Concord Asset Management LLC VA Sells 16,604 Shares of Walmart Inc. (NYSE:WMT)

Concord Asset Management LLC VA decreased its position in Walmart Inc. (NYSE:WMT - Free Report) by 40.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,516 shares of the retailer's stock after selling 16,604 shares during the period. Concord Asset Management LLC VA's holdings in Walmart were worth $2,328,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Whelan Financial raised its position in shares of Walmart by 2.3% in the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after buying an additional 97 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its position in Walmart by 1.7% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock worth $538,000 after purchasing an additional 98 shares during the last quarter. Scott & Selber Inc. increased its position in Walmart by 3.7% during the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock worth $256,000 after purchasing an additional 105 shares during the last quarter. Capital Advisors Wealth Management LLC increased its position in Walmart by 1.4% during the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock worth $684,000 after purchasing an additional 105 shares during the last quarter. Finally, Planning Center Inc. increased its position in Walmart by 1.8% during the first quarter. Planning Center Inc. now owns 6,018 shares of the retailer's stock worth $528,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada reiterated an "outperform" rating and set a $103.00 price objective (up from $102.00) on shares of Walmart in a research note on Monday, June 9th. KeyCorp upped their target price on shares of Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Wall Street Zen upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Citigroup restated a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Finally, Robert W. Baird upped their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of "Moderate Buy" and an average price target of $106.67.

Walmart Price Performance

Shares of WMT traded down $0.36 during mid-day trading on Tuesday, hitting $95.42. The company's stock had a trading volume of 10,436,778 shares, compared to its average volume of 18,119,129. The firm has a 50-day moving average price of $97.03 and a 200 day moving average price of $94.55. The stock has a market capitalization of $761.49 billion, a price-to-earnings ratio of 40.78, a PEG ratio of 4.61 and a beta of 0.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same period last year, the company posted $0.60 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. On average, research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart's dividend payout ratio (DPR) is 40.17%.

Insiders Place Their Bets

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $95.24, for a total value of $380,960.00. Following the completion of the sale, the executive vice president directly owned 1,060,455 shares of the company's stock, valued at $100,997,734.20. This represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $97.19, for a total transaction of $1,887,041.04. Following the completion of the sale, the chief executive officer directly owned 4,431,783 shares of the company's stock, valued at $430,724,989.77. This trade represents a 0.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,951 shares of company stock valued at $13,543,436 over the last ninety days. Insiders own 45.58% of the company's stock.

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.