State of Alaska Department of Revenue Has $40.94 Million Holdings in Walmart Inc (WMT)

State of Alaska Department of Revenue raised its stake in Walmart Inc (NYSE:WMT) by 22.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 478,036 shares of the retailer’s stock after acquiring an additional 86,440 shares during the period. Walmart makes up about 0.7% of State of Alaska Department of Revenue’s portfolio, making the stock its 19th biggest holding. State of Alaska Department of Revenue’s holdings in Walmart were worth $40,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of WMT. ZWJ Investment Counsel Inc. raised its holdings in shares of Walmart by 13.0% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 12,967 shares of the retailer’s stock worth $1,280,000 after buying an additional 1,488 shares in the last quarter. Iberiabank Corp raised its holdings in shares of Walmart by 7.8% during the 4th quarter. Iberiabank Corp now owns 90,910 shares of the retailer’s stock worth $8,979,000 after buying an additional 6,571 shares in the last quarter. Gabalex Capital Management LLC raised its holdings in shares of Walmart by 33.3% during the 4th quarter. Gabalex Capital Management LLC now owns 400,000 shares of the retailer’s stock worth $39,500,000 after buying an additional 100,000 shares in the last quarter. HL Financial Services LLC raised its holdings in shares of Walmart by 3.3% during the 4th quarter. HL Financial Services LLC now owns 142,110 shares of the retailer’s stock worth $14,033,000 after buying an additional 4,571 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of Walmart during the 4th quarter worth $1,043,000. 29.66% of the stock is owned by institutional investors.

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In related news, Director S Robson Walton sold 1,190,271 shares of the company’s stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $84.65, for a total transaction of $100,756,440.15. Following the sale, the director now owns 3,347,254 shares in the company, valued at approximately $283,345,051.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Jim C. Walton sold 592,155 shares of the company’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $84.64, for a total value of $50,119,999.20. Following the sale, the insider now owns 10,507,224 shares in the company, valued at approximately $889,331,439.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,792,256 shares of company stock worth $740,486,626. 51.11% of the stock is owned by corporate insiders.

Shares of Walmart traded up $1.24, reaching $87.17, during trading on Tuesday, according to MarketBeat.com. The company had a trading volume of 455,379 shares, compared to its average volume of 8,110,855. Walmart Inc has a 12 month low of $73.13 and a 12 month high of $109.98. The firm has a market capitalization of $250.35 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 2.60 and a beta of 0.52. The company has a current ratio of 0.73, a quick ratio of 0.20 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 17th. The retailer reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. Walmart had a return on equity of 17.16% and a net margin of 1.77%. The firm had revenue of $122.69 billion for the quarter, compared to analyst estimates of $119.29 billion. During the same quarter in the previous year, the company posted $1.00 EPS. The business’s revenue was up 4.4% on a year-over-year basis. analysts forecast that Walmart Inc will post 4.83 earnings per share for the current fiscal year.

WMT has been the subject of a number of research analyst reports. Morgan Stanley set a $99.00 price target on Walmart and gave the stock a “hold” rating in a report on Monday, April 2nd. Loop Capital initiated coverage on Walmart in a report on Thursday, April 5th. They set a “hold” rating and a $92.00 price target for the company. Goldman Sachs Group reissued a “buy” rating and set a $99.00 price target on shares of Walmart in a report on Monday, April 16th. Argus raised Walmart from a “hold” rating to a “buy” rating and boosted their price target for the stock from $87.57 to $100.00 in a report on Thursday, April 19th. Finally, Royal Bank of Canada reissued a “neutral” rating and set a $103.00 price target on shares of Walmart in a report on Monday, April 30th. Twenty research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $96.53.

Walmart Company Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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