Walmart Inc. (NYSE:WMT) Shares Sold by Cohen Klingenstein LLC

Cohen Klingenstein LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 57.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,000 shares of the retailer's stock after selling 69,900 shares during the period. Cohen Klingenstein LLC's holdings in Walmart were worth $4,608,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. AE Wealth Management LLC grew its stake in shares of Walmart by 36.6% in the 2nd quarter. AE Wealth Management LLC now owns 211,257 shares of the retailer's stock valued at $14,304,000 after buying an additional 56,658 shares during the period. Pacer Advisors Inc. grew its position in Walmart by 3.2% in the second quarter. Pacer Advisors Inc. now owns 383,412 shares of the retailer's stock worth $25,961,000 after acquiring an additional 11,816 shares during the period. Garden State Investment Advisory Services LLC increased its stake in Walmart by 15.9% during the second quarter. Garden State Investment Advisory Services LLC now owns 7,644 shares of the retailer's stock worth $518,000 after acquiring an additional 1,047 shares during the last quarter. Sei Investments Co. increased its stake in Walmart by 19.3% during the second quarter. Sei Investments Co. now owns 1,541,659 shares of the retailer's stock worth $104,388,000 after acquiring an additional 249,232 shares during the last quarter. Finally, Chesapeake Wealth Management lifted its stake in shares of Walmart by 5.5% in the 2nd quarter. Chesapeake Wealth Management now owns 25,795 shares of the retailer's stock valued at $1,747,000 after purchasing an additional 1,349 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the sale, the executive vice president now owns 566,794 shares of the company's stock, valued at approximately $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,177 shares of company stock worth $12,478,149. 45.58% of the stock is owned by insiders.

Walmart Stock Performance

WMT stock traded up $0.72 during trading on Friday, hitting $92.02. The company had a trading volume of 15,705,502 shares, compared to its average volume of 14,296,278. The firm has a 50-day moving average price of $91.15 and a 200-day moving average price of $81.37. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market cap of $739.19 billion, a PE ratio of 37.76, a price-to-earnings-growth 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 - Get Free Report) last released its 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts expect that Walmart Inc. will post 2.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WMT. Citigroup raised their price objective on Walmart from $75.00 to $98.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. KeyCorp lifted their price objective on Walmart from $96.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. UBS Group increased their target price on Walmart from $92.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. DZ Bank downgraded Walmart from a "buy" rating to a "hold" rating and set a $91.00 target price for the company. in a research report on Thursday, November 21st. Finally, BMO Capital Markets increased their price target on shares of Walmart from $80.00 to $100.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $94.49.

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.