Walmart Inc. (NYSE:WMT) is Illinois Municipal Retirement Fund's 10th Largest Position

Illinois Municipal Retirement Fund lessened its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 656,366 shares of the retailer's stock after selling 22,532 shares during the quarter. Walmart accounts for about 0.8% of Illinois Municipal Retirement Fund's investment portfolio, making the stock its 10th largest holding. Illinois Municipal Retirement Fund's holdings in Walmart were worth $57,622,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of WMT. Horizon Financial Services LLC boosted its stake in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares during the last quarter. EQ Wealth Advisors LLC bought a new position in Walmart during the 1st quarter worth approximately $35,000. Noble Wealth Management PBC acquired a new position in shares of Walmart in the 4th quarter worth approximately $37,000. Mizuho Bank Ltd. bought a new stake in shares of Walmart in the 4th quarter valued at approximately $41,000. Finally, Nexus Investment Management ULC bought a new stake in shares of Walmart in the 1st quarter valued at approximately $49,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the sale, the executive vice president directly owned 630,518 shares in the company, valued at approximately $62,421,282. The trade was a 0.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kathryn J. Mclay sold 28,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total value of $2,716,000.00. Following the transaction, the executive vice president directly owned 1,064,455 shares in the company, valued at $103,252,135. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,511 shares of company stock valued at $13,493,751. 45.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Erste Group Bank downgraded Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Truist Financial increased their target price on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Robert W. Baird lifted their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. UBS Group decreased their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, Stifel Nicolaus reduced their price objective on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $106.50.

Walmart Stock Performance

WMT traded up $0.43 during trading hours on Tuesday, hitting $98.21. The stock had a trading volume of 11,226,798 shares, compared to its average volume of 18,015,157. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The stock has a market cap of $783.77 billion, a PE ratio of 41.99, a price-to-earnings-growth ratio of 4.75 and a beta of 0.69. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The company's fifty day simple moving average is $96.91 and its 200 day simple moving average is $94.26.

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

Walmart Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were paid a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio (DPR) is currently 40.17%.

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.