Delos Wealth Advisors LLC Sells 323 Shares of Walmart Inc. (NYSE:WMT)

Delos Wealth Advisors LLC cut its holdings in Walmart Inc. (NYSE:WMT) by 3.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,078 shares of the retailer’s stock after selling 323 shares during the quarter. Walmart makes up approximately 2.3% of Delos Wealth Advisors LLC’s investment portfolio, making the stock its 14th biggest position. Delos Wealth Advisors LLC’s holdings in Walmart were worth $1,589,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Authentikos Wealth Advisory LLC bought a new stake in shares of Walmart in the 3rd quarter worth $25,000. Signature Resources Capital Management LLC bought a new stake in Walmart in the 4th quarter worth about $35,000. Kepos Capital LP purchased a new position in Walmart in the 3rd quarter worth about $40,000. Milestone Investment Advisors LLC bought a new position in Walmart during the 3rd quarter valued at about $41,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of Walmart during the 4th quarter valued at about $45,000. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 5,970,066 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $58.27, for a total value of $347,895,646.04. Following the completion of the sale, the insider now directly owns 671,082,588 shares in the company, valued at $39,106,219,344.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director S Robson Walton sold 5,816,175 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $57.95, for a total value of $337,066,728.50. Following the sale, the director now directly owns 677,052,654 shares of the company’s stock, valued at approximately $39,237,458,141.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 5,970,066 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $58.27, for a total transaction of $347,895,646.04. Following the transaction, the insider now owns 671,082,588 shares of the company’s stock, valued at $39,106,219,344.72. The disclosure for this sale can be found here. In the last three months, insiders sold 29,019,140 shares of company stock valued at $1,696,045,631. Insiders own 46.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 21st. Oppenheimer dropped their price target on Walmart to $67.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. JPMorgan Chase & Co. upped their price objective on Walmart from $54.33 to $58.67 and gave the company a “neutral” rating in a research report on Monday, February 19th. Telsey Advisory Group reissued an “outperform” rating and issued a $68.00 target price on shares of Walmart in a research report on Wednesday, March 27th. Finally, Evercore ISI cut their price target on Walmart from $67.00 to $66.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.94.

Walmart Trading Up 0.2 %

NYSE WMT traded up $0.15 during trading hours on Thursday, hitting $60.45. 14,549,570 shares of the company were exchanged, compared to its average volume of 18,339,270. The stock has a market cap of $487.11 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 3.91 and a beta of 0.49. The company has a quick ratio of 0.24, a current ratio of 0.83 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $60.10 and a 200 day moving average price of $56.15. Walmart Inc. has a 52 week low of $48.34 and a 52 week high of $61.65.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The company had revenue of $173.40 billion during the quarter, compared to the consensus estimate of $170.85 billion. During the same period last year, the company earned $0.57 earnings per share. Walmart’s revenue was up 5.7% on a year-over-year basis. Analysts forecast that Walmart Inc. will post 2.36 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be given a dividend of $0.2075 per share. The ex-dividend date is Friday, December 13th. This represents a $0.83 annualized dividend and a dividend yield of 1.37%. Walmart’s dividend payout ratio (DPR) is presently 43.38%.

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.