Concord Asset Management LLC VA Acquires 5,547 Shares of Walmart Inc. (NYSE:WMT)

Concord Asset Management LLC VA boosted its holdings in Walmart Inc. (NYSE:WMT) by 37.6% in the third quarter, Holdings Channel reports. The firm owned 20,300 shares of the retailer’s stock after purchasing an additional 5,547 shares during the quarter. Concord Asset Management LLC VA’s holdings in Walmart were worth $1,639,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new position in shares of Walmart in the 1st quarter valued at about $25,000. Peterson Financial Group Inc. acquired a new position in Walmart during the third quarter valued at approximately $26,000. TruNorth Capital Management LLC grew its stake in 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. acquired a new position in shares of Walmart during the 2nd quarter worth approximately $29,000. Finally, FSA Wealth Management LLC raised its stake in shares of Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after purchasing an additional 377 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Down 0.3 %

Shares of NYSE:WMT opened at $84.25 on Friday. The business’s 50 day simple moving average is $81.29 and its 200 day simple moving average is $72.88. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $85.79. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The company has a market capitalization of $677.22 billion, a P/E ratio of 43.80, a P/E/G ratio of 4.21 and a beta of 0.51.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the prior year, the company posted $0.61 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. On average, research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the transaction, the chief executive officer now directly owns 3,873,053 shares in the company, valued at $312,322,993.92. The trade was a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were 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 approximately $47,245,498,149.60. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,823,647 over the last quarter. 45.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent analyst reports. UBS Group boosted their target price on shares of Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, October 11th. Bank of America boosted their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Sanford C. Bernstein began coverage on Walmart in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 price target on the stock. Finally, Tigress Financial raised their price objective on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Walmart presently has a consensus rating of “Buy” and an average target price of $85.18.

Walmart Company 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.