L.M. Kohn & Company Cuts Holdings in Walmart Inc. (NYSE:WMT)

L.M. Kohn & Company lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,103 shares of the retailer’s stock after selling 3,055 shares during the period. Walmart comprises 0.7% of L.M. Kohn & Company’s investment portfolio, making the stock its 28th biggest position. L.M. Kohn & Company’s holdings in Walmart were worth $2,539,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Creative Planning boosted its position in Walmart by 4.9% during the third quarter. Creative Planning now owns 1,800,743 shares of the retailer’s stock worth $142,973,000 after acquiring an additional 83,376 shares during the last quarter. Swedbank AB boosted its position in Walmart by 0.4% during the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after acquiring an additional 18,644 shares during the last quarter. KMG Fiduciary Partners LLC boosted its position in Walmart by 3.3% during the third quarter. KMG Fiduciary Partners LLC now owns 19,235 shares of the retailer’s stock worth $1,553,000 after acquiring an additional 609 shares during the last quarter. Alta Wealth Advisors LLC boosted its position in Walmart by 10.1% during the third quarter. Alta Wealth Advisors LLC now owns 14,602 shares of the retailer’s stock worth $1,179,000 after acquiring an additional 1,339 shares during the last quarter. Finally, AA Financial Advisors LLC boosted its position in Walmart by 13.8% during the third quarter. AA Financial Advisors LLC now owns 11,833 shares of the retailer’s stock worth $956,000 after acquiring an additional 1,433 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the 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 sale, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of 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. In the last three months, insiders have sold 175,177 shares of company stock valued at $16,403,728. Insiders own 45.58% of the company’s stock.

Walmart Trading Down 1.0 %

Shares of NYSE:WMT opened at $104.04 on Monday. Walmart Inc. has a 52 week low of $55.99 and a 52 week high of $105.30. The company’s 50 day moving average is $94.99 and its two-hundred day moving average is $85.44. 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 company has a market cap of $835.78 billion, a PE ratio of 42.70, a P/E/G ratio of 4.25 and a beta of 0.55.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WMT shares. Wells Fargo & Company boosted their price target on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. KeyCorp boosted their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 target price (up from $106.00) on shares of Walmart in a report on Thursday. Barclays boosted their target price on shares of Walmart from $98.00 to $108.00 and gave the company an “overweight” rating in a report on Friday. Finally, Roth Mkm boosted their target price on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $100.53.

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.