Concurrent Investment Advisors LLC Grows Stake in Walmart Inc. (NYSE:WMT)

Concurrent Investment Advisors LLC grew its position in Walmart Inc. (NYSE:WMT - Free Report) by 8.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 366,361 shares of the retailer's stock after purchasing an additional 29,475 shares during the quarter. Walmart comprises approximately 0.8% of Concurrent Investment Advisors LLC's investment portfolio, making the stock its 18th biggest holding. Concurrent Investment Advisors LLC's holdings in Walmart were worth $32,163,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Seascape Capital Management lifted its stake in shares of Walmart by 14.7% during the first quarter. Seascape Capital Management now owns 4,735 shares of the retailer's stock worth $416,000 after buying an additional 608 shares during the period. World Investment Advisors lifted its stake in shares of Walmart by 5.1% during the first quarter. World Investment Advisors now owns 285,291 shares of the retailer's stock worth $25,046,000 after buying an additional 13,776 shares during the period. Olde Wealth Management LLC acquired a new stake in shares of Walmart during the first quarter worth $103,000. Capital Investment Advisory Services LLC lifted its stake in shares of Walmart by 2.7% during the first quarter. Capital Investment Advisory Services LLC now owns 52,252 shares of the retailer's stock worth $4,587,000 after buying an additional 1,394 shares during the period. Finally, Brookstone Capital Management lifted its stake in shares of Walmart by 0.3% during the first quarter. Brookstone Capital Management now owns 249,194 shares of the retailer's stock worth $21,877,000 after buying an additional 862 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $94.77, for a total transaction of $166,795.20. Following the completion of the sale, the executive vice president owned 650,977 shares of the company's stock, valued at approximately $61,693,090.29. This represents a 0.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the sale, the executive vice president directly owned 628,318 shares of the company's stock, valued at approximately $61,851,623.92. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 142,711 shares of company stock worth $13,710,319 in the last 90 days. 45.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WMT has been the subject of several research reports. DA Davidson reiterated a "buy" rating and set a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. Telsey Advisory Group restated an "outperform" rating and set a $115.00 target price on shares of Walmart in a research report on Monday, June 9th. Tigress Financial boosted their target price on shares of Walmart from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Wednesday. UBS Group decreased their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Oppenheimer boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $106.67.

Walmart Stock Up 0.7%

WMT opened at $98.29 on Friday. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $97.14 and a 200 day moving average price of $94.35. The company has a market cap of $784.40 billion, a PE ratio of 42.00, a price-to-earnings-growth ratio of 4.73 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share 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 firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The company's revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were paid a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio is presently 40.17%.

Walmart Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.