Concord Wealth Partners Buys 21,194 Shares of Walmart Inc. (NYSE:WMT)

Concord Wealth Partners lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 96.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,210 shares of the retailer’s stock after purchasing an additional 21,194 shares during the quarter. Concord Wealth Partners’ holdings in Walmart were worth $3,904,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in shares of Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after acquiring an additional 2,786,061 shares during the last quarter. FMR LLC raised its position in Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after purchasing an additional 7,200,004 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Walmart by 3.7% during the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock worth $3,392,658,000 after purchasing an additional 1,480,927 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Walmart by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock valued at $2,522,369,000 after buying an additional 350,881 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Down 0.7 %

NYSE:WMT opened at $97.97 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart Inc. has a one year low of $55.04 and a one year high of $99.00. The company has a market cap of $787.00 billion, a PE ratio of 40.20, a PEG ratio of 4.46 and a beta of 0.55. The firm has a 50-day moving average of $93.07 and a 200-day moving average of $83.19.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the previous year, the company posted $0.51 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts expect that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Analyst Ratings Changes

WMT has been the topic of several recent research reports. Evercore ISI lifted their target price on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. DZ Bank cut shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective on the stock. in a research note on Thursday, November 21st. Wells Fargo & Company raised their target price on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. Guggenheim upped their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, UBS Group raised their price objective on Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.11.

Insider Activity at Walmart

In other news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was purchased at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. This represents a 230.86 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the transaction, the executive vice president now directly owns 568,626 shares in the company, valued at approximately $52,859,472.96. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 137,177 shares of company stock valued at $12,649,328. 45.58% of the stock is 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.