Utah Retirement Systems Reduces Stock Holdings in Walmart Inc. (NYSE:WMT)

Utah Retirement Systems reduced its holdings in Walmart Inc. (NYSE:WMT) by 4.2% during the 1st quarter, Holdings Channel reports. The fund owned 267,787 shares of the retailer’s stock after selling 11,700 shares during the period. Utah Retirement Systems’ holdings in Walmart were worth $36,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Albion Financial Group UT purchased a new stake in shares of Walmart in the 4th quarter valued at $27,000. Freedman Financial Associates Inc. purchased a new stake in Walmart during the fourth quarter worth $36,000. Grant Street Asset Management Inc. purchased a new stake in Walmart during the fourth quarter worth $44,000. Concord Wealth Partners purchased a new stake in Walmart during the fourth quarter worth $44,000. Finally, Piscataqua Savings Bank purchased a new stake in Walmart during the first quarter worth $42,000. 29.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of WMT traded down $0.14 during mid-day trading on Thursday, reaching $141.03. The stock had a trading volume of 61,475 shares, compared to its average volume of 7,353,675. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.37 and a current ratio of 0.95. Walmart Inc. has a 52-week low of $126.28 and a 52-week high of $153.66. The company has a fifty day moving average of $140.08. The stock has a market capitalization of $395.19 billion, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of 4.33 and a beta of 0.46.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, May 18th. The retailer reported $1.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.48. The company had revenue of $138.30 billion during the quarter, compared to analyst estimates of $131.53 billion. Walmart had a net margin of 2.18% and a return on equity of 19.92%. Walmart’s revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.18 earnings per share. As a group, research analysts forecast that Walmart Inc. will post 5.95 EPS for the current fiscal year.

In other Walmart news, Director S Robson Walton sold 1,362,151 shares of the stock in a transaction dated Friday, June 18th. The shares were sold at an average price of $135.30, for a total transaction of $184,299,030.30. Following the completion of the transaction, the director now owns 3,217,347 shares of the company’s stock, valued at $435,307,049.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction dated Thursday, May 27th. The stock was sold at an average price of $143.38, for a total transaction of $1,391,933.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,591,645 shares of company stock valued at $3,978,991,425. 48.44% of the stock is currently owned by insiders.

A number of analysts recently issued reports on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $170.00 price target on shares of Walmart in a report on Tuesday, May 18th. increased their price target on shares of Walmart from $172.00 to $179.00 and gave the stock a “buy” rating in a report on Wednesday, May 19th. Credit Suisse Group assumed coverage on shares of Walmart in a report on Wednesday, May 19th. They set an “outperform” rating and a $150.00 price target on the stock. Telsey Advisory Group increased their price target on shares of Walmart from $162.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, May 19th. Finally, Raymond James increased their price target on shares of Walmart from $155.00 to $165.00 and gave the stock an “outperform” rating in a report on Tuesday, May 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Walmart currently has an average rating of “Buy” and an average target price of $162.87.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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