Delap Wealth Advisory LLC Has $1.53 Million Holdings in Walmart Inc. (NYSE:WMT)

Delap Wealth Advisory LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,973 shares of the retailer’s stock after acquiring an additional 939 shares during the period. Walmart accounts for 0.9% of Delap Wealth Advisory LLC’s holdings, making the stock its 27th largest position. Delap Wealth Advisory LLC’s holdings in Walmart were worth $1,533,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Swedbank AB raised its position in Walmart by 0.4% during the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after purchasing an additional 18,644 shares in the last quarter. Silver Oak Securities Incorporated raised its position in Walmart by 18.7% during the third quarter. Silver Oak Securities Incorporated now owns 34,666 shares of the retailer’s stock valued at $2,763,000 after purchasing an additional 5,461 shares in the last quarter. Freedom Day Solutions LLC raised its position in Walmart by 3.5% during the third quarter. Freedom Day Solutions LLC now owns 42,257 shares of the retailer’s stock valued at $3,412,000 after purchasing an additional 1,439 shares in the last quarter. Garrison Point Advisors LLC grew its stake in shares of Walmart by 3.7% during the third quarter. Garrison Point Advisors LLC now owns 8,369 shares of the retailer’s stock worth $676,000 after buying an additional 301 shares during the last quarter. Finally, Ballentine Partners LLC grew its stake in shares of Walmart by 0.5% during the third quarter. Ballentine Partners LLC now owns 78,648 shares of the retailer’s stock worth $6,351,000 after buying an additional 372 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Down 2.6 %

WMT opened at $94.70 on Friday. Walmart Inc. has a 12 month low of $57.77 and a 12 month high of $105.30. The company has a 50 day moving average of $95.63 and a 200 day moving average of $86.57. The company has a market cap of $760.77 billion, a PE ratio of 39.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

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 for the quarter, compared to the consensus estimate of $178.83 billion. On average, sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Roth Mkm reaffirmed a “buy” rating and set a $108.00 target price (up previously from $97.00) on shares of Walmart in a research note on Friday. Robert W. Baird boosted their target price on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Barclays boosted their target price on shares of Walmart from $98.00 to $108.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Oppenheimer boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, BMO Capital Markets boosted their price objective on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.43.

Insider Activity

In related news, Director Robert Edward Jr. Moritz acquired 5,446 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the purchase, the director now owns 7,805 shares of the company’s stock, valued at $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 176,777 shares of company stock valued at $16,570,112. 45.58% of the stock is currently owned by insiders.

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.