Concentric Wealth Management LLC Cuts Stake in Walmart Inc. (NYSE:WMT)

Concentric Wealth Management LLC lessened its stake in Walmart Inc. (NYSE:WMT) by 2.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EntryPoint Capital LLC bought a new stake in shares of Walmart in the first quarter worth about $25,000. Peterson Financial Group Inc. bought a new position in shares of Walmart during the 3rd quarter valued at approximately $26,000. TruNorth Capital Management LLC grew its holdings in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new stake in Walmart in the second quarter worth $29,000. Finally, FSA Wealth Management LLC lifted its position in Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after purchasing an additional 377 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. This represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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 sale, the insider now directly owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,823,647 in the last three months. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $90.44 on Monday. The firm has a market capitalization of $726.98 billion, a P/E ratio of 37.12, a PEG ratio of 4.29 and a beta of 0.51. The stock has a 50-day simple moving average of $82.12 and a two-hundred day simple moving average of $73.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $90.91.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WMT shares. JPMorgan Chase & Co. increased their price target on shares of Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Bank of America boosted their target price on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group raised their price target on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Wells Fargo & Company boosted their price objective on shares of Walmart from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Finally, Evercore ISI raised their target price on shares of Walmart from $66.00 to $89.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. 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’s stock. Based on data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average price target of $91.88.

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.