State Treasurer State of Michigan Reduces Position in Walmart Inc (NYSE:WMT)

State Treasurer State of Michigan lessened its holdings in shares of Walmart Inc (NYSE:WMT) by 18.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 334,934 shares of the retailer’s stock after selling 75,300 shares during the period. State Treasurer State of Michigan’s holdings in Walmart were worth $37,007,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WMT. Clarfeld Financial Advisors LLC acquired a new position in shares of Walmart during the fourth quarter worth $25,000. C J Advisory Inc acquired a new position in shares of Walmart during the first quarter worth $29,000. Mcmillion Capital Management Inc. acquired a new position in shares of Walmart during the second quarter worth $34,000. Financial Gravity Wealth Inc. acquired a new position in shares of Walmart during the first quarter worth $35,000. Finally, WP Advisors LLC acquired a new position in shares of Walmart during the first quarter worth $37,000. Institutional investors and hedge funds own 30.04% of the company’s stock.

A number of equities analysts have recently issued reports on WMT shares. UBS Group upped their price target on Walmart from $105.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, May 17th. Wolfe Research downgraded Walmart from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, May 8th. Sanford C. Bernstein raised Walmart from a “market perform” rating to an “outperform” rating and set a $101.80 price target on the stock in a research report on Thursday, May 2nd. Gordon Haskett raised shares of Walmart from a “hold” rating to an “accumulate” rating and set a $115.00 price objective on the stock in a report on Friday, May 17th. Finally, Deutsche Bank boosted their price objective on shares of Walmart from $118.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 17th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have given a buy rating to the company. Walmart has a consensus rating of “Buy” and an average target price of $109.56.

In other Walmart news, Director S Robson Walton sold 1,322,329 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $102.04, for a total value of $134,930,451.16. Following the completion of the transaction, the director now owns 3,347,511 shares in the company, valued at $341,580,022.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Jim C. Walton sold 1,626,851 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $101.08, for a total transaction of $164,442,099.08. Following the completion of the transaction, the insider now owns 17,502,080 shares of the company’s stock, valued at approximately $1,769,110,246.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,559,285 shares of company stock valued at $571,021,654. Insiders own 50.22% of the company’s stock.

NYSE:WMT traded up $1.63 during mid-day trading on Tuesday, hitting $107.45. The company’s stock had a trading volume of 4,546,281 shares, compared to its average volume of 4,401,925. Walmart Inc has a 1 year low of $85.78 and a 1 year high of $115.49. The company has a current ratio of 0.77, a quick ratio of 0.21 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $312.31 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 4.78 and a beta of 0.41. The business’s fifty day moving average price is $111.86.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.11. The business had revenue of $122.95 billion during the quarter, compared to the consensus estimate of $124.51 billion. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.14 earnings per share. On average, equities research analysts predict that Walmart Inc will post 4.84 EPS for the current fiscal year.

Walmart 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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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