Deltec Asset Management LLC Boosts Holdings in Walmart Inc. (NYSE:WMT)

Deltec Asset Management LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 371.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,366 shares of the retailer’s stock after buying an additional 45,994 shares during the quarter. Deltec Asset Management LLC’s holdings in Walmart were worth $3,512,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwest Capital Management Inc grew its holdings in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the period. Partnership Wealth Management LLC purchased a new stake in shares of Walmart during the 4th quarter worth about $30,000. Able Wealth Management LLC purchased a new stake in shares of Walmart during the 4th quarter worth about $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Walmart during the 4th quarter worth about $32,000. Finally, Signature Resources Capital Management LLC purchased a new stake in shares of Walmart during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. UBS Group boosted their target price on Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Morgan Stanley upped their price target on Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. The Goldman Sachs Group upped their price target on Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Roth Mkm upped their price target on Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Finally, Oppenheimer upped their price target on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.41.

Walmart Stock Performance

WMT stock opened at $67.48 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The firm has a market cap of $542.78 billion, a P/E ratio of 28.88, a P/E/G ratio of 3.91 and a beta of 0.50. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $69.04. The stock’s 50 day simple moving average is $64.07 and its 200 day simple moving average is $59.41.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.49 EPS. As a group, equities research analysts predict that Walmart Inc. will post 2.42 EPS for the current year.

Insider Activity at Walmart

In related news, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the sale, the director now directly owns 144,807 shares of the company’s stock, valued at approximately $9,386,389.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the completion of the transaction, the director now directly owns 144,807 shares in the company, valued at approximately $9,386,389.74. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the transaction, the insider now owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,499,762 shares of company stock valued at $951,294,838. Corporate insiders own 45.58% of the company’s stock.

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.