Cohen Klingenstein LLC Raises Position in Walmart Inc. (NYSE:WMT)

Cohen Klingenstein LLC boosted its position in shares of Walmart Inc. (NYSE:WMT) by 200.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,900 shares of the retailer’s stock after buying an additional 80,600 shares during the period. Cohen Klingenstein LLC’s holdings in Walmart were worth $7,275,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in WMT. Seven Mile Advisory grew its stake in Walmart by 1.6% during the 3rd quarter. Seven Mile Advisory now owns 3,953 shares of the retailer’s stock valued at $632,000 after acquiring an additional 61 shares in the last quarter. Flynn Zito Capital Management LLC boosted its holdings in shares of Walmart by 3.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after purchasing an additional 61 shares during the last quarter. ICW Investment Advisors LLC grew its position in shares of Walmart by 0.4% in the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after purchasing an additional 62 shares in the last quarter. Bill Few Associates Inc. increased its holdings in shares of Walmart by 1.1% in the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after purchasing an additional 64 shares during the last quarter. Finally, Gateway Advisory LLC lifted its position in Walmart by 4.1% during the third quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock worth $263,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $60.81, for a total transaction of $798,131.25. Following the completion of the transaction, the executive vice president now owns 645,517 shares in the company, valued at approximately $39,253,888.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $60.45, for a total transaction of $1,760,545.80. Following the sale, the chief executive officer now owns 4,047,767 shares of the company’s stock, valued at approximately $244,687,515.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $60.81, for a total transaction of $798,131.25. Following the completion of the transaction, the executive vice president now owns 645,517 shares in the company, valued at $39,253,888.77. The disclosure for this sale can be found here. Insiders have sold a total of 14,493,971 shares of company stock valued at $950,549,592 over the last 90 days. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Up 1.5 %

Shares of NYSE WMT traded up $0.99 during mid-day trading on Monday, hitting $68.90. The company had a trading volume of 12,421,807 shares, compared to its average volume of 18,132,594. The company has a market capitalization of $554.20 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52. The business’s 50-day simple moving average is $63.41 and its 200 day simple moving average is $58.92. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $69.04. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. Walmart’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.49 EPS. On average, analysts predict that Walmart Inc. will post 2.42 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on WMT. Royal Bank of Canada upped their target price on Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. TD Cowen upped their price objective on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Jefferies Financial Group lifted their target price on shares of Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. HSBC increased their price target on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Finally, Tigress Financial lifted their price target on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.97.

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.