Cohen Klingenstein LLC Has $4.61 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Cohen Klingenstein LLC decreased its stake in shares of Walmart Inc. (NYSE:WMT) by 57.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,000 shares of the retailer’s stock after selling 69,900 shares during the quarter. Cohen Klingenstein LLC’s holdings in Walmart were worth $4,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WMT. Dakota Community Bank & Trust NA lifted its stake in shares of Walmart by 4.0% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after buying an additional 110 shares during the last quarter. Kozak & Associates Inc. raised its holdings in Walmart by 22.3% in the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock valued at $56,000 after acquiring an additional 113 shares during the period. Summit Financial Wealth Advisors LLC lifted its position in Walmart by 0.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after acquiring an additional 118 shares during the last quarter. Lowe Wealth Advisors LLC boosted its holdings in shares of Walmart by 13.5% during the fourth quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock worth $92,000 after acquiring an additional 121 shares during the period. Finally, Providence Wealth Advisors LLC increased its stake in shares of Walmart by 0.3% during the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock worth $3,591,000 after purchasing an additional 122 shares during the period. 26.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WMT has been the topic of a number of research reports. Sanford C. Bernstein upped their price objective on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Wells Fargo & Company lifted their price objective on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Guggenheim raised their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. DZ Bank cut Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target for the company. in a research note on Thursday, November 21st. Finally, Oppenheimer raised their price objective on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $94.49.

Insider Activity at Walmart

In other news, Director Robert Edward Jr. Moritz acquired 5,446 shares of Walmart stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the transaction, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the transaction, the executive vice president now directly owns 566,794 shares in the company, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 140,177 shares of company stock valued at $12,478,149. 45.58% of the stock is owned by insiders.

Walmart Stock Up 0.8 %

Shares of NYSE WMT opened at $92.02 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The company has a 50-day moving average price of $91.15 and a 200-day moving average price of $81.27. The stock has a market capitalization of $739.19 billion, a P/E ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55. Walmart Inc. has a 1 year low of $53.44 and a 1 year high of $96.18.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate 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 previous year, the business earned $0.51 EPS. On average, equities research analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal year.

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.