TIAA Trust National Association Has $48.71 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Key Points

• TIAA Trust National Association increased its stake in Walmart by 6.3%, acquiring a total of 554,849 shares valued at approximately $48.71 million as of its latest SEC filing.
• Walmart's recent earnings report showed an EPS of $0.61, exceeding analysts' expectations of $0.58, and the company projected a return on equity of 21.76% with a revenue increase of 2.5% from the previous year.
• Following various analyst reports, Walmart currently holds a consensus rating of "Moderate Buy" with a target price of $106.67, reflecting a mix of ratings from "buy" to "hold."

TIAA Trust National Association boosted its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 6.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 554,849 shares of the retailer's stock after buying an additional 32,862 shares during the period. TIAA Trust National Association's holdings in Walmart were worth $48,710,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of WMT. Full Sail Capital LLC grew its position in Walmart by 6.6% in the fourth quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock valued at $786,000 after purchasing an additional 541 shares in the last quarter. Leslie Global Wealth LLC boosted its stake in shares of Walmart by 22.0% during the 4th quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock worth $285,000 after buying an additional 568 shares during the last quarter. Monument Capital Management boosted its stake in shares of Walmart by 94.2% during the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock worth $4,829,000 after buying an additional 26,685 shares during the last quarter. Milestone Asset Management LLC grew its holdings in shares of Walmart by 156.7% in the 1st quarter. Milestone Asset Management LLC now owns 54,659 shares of the retailer's stock valued at $4,799,000 after acquiring an additional 33,370 shares in the last quarter. Finally, Rossby Financial LCC acquired a new stake in shares of Walmart in the fourth quarter valued at about $1,404,000. Institutional investors own 26.76% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Stifel Nicolaus cut their price objective on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. DA Davidson reissued a "buy" rating and issued a $117.00 target price on shares of Walmart in a research note on Friday, May 16th. KeyCorp upped their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $106.67.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $95.58, for a total value of $1,855,781.28. Following the completion of the transaction, the chief executive officer directly owned 4,412,398 shares in the company, valued at approximately $421,737,000.84. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the sale, the executive vice president owned 628,318 shares in the company, valued at approximately $61,851,623.92. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,912 shares of company stock valued at $13,863,813. Corporate insiders own 45.58% of the company's stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $98.40 on Friday. The firm has a 50 day moving average of $96.86 and a 200-day moving average of $95.03. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $785.27 billion, a PE ratio of 42.05, a PEG ratio of 4.72 and a beta of 0.66.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter last year, the business posted $0.60 EPS. The company's revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.