Walmart Inc. (NYSE:WMT) Stock Position Trimmed by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in Walmart Inc. (NYSE:WMT) by 7.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 521,269 shares of the retailer’s stock after selling 44,279 shares during the period. Walmart makes up approximately 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Peterson Financial Group Inc. bought a new position in Walmart in the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. acquired a new position in Walmart during the 4th quarter worth $27,000. Voisard Asset Management Group Inc. grew 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 purchasing an additional 174 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of Walmart during the fourth quarter valued at $32,000. Finally, Hoese & Co LLP bought a new stake in shares of Walmart during the third quarter valued at about $33,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

WMT stock opened at $101.17 on Friday. The firm has a 50 day simple moving average of $93.89 and a 200 day simple moving average of $83.95. Walmart Inc. has a 52 week low of $55.85 and a 52 week high of $103.11. The stock has a market cap of $812.73 billion, a P/E ratio of 41.52, a P/E/G ratio of 4.49 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on WMT. BMO Capital Markets raised their target price on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Evercore ISI increased their price target on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Barclays boosted their price objective on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Finally, Truist Financial raised their target price on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.01.

Insider Buying and Selling at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 38,000 shares of the firm’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 transaction of $3,754,400.00. Following the transaction, the executive vice president now directly owns 257,281 shares in the company, 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. Insiders have sold 175,177 shares of company stock worth $16,403,728 over the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

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.