Walmart Inc. (NYSE:WMT) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its holdings in Walmart Inc. (NYSE:WMT) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,829,914 shares of the retailer’s stock after selling 182,548 shares during the period. Walmart comprises 0.7% of New York State Teachers Retirement System’s holdings, making the stock its 18th biggest holding. New York State Teachers Retirement System’s holdings in Walmart were worth $346,033,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Fiduciary Advisors Inc. acquired a new position in shares of Walmart in the fourth quarter worth about $27,000. Peterson Financial Group Inc. acquired a new position in shares of Walmart in the third quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart in the fourth quarter worth about $32,000. Voisard Asset Management Group Inc. boosted its holdings 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 period. Finally, Livelsberger Financial Advisory acquired a new position in shares of Walmart in the third quarter worth about $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. This represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 38,000 shares of the 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. This represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 in the last ninety days. 45.58% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on WMT shares. BMO Capital Markets raised their target price on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Barclays raised their price target on shares of Walmart from $98.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday. Oppenheimer boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Truist Financial boosted their price objective on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Sanford C. Bernstein boosted their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.17.

Walmart Price Performance

Shares of Walmart stock opened at $104.04 on Friday. The firm has a fifty day simple moving average of $94.83 and a 200-day simple moving average of $85.09. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 1-year low of $55.99 and a 1-year high of $105.30. The stock has a market capitalization of $835.78 billion, a price-to-earnings ratio of 42.70, a PEG ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last released its 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. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 EPS. On average, sell-side analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Walmart Company 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.