Public Employees Retirement Association of Colorado Has $149.20 Million Stake in Walmart Inc. (NYSE:WMT)

Public Employees Retirement Association of Colorado increased its position in shares of Walmart Inc. (NYSE:WMT) by 1.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,058,028 shares of the retailer’s stock after purchasing an additional 12,349 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Walmart were worth $149,203,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMT. Private Portfolio Partners LLC increased its stake in shares of Walmart by 2.0% in the second quarter. Private Portfolio Partners LLC now owns 3,577 shares of the retailer’s stock valued at $504,000 after buying an additional 70 shares during the period. Wimmer Associates 1 LLC increased its stake in shares of Walmart by 1.8% in the second quarter. Wimmer Associates 1 LLC now owns 4,024 shares of the retailer’s stock valued at $567,000 after buying an additional 70 shares during the period. Fort Point Capital Partners LLC increased its stake in shares of Walmart by 2.9% in the second quarter. Fort Point Capital Partners LLC now owns 2,499 shares of the retailer’s stock valued at $352,000 after buying an additional 71 shares during the period. GYL Financial Synergies LLC increased its stake in shares of Walmart by 1.2% in the second quarter. GYL Financial Synergies LLC now owns 6,222 shares of the retailer’s stock valued at $877,000 after buying an additional 74 shares during the period. Finally, Grimes & Company Inc. increased its stake in shares of Walmart by 2.0% in the second quarter. Grimes & Company Inc. now owns 3,849 shares of the retailer’s stock valued at $543,000 after buying an additional 74 shares during the period. Institutional investors and hedge funds own 30.22% of the company’s stock.

Several research analysts have recently issued reports on WMT shares. Raymond James upped their price objective on Walmart from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, August 18th. Stephens increased their target price on shares of Walmart from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, August 13th. Credit Suisse Group set a $166.00 target price on shares of Walmart in a research report on Tuesday, August 24th. Barclays increased their target price on shares of Walmart from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Wednesday, August 18th. Finally, Morgan Stanley reissued a “buy” rating and set a $170.00 target price on shares of Walmart in a research report on Monday, August 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Buy” and an average target price of $169.84.

In other Walmart news, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction on Thursday, July 22nd. The stock was sold at an average price of $141.21, for a total transaction of $1,370,866.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director S Robson Walton sold 578,859 shares of the firm’s stock in a transaction on Thursday, August 19th. The shares were sold at an average price of $149.84, for a total value of $86,736,232.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,212,124 shares of company stock worth $1,213,033,182. Company insiders own 48.44% of the company’s stock.

Shares of WMT traded up $1.51 during trading hours on Thursday, reaching $139.88. The stock had a trading volume of 193,377 shares, compared to its average volume of 8,142,436. Walmart Inc. has a 12 month low of $126.28 and a 12 month high of $153.66. The firm has a 50-day simple moving average of $144.99 and a 200 day simple moving average of $141.76. The company has a current ratio of 0.96, a quick ratio of 0.38 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $390.06 billion, a price-to-earnings ratio of 39.16, a P/E/G ratio of 4.21 and a beta of 0.47.

Walmart (NYSE:WMT) last issued its earnings results on Monday, August 16th. The retailer reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.21. Walmart had a return on equity of 20.22% and a net margin of 1.78%. The company had revenue of $141 billion for the quarter, compared to analysts’ expectations of $136.07 billion. During the same period last year, the business earned $1.56 EPS. Walmart’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities analysts forecast that Walmart Inc. will post 6.3 EPS for the current year.

Walmart Profile

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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