State of Alaska Department of Revenue Lowers Position in Walmart Inc. (NYSE:WMT)


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State of Alaska Department of Revenue cut its holdings in Walmart Inc. (NYSE:WMT) by 4.2% in the first quarter, Holdings Channel reports. The fund owned 451,705 shares of the retailer’s stock after selling 19,949 shares during the quarter. Walmart accounts for approximately 0.7% of State of Alaska Department of Revenue’s portfolio, making the stock its 15th largest position. State of Alaska Department of Revenue’s holdings in Walmart were worth $61,354,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in WMT. Norges Bank bought a new position in Walmart in the fourth quarter worth about $2,164,014,000. California Public Employees Retirement System raised its holdings in Walmart by 12.7% in the fourth quarter. California Public Employees Retirement System now owns 7,310,901 shares of the retailer’s stock worth $1,053,866,000 after purchasing an additional 824,835 shares in the last quarter. Cibc World Markets Corp raised its holdings in Walmart by 147.7% in the fourth quarter. Cibc World Markets Corp now owns 1,096,164 shares of the retailer’s stock worth $158,012,000 after purchasing an additional 653,581 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in Walmart by 239.8% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 902,432 shares of the retailer’s stock worth $130,086,000 after purchasing an additional 636,884 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Walmart by 4.4% in the fourth quarter. Fisher Asset Management LLC now owns 11,830,028 shares of the retailer’s stock worth $1,705,299,000 after purchasing an additional 497,775 shares in the last quarter. 29.34% of the stock is owned by institutional investors.

Shares of WMT opened at $139.78 on Monday. Walmart Inc. has a 52-week low of $117.01 and a 52-week high of $153.66. The company has a market capitalization of $393.77 billion, a PE ratio of 22.29, a price-to-earnings-growth ratio of 4.86 and a beta of 0.27. The stock has a fifty day simple moving average of $133.62 and a two-hundred day simple moving average of $142.11. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 0.56.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, February 18th. The retailer reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.12). Walmart had a return on equity of 19.13% and a net margin of 3.30%. The company had revenue of $152.08 billion during the quarter, compared to analyst estimates of $148.52 billion. During the same period last year, the business earned $1.38 earnings per share. As a group, equities analysts anticipate that Walmart Inc. will post 5.35 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 3rd. Shareholders of record on Friday, December 10th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Thursday, December 9th. Walmart’s dividend payout ratio (DPR) is presently 44.62%.

Walmart announced that its Board of Directors has initiated a share repurchase program on Thursday, February 18th that allows the company to buyback $20.00 billion in shares. This buyback authorization allows the retailer to purchase up to 5.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Several research firms have recently issued reports on WMT. Credit Suisse Group set a $150.00 price objective on shares of Walmart and gave the company a “buy” rating in a report on Friday, February 19th. Morgan Stanley cut their price objective on shares of Walmart from $156.00 to $154.00 and set an “overweight” rating on the stock in a report on Thursday, February 25th. Royal Bank of Canada set a $162.00 price objective on shares of Walmart and gave the company a “buy” rating in a report on Friday, February 19th. FIX downgraded shares of Walmart from a “hold” rating to a “sell” rating and cut their price objective for the company from $157.00 to $131.00 in a report on Monday, January 25th. Finally, Raymond James cut their price objective on shares of Walmart from $165.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday, February 25th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-four have issued a buy rating to the company. Walmart currently has an average rating of “Buy” and a consensus target price of $154.11.

In related news, Director S Robson Walton sold 289,560 shares of the firm’s stock in a transaction dated Thursday, February 25th. The stock was sold at an average price of $131.86, for a total transaction of $38,181,381.60. Following the completion of the sale, the director now directly owns 3,215,991 shares of the company’s stock, valued at approximately $424,060,573.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marc E. Lore sold 35,000 shares of the firm’s stock in a transaction dated Thursday, January 21st. The stock was sold at an average price of $145.00, for a total value of $5,075,000.00. Following the sale, the executive vice president now directly owns 1,228,283 shares of the company’s stock, valued at $178,101,035. The disclosure for this sale can be found here. Insiders sold a total of 2,035,000 shares of company stock valued at $267,991,487 over the last ninety days. Corporate insiders own 50.43% of the company’s stock.

About Walmart

Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, 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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