Kentucky Retirement Systems Has $26.97 Million Position in Walmart Inc. (NYSE:WMT)

Kentucky Retirement Systems reduced its position in Walmart Inc. (NYSE:WMT - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 298,481 shares of the retailer's stock after selling 4,112 shares during the quarter. Walmart makes up 0.8% of Kentucky Retirement Systems' portfolio, making the stock its 19th largest holding. Kentucky Retirement Systems' holdings in Walmart were worth $26,968,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Jennison Associates LLC lifted its holdings in shares of Walmart by 479.6% during the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer's stock valued at $1,492,200,000 after acquiring an additional 15,290,936 shares during the period. FMR LLC lifted its holdings in shares of Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock valued at $5,098,203,000 after acquiring an additional 7,200,004 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Walmart by 8,814.4% during the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer's stock valued at $562,280,000 after acquiring an additional 6,885,106 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer's stock valued at $7,048,465,000 after acquiring an additional 2,786,061 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in shares of Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer's stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares during the period. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the sale, the executive vice president now owns 423,597 shares in the company, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the sale, the chief executive officer now owns 3,814,805 shares in the company, 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. In the last quarter, insiders have sold 176,777 shares of company stock worth $16,570,112. Corporate insiders own 45.58% of the company's stock.

Analyst Ratings Changes

WMT has been the subject of a number of analyst reports. Guggenheim lifted their price objective on Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Tigress Financial lifted their price target on Walmart from $86.00 to $115.00 and gave the company a "buy" rating in a report on Friday, December 13th. Oppenheimer lifted their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Robert W. Baird lifted their price target on Walmart from $100.00 to $115.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Truist Financial lifted their price target on Walmart from $98.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Walmart has a consensus rating of "Moderate Buy" and an average price target of $102.43.

Walmart Trading Down 2.6 %

Shares of Walmart stock traded down $2.51 during trading on Friday, hitting $94.70. 34,962,340 shares of the company were exchanged, compared to its average volume of 16,919,441. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm's fifty day moving average price is $95.62 and its 200 day moving average price is $86.25. Walmart Inc. has a 1-year low of $57.77 and a 1-year high of $105.30. The firm has a market capitalization of $760.77 billion, a P/E ratio of 38.86, a price-to-earnings-growth ratio of 4.40 and a beta of 0.55.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. As a group, sell-side analysts expect that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart's payout ratio is 34.02%.

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.