Concentrum Wealth Management Acquires 922 Shares of Walmart Inc. (NYSE:WMT)

Concentrum Wealth Management lifted its holdings in Walmart Inc. (NYSE:WMT) by 10.7% in the 4th quarter, according to its most recent 13F filing with the SEC. 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 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FPC Investment Advisory Inc. bought a new stake in shares of Walmart in the fourth quarter valued at about $25,000. Horizon Financial Services LLC lifted its stake in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after acquiring an additional 262 shares in the last quarter. Fiduciary Advisors Inc. acquired a new position in Walmart during the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart during the fourth quarter worth $37,000. 26.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WMT has been the topic of several analyst reports. Robert W. Baird boosted their price target on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Royal Bank of Canada dropped their target price on Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. The Goldman Sachs Group reissued a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. UBS Group reiterated a “buy” rating on shares of Walmart in a research note on Friday, February 28th. Finally, Roth Mkm reissued a “buy” rating and issued a $108.00 price objective (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.17.

Insiders Place Their Bets

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the transaction, the chief executive officer now owns 3,972,517 shares of the company’s stock, valued at $340,166,630.71. This represents a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 178,852 shares of company stock valued at $16,785,080. 45.58% of the stock is currently owned by corporate insiders.

Walmart Price Performance

Shares of NYSE:WMT opened at $83.09 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $666.12 billion, a PE ratio of 34.48, a PEG ratio of 4.42 and a beta of 0.69. The firm has a 50 day moving average of $94.01 and a 200-day moving average of $89.67. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30.

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

Walmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is presently 39.00%.

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.