Walmart Inc. (NYSE:WMT) Holdings Decreased by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. reduced its position in shares of Walmart Inc. (NYSE:WMT) by 80.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,817 shares of the retailer’s stock after selling 39,555 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Walmart were worth $665,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Aveo Capital Partners LLC increased its position in Walmart by 4.8% in the fourth quarter. Aveo Capital Partners LLC now owns 4,330 shares of the retailer’s stock worth $683,000 after buying an additional 197 shares during the period. 9258 Wealth Management LLC boosted its stake in Walmart by 1.8% during the 4th quarter. 9258 Wealth Management LLC now owns 12,972 shares of the retailer’s stock valued at $2,045,000 after purchasing an additional 235 shares during the period. TFG Advisers LLC grew its position in Walmart by 5.1% in the 4th quarter. TFG Advisers LLC now owns 2,791 shares of the retailer’s stock worth $440,000 after purchasing an additional 136 shares during the last quarter. KBC Group NV raised its holdings in shares of Walmart by 32.0% during the fourth quarter. KBC Group NV now owns 357,367 shares of the retailer’s stock valued at $56,338,000 after buying an additional 86,634 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Walmart by 3.7% during the fourth quarter. Jones Financial Companies Lllp now owns 13,185 shares of the retailer’s stock worth $2,079,000 after buying an additional 474 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WMT has been the topic of several recent analyst reports. Melius Research initiated coverage on Walmart in a research note on Monday, September 23rd. They set a “buy” rating and a $95.00 target price on the stock. Oppenheimer raised their target price on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. Jefferies Financial Group increased their price objective on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. BMO Capital Markets reissued an “outperform” rating and set a $80.00 target price on shares of Walmart in a report on Friday, August 16th. Finally, Redburn Atlantic raised Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $80.96.

Insider Activity at Walmart

In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the sale, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,292,421 shares of company stock valued at $954,612,818. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

WMT opened at $79.78 on Monday. The stock has a fifty day moving average price of $74.44 and a 200 day moving average price of $67.57. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.60. The stock has a market cap of $641.29 billion, a price-to-earnings ratio of 34.14, a PEG ratio of 4.00 and a beta of 0.51.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. Analysts forecast that Walmart Inc. will post 2.44 EPS for the current fiscal year.

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.