares of the retailer’s stock after selling 19,828 shares during the quarter. Walmart comprises approximately 4.2% of Delta Asset Management LLC TN’s portfolio, making the stock its 6th largest holding. Delta Asset Management LLC TN’s holdings in Walmart were worth $47,045,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in WMT. Coyle Financial Counsel LLC increased its stake in Walmart by 3.1% during the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after buying an additional 102 shares during the period. SC&H Financial Advisors Inc. increased its holdings in Walmart by 1.0% during the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after purchasing an additional 103 shares during the last quarter. Blackston Financial Advisory Group LLC raised its holdings in Walmart by 0.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock valued at $1,417,000 after acquiring an additional 106 shares in the last quarter. Van Strum & Towne Inc. increased its position in shares of Walmart by 1.6% in the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock worth $619,000 after purchasing an additional 108 shares during the last quarter. Finally, Scarborough Advisors LLC increased its holdings in Walmart by 2.0% in the fourth quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock valued at $505,000 after buying an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the sale, the executive vice president now owns 568,626 shares of the company’s stock, valued at $52,859,472.96. This trade represents a 2.26 % 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 Daniel J. Bartlett sold 1,600 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the sale, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,528 shares of company stock valued at $14,096,140. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Tuesday, February 25th. Barclays reaffirmed an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Citigroup restated a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. Oppenheimer increased their price target on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, KeyCorp boosted their price objective on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $103.17.

Walmart Stock Performance

WMT opened at $85.13 on Thursday. The business has a fifty day simple moving average of $94.87 and a 200-day simple moving average of $89.22. The firm has a market cap of $682.45 billion, a PE ratio of 35.32, a P/E/G ratio of 4.42 and a beta of 0.53. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. As a group, equities analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is 39.00%.

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.