State of Tennessee Treasury Department Has $101.13 Million Holdings in Walmart Inc (WMT)

State of Tennessee Treasury Department boosted its stake in shares of Walmart Inc (NYSE:WMT) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,085,618 shares of the retailer’s stock after acquiring an additional 8,583 shares during the quarter. State of Tennessee Treasury Department’s holdings in Walmart were worth $101,125,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Weather Gauge Advisory LLC acquired a new stake in shares of Walmart in the fourth quarter worth approximately $339,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Walmart in the fourth quarter worth approximately $3,669,000. IMS Capital Management boosted its stake in shares of Walmart by 7.7% in the third quarter. IMS Capital Management now owns 16,565 shares of the retailer’s stock worth $1,556,000 after acquiring an additional 1,188 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Walmart in the third quarter worth approximately $39,376,000. Finally, Bath Savings Trust Co boosted its stake in shares of Walmart by 3.8% in the fourth quarter. Bath Savings Trust Co now owns 3,247 shares of the retailer’s stock worth $302,000 after acquiring an additional 118 shares during the last quarter. Institutional investors own 28.94% of the company’s stock.

In related news, major shareholder Alice L. Walton sold 1,855,869 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $99.56, for a total transaction of $184,770,317.64. Following the completion of the transaction, the insider now directly owns 15,557,224 shares of the company’s stock, valued at approximately $1,548,877,221.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Alice L. Walton sold 705,858 shares of the business’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $98.13, for a total value of $69,265,845.54. Following the transaction, the insider now directly owns 8,872,375 shares of the company’s stock, valued at $870,646,158.75. The disclosure for this sale can be found here. Insiders sold a total of 14,240,978 shares of company stock worth $1,406,078,670 in the last quarter. Company insiders own 51.11% of the company’s stock.

A number of equities analysts recently commented on the company. Citigroup reduced their price objective on Walmart from $120.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, April 1st. Evercore ISI assumed coverage on Walmart in a research report on Wednesday, March 20th. They set an “in-line” rating and a $95.00 price objective on the stock. They noted that the move was a valuation call. Daiwa Capital Markets set a $104.00 price objective on Walmart and gave the stock a “hold” rating in a research report on Friday, February 22nd. BMO Capital Markets reiterated a “buy” rating and set a $115.00 price objective on shares of Walmart in a research report on Thursday, February 21st. Finally, Bank of America set a $120.00 price objective on Walmart and gave the stock a “buy” rating in a research report on Wednesday, February 20th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $105.82.

Shares of WMT stock traded up $0.46 on Wednesday, hitting $103.53. The stock had a trading volume of 3,600,307 shares, compared to its average volume of 7,111,704. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $307.02 billion, a PE ratio of 21.09, a P/E/G ratio of 4.75 and a beta of 0.34. Walmart Inc has a 1 year low of $81.78 and a 1 year high of $106.21.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, February 19th. The retailer reported $1.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.08. The firm had revenue of $137.74 billion for the quarter, compared to the consensus estimate of $137.63 billion. Walmart had a return on equity of 18.60% and a net margin of 1.30%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.33 EPS. Research analysts predict that Walmart Inc will post 4.75 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 10th will be issued a $0.53 dividend. The ex-dividend date is Thursday, May 9th. This represents a $2.12 annualized dividend and a dividend yield of 2.05%. Walmart’s dividend payout ratio is presently 43.18%.

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Walmart Company Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

Further Reading: Sell-Side Analysts

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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