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

Concurrent Investment Advisors LLC increased its position in Walmart Inc. (NYSE:WMT) by 13.6% in the fourth quarter, HoldingsChannel reports. The firm owned 336,886 shares of the retailer’s stock after purchasing an additional 40,421 shares during the quarter. Walmart accounts for approximately 0.8% of Concurrent Investment Advisors LLC’s holdings, making the stock its 23rd biggest holding. Concurrent Investment Advisors LLC’s holdings in Walmart were worth $30,438,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jennison Associates LLC raised its stake in Walmart by 479.6% during the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after buying an additional 15,290,936 shares during the last quarter. FMR LLC raised its stake in Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after buying an additional 7,200,004 shares during the last quarter. International Assets Investment Management LLC raised its stake in Walmart by 8,814.4% during the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock valued at $562,280,000 after buying an additional 6,885,106 shares during the last quarter. Geode Capital Management LLC raised its stake in Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after buying an additional 2,786,061 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in 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 buying an additional 2,107,197 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on WMT shares. Wells Fargo & Company boosted their price target on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Citigroup boosted their price target on Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Evercore ISI boosted their price target on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Morgan Stanley restated an “overweight” rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. boosted their price target on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average target price of $101.87.

Insider Activity

In related news, EVP John D. Rainey sold 38,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the transaction, the chief executive officer now owns 3,766,491 shares in the company, valued at $348,852,396.42. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is currently owned by insiders.

Walmart Trading Up 0.1 %

WMT opened at $103.90 on Thursday. The stock has a market cap of $834.69 billion, a price-to-earnings ratio of 42.64, a P/E/G ratio of 4.39 and a beta of 0.55. The stock’s 50 day moving average price is $95.56 and its 200-day moving average price is $86.17. Walmart Inc. has a one year low of $57.60 and a one year high of $105.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, equities analysts forecast that Walmart Inc. will post 2.48 EPS for the current year.

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.