New Mexico Educational Retirement Board Sells 4,200 Shares of Walmart Inc. (NYSE:WMT)

New Mexico Educational Retirement Board lowered its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 2.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 202,879 shares of the retailer's stock after selling 4,200 shares during the quarter. Walmart accounts for about 0.6% of New Mexico Educational Retirement Board's holdings, making the stock its 21st biggest position. New Mexico Educational Retirement Board's holdings in Walmart were worth $17,811,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Court Place Advisors LLC lifted its holdings in shares of Walmart by 5.2% in the first quarter. Court Place Advisors LLC now owns 4,756 shares of the retailer's stock valued at $418,000 after purchasing an additional 236 shares in the last quarter. Rehmann Capital Advisory Group increased its stake in shares of Walmart by 3.6% during the 1st quarter. Rehmann Capital Advisory Group now owns 74,313 shares of the retailer's stock worth $6,524,000 after purchasing an additional 2,566 shares in the last quarter. Slagle Financial LLC raised its position in shares of Walmart by 0.7% during the 1st quarter. Slagle Financial LLC now owns 18,177 shares of the retailer's stock worth $1,596,000 after purchasing an additional 123 shares during the last quarter. Cornerstone Planning Group LLC raised its position in shares of Walmart by 57.7% during the 1st quarter. Cornerstone Planning Group LLC now owns 3,675 shares of the retailer's stock worth $349,000 after purchasing an additional 1,344 shares during the last quarter. Finally, Dogwood Wealth Management LLC lifted its stake in Walmart by 5.9% in the 1st quarter. Dogwood Wealth Management LLC now owns 8,316 shares of the retailer's stock valued at $732,000 after buying an additional 465 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WMT has been the topic of a number of analyst reports. Robert W. Baird increased their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. KeyCorp boosted their price target on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Raymond James Financial reduced their price target on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Truist Financial boosted their price objective on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Mizuho increased their target price on Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, June 9th. Two investment 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 company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $106.67.

Walmart Trading Down 0.5%

Shares of WMT traded down $0.50 during midday trading on Friday, hitting $94.36. The stock had a trading volume of 14,577,628 shares, compared to its average volume of 18,101,523. The business has a 50-day simple moving average of $97.19 and a two-hundred day simple moving average of $94.48. The firm has a market cap of $753.03 billion, a P/E ratio of 40.32, a price-to-earnings-growth ratio of 4.66 and a beta of 0.68. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $164.53 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

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

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the completion of the sale, the executive vice president directly owned 945,434 shares in the company, valued at $90,619,848.90. The trade was a 1.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the transaction, the chief executive officer owned 4,451,199 shares in the company, valued at approximately $429,896,799.42. This trade represents a 0.65% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 142,711 shares of company stock valued at $13,710,319. Company insiders own 45.58% of the company's stock.

Walmart 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.