New Mexico Educational Retirement Board Has $11.58 Million Position in Walmart Inc (WMT)

New Mexico Educational Retirement Board reduced its holdings in Walmart Inc (NYSE:WMT) by 2.9% in the 1st quarter, Holdings Channel reports. The firm owned 118,693 shares of the retailer’s stock after selling 3,500 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Walmart were worth $11,576,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Clarfeld Financial Advisors LLC purchased a new stake in Walmart during the fourth quarter valued at about $25,000. Ironwood Financial llc purchased a new stake in Walmart during the fourth quarter valued at about $26,000. Massey Quick Simon & CO. LLC purchased a new stake in Walmart during the fourth quarter valued at about $28,000. Winch Advisory Services LLC grew its position in Walmart by 45.1% during the fourth quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock valued at $32,000 after acquiring an additional 107 shares during the period. Finally, WP Advisors LLC purchased a new stake in Walmart during the first quarter valued at about $37,000. Hedge funds and other institutional investors own 28.96% of the company’s stock.

A number of research firms have issued reports on WMT. DZ Bank reissued a “neutral” rating on shares of Walmart in a research report on Tuesday, February 19th. Guggenheim reissued a “buy” rating and set a $115.00 price target on shares of Walmart in a research report on Tuesday, February 19th. Barclays reissued a “buy” rating and set a $113.00 price target on shares of Walmart in a research report on Wednesday, February 20th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $108.00 price target on shares of Walmart in a research report on Wednesday, February 20th. Finally, KeyCorp boosted their price target on Walmart from $112.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, February 20th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and eighteen have given a buy rating to the stock. Walmart currently has a consensus rating of “Hold” and an average target price of $107.13.

In related news, insider John R. Furner sold 10,000 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $101.82, for a total value of $1,018,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jacqueline P. Canney sold 980 shares of the stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $99.03, for a total value of $97,049.40. Following the completion of the transaction, the executive vice president now directly owns 54,588 shares of the company’s stock, valued at approximately $5,405,849.64. The disclosure for this sale can be found here. Insiders sold 14,255,221 shares of company stock valued at $1,407,521,976 in the last three months. 51.11% of the stock is currently owned by company insiders.

Shares of NYSE WMT opened at $101.52 on Tuesday. Walmart Inc has a 1-year low of $81.78 and a 1-year high of $106.21. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $298.79 billion, a PE ratio of 20.68, a P/E/G ratio of 4.62 and a beta of 0.36.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.11. The firm had revenue of $122.95 billion during the quarter, compared to the consensus estimate of $124.51 billion. Walmart had a return on equity of 18.66% and a net margin of 1.62%. Walmart’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.14 earnings per share. On average, research analysts anticipate that Walmart Inc will post 4.79 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 10th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, May 9th. Walmart’s dividend payout ratio is currently 43.18%.

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Walmart Company Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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