Concentric Wealth Management LLC Raises Holdings in Walmart Inc. (NYSE:WMT)

Concentric Wealth Management LLC increased its holdings in Walmart Inc. (NYSE:WMTFree Report) by 10.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,355 shares of the retailer’s stock after buying an additional 214 shares during the period. Concentric Wealth Management LLC’s holdings in Walmart were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of WMT. Partnership Wealth Management LLC bought a new stake in Walmart during the fourth quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Walmart in the 4th quarter valued at about $32,000. Signature Resources Capital Management LLC bought a new stake in shares of Walmart in the 4th quarter valued at about $35,000. Tidemark LLC purchased a new position in shares of Walmart in the 4th quarter worth approximately $37,000. Finally, Kepos Capital LP bought a new position in shares of Walmart during the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

WMT stock traded down $0.44 during midday trading on Wednesday, hitting $66.29. 11,699,117 shares of the stock traded hands, compared to its average volume of 18,369,117. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $67.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The stock’s fifty day simple moving average is $62.18 and its 200-day simple moving average is $57.99. The firm has a market cap of $533.21 billion, a P/E ratio of 28.37, a PEG ratio of 3.86 and a beta of 0.52.

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

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $60.26, for a total transaction of $180,780.00. Following the completion of the transaction, the executive vice president now directly owns 524,613 shares of the company’s stock, valued at approximately $31,613,179.38. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the sale, the chief executive officer now directly owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $60.26, for a total value of $180,780.00. Following the sale, the executive vice president now owns 524,613 shares of the company’s stock, valued at $31,613,179.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 13,581,499 shares of company stock valued at $887,782,195. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on WMT. Roth Mkm raised their target price on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, May 17th. TD Cowen boosted their target price on Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Stifel Nicolaus increased their price target on Walmart from $65.00 to $69.00 and gave the company a “hold” rating in a research note on Friday, May 17th. Robert W. Baird raised their price target on Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Finally, Evercore ISI upped their price objective on shares of Walmart from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Three investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.69.

Read Our Latest Research Report on Walmart

About Walmart

(Free Report)

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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