Walmart Inc (NYSE:WMT) Shares Sold by Delta Asset Management LLC TN

Delta Asset Management LLC TN trimmed its stake in shares of Walmart Inc (NYSE:WMT) by 0.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 154,354 shares of the retailer’s stock after selling 295 shares during the quarter. Walmart comprises 2.4% of Delta Asset Management LLC TN’s investment portfolio, making the stock its 17th biggest holding. Delta Asset Management LLC TN’s holdings in Walmart were worth $17,055,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Clarfeld Financial Advisors LLC acquired a new stake in Walmart during the 4th quarter worth approximately $25,000. C J Advisory Inc acquired a new stake in Walmart during the 1st quarter worth approximately $29,000. Mcmillion Capital Management Inc. acquired a new stake in Walmart during the 2nd quarter worth approximately $34,000. Financial Gravity Wealth Inc. acquired a new stake in Walmart during the 1st quarter worth approximately $35,000. Finally, Lipe & Dalton acquired a new stake in Walmart during the 2nd quarter worth approximately $41,000. 30.04% of the stock is owned by institutional investors.

In related news, insider Daniel J. Bartlett sold 3,000 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $109.14, for a total value of $327,420.00. Following the completion of the transaction, the insider now directly owns 122,673 shares of the company’s stock, valued at approximately $13,388,531.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director S Robson Walton sold 1,322,329 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $102.04, for a total value of $134,930,451.16. Following the completion of the transaction, the director now directly owns 3,347,511 shares of the company’s stock, valued at $341,580,022.44. The disclosure for this sale can be found here. Insiders sold a total of 5,559,285 shares of company stock valued at $571,021,654 over the last three months. Corporate insiders own 50.22% of the company’s stock.

Several research firms have recently commented on WMT. KeyCorp raised their price target on Walmart from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, June 24th. UBS Group raised their price target on Walmart from $105.00 to $107.00 and gave the company a “neutral” rating in a report on Friday, May 17th. Bank of America set a $120.00 price target on Walmart and gave the company a “buy” rating in a report on Friday, May 17th. Sanford C. Bernstein raised Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price target for the company in a report on Thursday, May 2nd. Finally, Morgan Stanley raised their price target on Walmart from $113.00 to $115.00 and gave the company an “overweight” rating in a report on Monday, June 17th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $109.56.

NYSE:WMT opened at $107.27 on Wednesday. The company has a market capitalization of $312.31 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 4.78 and a beta of 0.41. The company’s 50 day moving average is $111.83. Walmart Inc has a 52 week low of $85.78 and a 52 week high of $115.49. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.77 and a quick ratio of 0.21.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.11. The company had revenue of $122.95 billion during the quarter, compared to analyst estimates of $124.51 billion. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The business’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 earnings per share. On average, sell-side analysts forecast that Walmart Inc will post 4.84 EPS for the current fiscal year.

Walmart Company Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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