New York State Teachers Retirement System Has $329.34 Million Stake in Walmart Inc. (NYSE:WMT)

New York State Teachers Retirement System decreased its stake in Walmart Inc. (NYSE:WMT - Free Report) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,751,458 shares of the retailer's stock after selling 78,456 shares during the quarter. Walmart accounts for about 0.8% of New York State Teachers Retirement System's portfolio, making the stock its 20th largest position. New York State Teachers Retirement System's holdings in Walmart were worth $329,340,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Horizon Financial Services LLC increased its holdings in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after acquiring an additional 262 shares in the last quarter. EQ Wealth Advisors LLC bought a new stake in shares of Walmart in the first quarter worth about $35,000. Noble Wealth Management PBC bought a new stake in shares of Walmart in the fourth quarter worth about $37,000. Mizuho Bank Ltd. bought a new stake in shares of Walmart in the fourth quarter worth about $41,000. Finally, Nexus Investment Management ULC bought a new stake in shares of Walmart in the first quarter worth about $49,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Analyst Ratings Changes

WMT has been the subject of several recent analyst reports. UBS Group lowered their price target on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Truist Financial increased their price target on Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Robert W. Baird increased their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Erste Group Bank downgraded Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Finally, Raymond James Financial decreased their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $106.50.

Walmart Stock Up 1.4%

WMT stock opened at $97.41 on Monday. 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 business has a 50 day moving average price of $96.80 and a two-hundred day moving average price of $94.23. The company has a market cap of $777.37 billion, a price-to-earnings ratio of 41.63, a P/E/G ratio of 4.75 and a beta of 0.69. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30.

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. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the company posted $0.60 EPS. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $94.19, for a total transaction of $2,743,189.56. Following the completion of the sale, the chief executive officer now owns 4,480,347 shares of the company's stock, valued at $422,003,883.93. This trade represents a 0.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the sale, the executive vice president now directly owns 398,024 shares of the company's stock, valued at approximately $35,288,807.84. The trade was a 0.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,711 shares of company stock valued at $13,688,803 in the last quarter. 45.58% of the stock is currently owned by insiders.

About Walmart

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.

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