Walmart Inc. (NYSE:WMT) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund lowered its stake in Walmart Inc. (NYSE:WMT) by 55.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,294 shares of the retailer’s stock after selling 71,306 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Walmart were worth $5,177,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of WMT. Fiduciary Advisors Inc. purchased a new stake in Walmart during the fourth quarter worth about $27,000. Peterson Financial Group Inc. purchased a new stake in Walmart during the third quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new stake in Walmart during the fourth quarter worth about $32,000. Voisard Asset Management Group Inc. increased its stake in Walmart by 77.3% during 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 during the period. Finally, Livelsberger Financial Advisory purchased a new stake in Walmart during the third quarter worth about $36,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WMT. Robert W. Baird boosted their price target on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday. Wells Fargo & Company boosted their price target on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. boosted their price target on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Piper Sandler upped their target price on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, UBS Group upped their target price on shares of Walmart from $100.00 to $113.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $101.87.

Walmart Price Performance

WMT stock opened at $103.73 on Wednesday. The company has a market capitalization of $833.31 billion, a P/E ratio of 42.57, a PEG ratio of 4.30 and a beta of 0.55. Walmart Inc. has a twelve month low of $57.60 and a twelve month high of $105.30. The business has a 50 day simple moving average of $95.38 and a 200-day simple moving average of $86.05. 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 (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $167.69 billion. During the same period last year, the company earned $0.51 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts anticipate that Walmart Inc. will post 2.48 EPS for the current year.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock valued at $16,403,728 over the last three months. 45.58% of the stock is currently owned by company insiders.

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.