Walmart Inc. (NYSE:WMT) Position Increased by Concentrum Wealth Management

Concentrum Wealth Management raised its position in shares of Walmart Inc. (NYSE:WMT) by 10.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,570 shares of the retailer’s stock after purchasing an additional 922 shares during the quarter. Concentrum Wealth Management’s holdings in Walmart were worth $865,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Cerity Partners LLC grew its holdings in shares of Walmart by 2.0% during the 4th quarter. Cerity Partners LLC now owns 1,767,365 shares of the retailer’s stock valued at $157,750,000 after acquiring an additional 33,846 shares in the last quarter. Polymer Capital Management HK LTD boosted its position in Walmart by 355.0% during the fourth quarter. Polymer Capital Management HK LTD now owns 44,364 shares of the retailer’s stock valued at $4,008,000 after purchasing an additional 34,614 shares during the last quarter. Waterloo Capital L.P. grew its stake in Walmart by 18.3% in the fourth quarter. Waterloo Capital L.P. now owns 304,843 shares of the retailer’s stock valued at $27,543,000 after purchasing an additional 47,140 shares in the last quarter. Titleist Asset Management LLC increased its position in Walmart by 12.9% in the 4th quarter. Titleist Asset Management LLC now owns 14,344 shares of the retailer’s stock worth $1,296,000 after purchasing an additional 1,637 shares during the last quarter. Finally, Darden Wealth Group Inc raised its stake in shares of Walmart by 15.7% during the 4th quarter. Darden Wealth Group Inc now owns 5,535 shares of the retailer’s stock worth $500,000 after purchasing an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of several recent research reports. Roth Mkm reissued a “buy” rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Guggenheim reissued a “buy” rating and issued a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Evercore ISI cut their price target on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. UBS Group reaffirmed a “buy” rating on shares of Walmart in a research note on Friday, February 28th. Finally, Wells Fargo & Company increased their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.17.

Walmart Stock Performance

Walmart stock opened at $83.09 on Monday. The stock has a 50-day simple moving average of $94.01 and a 200 day simple moving average of $89.67. The stock has a market capitalization of $666.12 billion, a price-to-earnings ratio of 34.48, a P/E/G ratio of 4.42 and a beta of 0.69. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. On average, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total transaction of $195,052.00. Following the transaction, the executive vice president now directly owns 398,024 shares in the company, valued at approximately $35,288,807.84. This represents a 0.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 178,852 shares of company stock worth $16,785,080 over the last 90 days. Insiders own 45.58% of the company’s stock.

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.