Klingman & Associates LLC Boosts Stock Position in Walmart Inc. (NYSE:WMT)

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

A number of other large investors have also recently made changes to their positions in the stock. Prossimo Advisors LLC lifted its position in shares of Walmart by 12.0% during the 4th quarter. Prossimo Advisors LLC now owns 25,725 shares of the retailer’s stock valued at $2,324,000 after buying an additional 2,754 shares in the last quarter. Proactive Wealth Strategies LLC purchased a new position in shares of Walmart during the 4th quarter valued at about $1,484,000. Buckingham Capital Management Inc. lifted its position in shares of Walmart by 36.1% during the 4th quarter. Buckingham Capital Management Inc. now owns 4,523 shares of the retailer’s stock valued at $409,000 after buying an additional 1,200 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of Walmart by 3.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 290,726 shares of the retailer’s stock valued at $26,311,000 after buying an additional 9,794 shares in the last quarter. Finally, GAM Holding AG purchased a new position in Walmart in the 4th quarter worth approximately $2,040,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In related news, SVP David Chojnowski sold 5,600 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the transaction, the senior vice president now owns 87,404 shares in the company, valued at $7,993,095.80. The trade was a 6.02 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 in the last quarter. 45.58% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on WMT. JPMorgan Chase & Co. boosted their price target on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $105.00 price target on shares of Walmart in a report on Wednesday, January 15th. TD Cowen boosted their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. BMO Capital Markets boosted their price target on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, Roth Mkm boosted their price target on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.87.

Walmart Stock Performance

NYSE WMT opened at $103.73 on Wednesday. The business’s 50 day moving average price is $95.38 and its 200-day moving average price is $86.05. Walmart Inc. has a fifty-two week low of $57.60 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The company 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 (NYSE:WMT) last posted its quarterly earnings data 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 company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the business earned $0.51 EPS. Walmart’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts predict that Walmart Inc. will post 2.48 earnings per share for the current year.

About Walmart

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.