Teachers Retirement System of The State of Kentucky Sells 4,085 Shares of Walmart Inc. (NYSE:WMT)

Teachers Retirement System of The State of Kentucky decreased its position in Walmart Inc. (NYSE:WMTFree Report) by 3.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 122,213 shares of the retailer’s stock after selling 4,085 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Walmart were worth $19,267,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Partnership Wealth Management LLC bought a new stake in Walmart during the 4th quarter worth about $30,000. Able Wealth Management LLC bought a new stake in Walmart during the 4th quarter worth about $30,000. Vermillion & White Wealth Management Group LLC bought a new stake in Walmart during the 4th quarter worth about $32,000. Signature Resources Capital Management LLC acquired a new position in Walmart during the 4th quarter valued at about $35,000. Finally, Tidemark LLC acquired a new position in Walmart during the 4th quarter valued at about $37,000. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of Walmart stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the completion of the transaction, the insider now directly owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Alice L. Walton sold 1,132,123 shares of Walmart stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the completion of the sale, the insider now owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $66.85, for a total value of $877,406.25. Following the sale, the executive vice president now directly owns 658,665 shares of the company’s stock, valued at approximately $44,031,755.25. The disclosure for this sale can be found here. Insiders sold a total of 14,493,971 shares of company stock valued at $950,549,592 over the last ninety days. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Up 0.5 %

Shares of NYSE:WMT traded up $0.32 during midday trading on Friday, hitting $67.02. The stock had a trading volume of 12,590,146 shares, compared to its average volume of 15,134,117. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $67.57. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The business’s 50-day simple moving average is $62.47 and its 200-day simple moving average is $58.15. The company has a market cap of $539.08 billion, a P/E ratio of 28.69, a PEG ratio of 3.85 and a beta of 0.52.

Walmart (NYSE:WMTGet Free Report) last released its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate 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 business earned $0.49 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts forecast that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research reports. KeyCorp upped their target price on shares of Walmart from $63.00 to $75.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Raymond James upped their target price on shares of Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Bank of America upped their target price on shares of Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Morgan Stanley increased their price target on shares of Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Finally, Citigroup increased their price target on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.94.

Check Out Our Latest Research Report on WMT

Walmart 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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