Klingman & Associates LLC Raises Holdings in Walmart Inc. (NYSE:WMT)

Klingman & Associates LLC grew its position in Walmart Inc. (NYSE:WMT) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,159 shares of the retailer’s stock after buying an additional 262 shares during the quarter. Klingman & Associates LLC’s holdings in Walmart were worth $828,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Peterson Financial Group Inc. purchased a new stake in shares of Walmart during the 3rd quarter worth $26,000. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart during the 4th quarter worth $27,000. Voisard Asset Management Group Inc. lifted its stake in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart during the 4th quarter worth $32,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Walmart during the 3rd quarter worth $36,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Down 0.3 %

Shares of WMT stock opened at $103.73 on Wednesday. The stock has a 50 day moving average of $95.38 and a 200 day moving average of $86.05. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock has a market cap of $833.31 billion, a P/E ratio of 42.57, a P/E/G ratio of 4.30 and a beta of 0.55. Walmart Inc. has a twelve month low of $57.60 and a twelve month high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the company earned $0.51 earnings per share. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts expect that Walmart Inc. will post 2.48 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WMT. Oppenheimer upped their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Robert W. Baird upped their price objective on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday. Wells Fargo & Company upped their target price on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Piper Sandler upped their target price on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $101.87.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 175,177 shares of company stock valued at $16,403,728. Company insiders own 45.58% of the company’s stock.

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.