Teachers Retirement System of The State of Kentucky Sells 16,763 Shares of Walmart Inc. (NYSE:WMT)

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 4.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 326,397 shares of the retailer’s stock after selling 16,763 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Walmart were worth $26,357,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Toronto Dominion Bank boosted its holdings in shares of Walmart by 3.1% in the third quarter. Toronto Dominion Bank now owns 2,337,363 shares of the retailer’s stock valued at $188,742,000 after purchasing an additional 71,075 shares during the period. Strait & Sound Wealth Management LLC lifted its holdings in shares of Walmart by 6.1% in the 3rd quarter. Strait & Sound Wealth Management LLC now owns 18,651 shares of the retailer’s stock worth $1,506,000 after buying an additional 1,068 shares during the period. Synergy Financial Group LTD bought a new position in shares of Walmart during the 3rd quarter worth $266,000. RB Capital Management LLC increased its stake in shares of Walmart by 1.1% during the third quarter. RB Capital Management LLC now owns 34,053 shares of the retailer’s stock valued at $2,750,000 after buying an additional 364 shares during the period. Finally, First Dallas Securities Inc. raised its holdings in shares of Walmart by 9.7% in the third quarter. First Dallas Securities Inc. now owns 29,411 shares of the retailer’s stock valued at $2,375,000 after acquiring an additional 2,602 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on WMT. The Goldman Sachs Group raised their target price on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Wells Fargo & Company boosted their price objective on shares of Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Jefferies Financial Group raised their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, November 15th. KeyCorp upped their price target on Walmart from $88.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, TD Cowen raised their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.27.

Insider Buying and Selling

In other news, major shareholder S Robson Walton sold 1,804,000 shares of Walmart stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $79.18, for a total transaction of $142,840,720.00. Following the sale, the insider now owns 605,979,318 shares in the company, valued at approximately $47,981,442,399.24. The trade was a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $92.47, for a total value of $277,410.00. Following the completion of the sale, the executive vice president now owns 375,165 shares of the company’s stock, valued at approximately $34,691,507.55. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,243,091 shares of company stock worth $257,591,179. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.8 %

Shares of WMT stock opened at $94.57 on Wednesday. The company has a 50 day moving average price of $85.00 and a 200 day moving average price of $76.28. The stock has a market capitalization of $759.72 billion, a P/E ratio of 38.81, a price-to-earnings-growth ratio of 4.45 and a beta of 0.54. 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 Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $96.18.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the business posted $0.51 earnings per share. Walmart’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal 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.