Deltec Asset Management LLC Acquires 11,500 Shares of Walmart Inc. (NYSE:WMT)

Deltec Asset Management LLC increased its holdings in Walmart Inc. (NYSE:WMT) by 12.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,353 shares of the retailer’s stock after purchasing an additional 11,500 shares during the period. Walmart makes up 1.9% of Deltec Asset Management LLC’s investment portfolio, making the stock its 12th biggest holding. Deltec Asset Management LLC’s holdings in Walmart were worth $9,699,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of WMT. Fiduciary Advisors Inc. acquired a new position in Walmart during the 4th quarter worth $27,000. Peterson Financial Group Inc. acquired a new position in Walmart during the 3rd quarter worth $26,000. Decker Retirement Planning Inc. acquired a new position in Walmart during the 4th quarter worth $32,000. Voisard Asset Management Group Inc. lifted its position in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the last quarter. Finally, Hoese & Co LLP acquired a new position in Walmart during the 3rd quarter worth $33,000. 26.76% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on 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 directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were bought at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the purchase, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 175,177 shares of company stock valued at $16,403,728 over the last three months. 45.58% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Sanford C. Bernstein boosted their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. TD Cowen boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Wells Fargo & Company boosted their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday. Tigress Financial upped their price objective on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Guggenheim upped their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average target price of $96.01.

Walmart Price Performance

Shares of Walmart stock opened at $102.86 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $826.30 billion, a price-to-earnings ratio of 42.21, a P/E/G ratio of 4.49 and a beta of 0.55. Walmart Inc. has a 1-year low of $55.85 and a 1-year high of $103.02. The firm’s 50-day moving average price is $93.67 and its two-hundred day moving average price is $83.82.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. On average, equities analysts predict that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Walmart Company 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.