Klingman & Associates LLC Has $502,000 Stake in Walmart Inc. (NYSE:WMT)

Klingman & Associates LLC increased its stake in Walmart Inc. (NYSE:WMTFree Report) by 216.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,349 shares of the retailer’s stock after purchasing an additional 5,711 shares during the period. Klingman & Associates LLC’s holdings in Walmart were worth $502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Harbour Investments Inc. lifted its position in Walmart by 5.5% during the 3rd quarter. Harbour Investments Inc. now owns 10,956 shares of the retailer’s stock worth $1,752,000 after buying an additional 572 shares in the last quarter. Orion Capital Management LLC bought a new stake in Walmart during the third quarter worth about $50,000. Creative Planning boosted its position in Walmart by 5.8% during the third quarter. Creative Planning now owns 494,961 shares of the retailer’s stock valued at $79,159,000 after purchasing an additional 27,254 shares during the last quarter. Integrated Advisors Network LLC grew its stake in Walmart by 8.2% in the third quarter. Integrated Advisors Network LLC now owns 19,583 shares of the retailer’s stock valued at $3,132,000 after purchasing an additional 1,484 shares in the last quarter. Finally, Spartan Planning & Wealth Management acquired a new position in shares of Walmart during the 3rd quarter worth approximately $71,000. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Walmart from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $66.00 to $81.00 in a report on Monday, June 10th. Oppenheimer boosted their price objective on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. TD Cowen raised their target price on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Telsey Advisory Group lifted their price target on Walmart from $70.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, June 10th. Finally, Stifel Nicolaus upped their price objective on Walmart from $69.00 to $71.00 and gave the company a “hold” rating in a research note on Tuesday, July 2nd. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.47.

Read Our Latest Analysis on WMT

Walmart Stock Performance

Shares of WMT stock opened at $70.04 on Monday. The firm has a 50 day moving average of $64.93 and a 200-day moving average of $60.01. The company has a market cap of $563.37 billion, a price-to-earnings ratio of 29.97, a price-to-earnings-growth ratio of 4.04 and a beta of 0.50. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $70.15.

Walmart (NYSE:WMTGet Free Report) last posted its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same period last year, the company posted $0.49 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts forecast that Walmart Inc. will post 2.43 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 25,578 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the completion of the sale, the executive vice president now owns 390,165 shares in the company, valued at $26,367,350.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP John D. Rainey sold 25,578 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the sale, the executive vice president now owns 390,165 shares in the company, valued at approximately $26,367,350.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David Chojnowski sold 8,791 shares of Walmart stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the transaction, the senior vice president now owns 94,415 shares of the company’s stock, valued at approximately $6,420,220. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,525,340 shares of company stock valued at $953,023,399. 45.58% of the stock is owned by company insiders.

Walmart Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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