Concurrent Investment Advisors LLC Purchases 40,421 Shares of Walmart Inc. (NYSE:WMT)

Concurrent Investment Advisors LLC lifted its position in shares of Walmart Inc. (NYSE:WMT) by 13.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 336,886 shares of the retailer’s stock after purchasing an additional 40,421 shares during the period. Walmart comprises 0.8% of Concurrent Investment Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Concurrent Investment Advisors LLC’s holdings in Walmart were worth $30,438,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB lifted its stake in shares of Walmart by 0.4% in the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after acquiring an additional 18,644 shares during the period. Foundations Investment Advisors LLC lifted its stake in shares of Walmart by 18.9% in the third quarter. Foundations Investment Advisors LLC now owns 68,449 shares of the retailer’s stock worth $5,527,000 after acquiring an additional 10,869 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Walmart by 3.8% in the third quarter. Sequoia Financial Advisors LLC now owns 691,596 shares of the retailer’s stock worth $55,846,000 after acquiring an additional 25,386 shares during the period. Eastern Bank lifted its stake in shares of Walmart by 128.0% in the third quarter. Eastern Bank now owns 1,346,897 shares of the retailer’s stock worth $108,762,000 after acquiring an additional 756,064 shares during the period. Finally, Maripau Wealth Management LLC lifted its stake in shares of Walmart by 6.1% in the third quarter. Maripau Wealth Management LLC now owns 11,741 shares of the retailer’s stock worth $948,000 after acquiring an additional 674 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

NYSE:WMT opened at $103.90 on Thursday. The business’s 50-day moving average price is $95.56 and its two-hundred day moving average price is $86.17. Walmart Inc. has a twelve month low of $57.60 and a twelve month high of $105.30. The stock has a market cap of $834.69 billion, a P/E ratio of 42.64, a PEG ratio of 4.39 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating 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 analysts’ expectations of $167.69 billion. During the same quarter last year, the firm posted $0.51 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Insider Activity

In related news, Director Robert Edward Jr. Moritz purchased 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the transaction, the director now directly owns 7,805 shares in the company, valued at $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on WMT. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Barclays boosted their price target on Walmart from $98.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Morgan Stanley reissued an “overweight” rating and issued a $115.00 price target (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Sanford C. Bernstein boosted their price target on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, Piper Sandler boosted their price target on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.87.

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.