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

Concentric Wealth Management LLC lessened its holdings in Walmart Inc. (NYSE:WMT) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,294 shares of the retailer’s stock after selling 162 shares during the quarter. Concentric Wealth Management LLC’s holdings in Walmart were worth $508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. WFA Asset Management Corp raised its holdings in shares of Walmart by 201.0% in the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after purchasing an additional 1,397 shares during the period. Dupont Capital Management Corp increased its holdings in Walmart by 165.4% in the 1st quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock worth $16,255,000 after acquiring an additional 168,346 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Walmart in the 1st quarter valued at about $25,000. Captrust Financial Advisors lifted its holdings in Walmart by 156.9% during the first quarter. Captrust Financial Advisors now owns 968,579 shares of the retailer’s stock valued at $58,279,000 after purchasing an additional 591,611 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its position in Walmart by 180.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 93,833 shares of the retailer’s stock worth $5,646,000 after purchasing an additional 60,408 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Up 2.3 %

WMT opened at $90.44 on Monday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $90.91. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average price of $82.12 and a 200-day moving average price of $73.94. The stock has a market capitalization of $726.98 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 4.29 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. Equities research analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, August 16th. DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a research report on Thursday. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Robert W. Baird raised their target price on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Stifel Nicolaus upped their price target on Walmart from $85.00 to $89.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Two 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $91.88.

Insider Activity

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the sale, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total value of $232,440.00. Following the transaction, the executive vice president now owns 384,165 shares in the company, valued at $29,765,104.20. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,823,647 in the last quarter. 45.58% of the stock is currently owned by insiders.

Walmart 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.