State of Alaska Department of Revenue Reduces Stock Position in Walmart Inc. (NYSE:WMT)

State of Alaska Department of Revenue reduced its position in shares of Walmart Inc. (NYSE:WMT) by 7.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 521,269 shares of the retailer’s stock after selling 44,279 shares during the period. Walmart accounts for about 0.5% of State of Alaska Department of Revenue’s investment portfolio, making the stock its 22nd largest position. State of Alaska Department of Revenue’s holdings in Walmart were worth $47,096,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new position in Walmart in the third quarter valued at $26,000. Fiduciary Advisors Inc. acquired a new position in shares of Walmart during the 4th quarter valued at about $27,000. Voisard Asset Management Group Inc. increased its stake in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of Walmart during the 4th quarter worth about $32,000. Finally, Hoese & Co LLP purchased a new stake in Walmart in the third quarter valued at approximately $33,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WMT has been the topic of a number of research analyst reports. Robert W. Baird lifted their price target on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Roth Mkm boosted their price target on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. TD Cowen raised their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Piper Sandler boosted their target price on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Sanford C. Bernstein raised their price target on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $96.01.

Walmart Stock Performance

Shares of WMT stock opened at $101.17 on Friday. 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 stock has a market capitalization of $812.73 billion, a price-to-earnings ratio of 41.52, a PEG ratio of 4.49 and a beta of 0.55. Walmart Inc. has a one year low of $55.85 and a one year high of $103.11. The company’s 50-day simple moving average is $93.89 and its 200-day simple moving average is $83.95.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 EPS. Equities analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 over the last 90 days. Insiders own 45.58% of the company’s stock.

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.