Coerente Capital Management Has $922,000 Holdings in Walmart Inc. (NYSE:WMT)

Coerente Capital Management reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 8.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,200 shares of the retailer’s stock after selling 900 shares during the quarter. Walmart comprises 0.2% of Coerente Capital Management’s portfolio, making the stock its 28th biggest holding. Coerente Capital Management’s holdings in Walmart were worth $922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in WMT. Peterson Financial Group Inc. acquired a new stake in Walmart in the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. bought a new position in shares of Walmart in the fourth quarter valued at approximately $27,000. Voisard Asset Management Group Inc. lifted its stake in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in Walmart in the 4th quarter valued at $32,000. Finally, Hoese & Co LLP bought a new position in Walmart in the 3rd quarter worth $33,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $97.97 on Monday. The business’s fifty day moving average is $93.07 and its two-hundred day moving average is $83.19. 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 firm has a market cap of $787.00 billion, a P/E ratio of 40.20, a P/E/G ratio of 4.46 and a beta of 0.55. Walmart Inc. has a 52 week low of $55.04 and a 52 week high of $99.00.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping 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 firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s revenue was up 5.5% on a year-over-year basis. Equities research analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on WMT. Jefferies Financial Group upped their price target on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. TD Cowen increased their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. UBS Group lifted their price target on Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday. Barclays increased their price objective on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Finally, Morgan Stanley boosted their target price on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $95.11.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were 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 directly owns 87,404 shares in the company, valued at approximately $7,993,095.80. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 137,177 shares of company stock worth $12,649,328 in the last quarter. Insiders own 45.58% of the company’s stock.

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.