New York State Teachers Retirement System Has $324.01 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

New York State Teachers Retirement System cut its stake in Walmart Inc. (NYSE:WMT - Free Report) by 5.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,012,462 shares of the retailer's stock after selling 236,790 shares during the period. Walmart accounts for about 0.7% of New York State Teachers Retirement System's investment portfolio, making the stock its 22nd biggest position. New York State Teachers Retirement System's holdings in Walmart were worth $324,006,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Liberty Wealth Management LLC bought a new position in Walmart in the first quarter valued at about $270,000. Commerce Bank boosted its stake in Walmart by 189.4% during the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer's stock worth $55,213,000 after acquiring an additional 600,521 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Walmart by 290.7% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer's stock worth $16,250,000 after purchasing an additional 200,947 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Walmart by 189.4% in the 1st quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer's stock valued at $38,740,000 after buying an additional 421,366 shares during the period. Finally, Sustainable Insight Capital Management LLC bought a new stake in shares of Walmart in the first quarter worth about $723,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the transaction, the chief executive officer now directly owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now owns 593,040 shares of the company's stock, valued at $49,198,598.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the sale, the chief executive officer now owns 3,873,053 shares of the company's stock, valued at approximately $312,322,993.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock worth $958,784,857 in the last quarter. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on WMT shares. Royal Bank of Canada boosted their price objective on shares of Walmart from $74.00 to $80.00 and gave the company an "outperform" rating in a research report on Friday, August 16th. UBS Group boosted their price target on shares of Walmart from $81.00 to $92.00 and gave the stock a "buy" rating in a research report on Friday, October 11th. JPMorgan Chase & Co. raised their price objective on Walmart from $81.00 to $83.00 and gave the company an "overweight" rating in a report on Friday, August 16th. Oppenheimer upped their target price on Walmart from $81.00 to $90.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Finally, Piper Sandler restated an "overweight" rating and issued a $83.00 price target (up from $81.00) on shares of Walmart in a research note on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has a consensus rating of "Buy" and a consensus target price of $83.83.

Walmart Price Performance

Shares of WMT traded down $0.31 during mid-day trading on Wednesday, reaching $81.39. The company had a trading volume of 9,245,875 shares, compared to its average volume of 16,874,586. The company's 50 day simple moving average is $79.42 and its 200 day simple moving average is $70.78. The company has a market capitalization of $654.23 billion, a price-to-earnings ratio of 42.57, a P/E/G ratio of 4.13 and a beta of 0.51. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $83.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion for the quarter, compared to analysts' expectations of $168.56 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The company's revenue was up 4.7% on a year-over-year basis. Analysts expect that Walmart Inc. will post 2.44 EPS for the current year.

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.