Employees Retirement System of Texas Has $128.63 Million Holdings in Walmart Inc. (NYSE:WMT)

Employees Retirement System of Texas lowered its stake in Walmart Inc. (NYSE:WMT - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,423,689 shares of the retailer's stock after selling 46,667 shares during the quarter. Walmart comprises approximately 0.6% of Employees Retirement System of Texas' holdings, making the stock its 24th largest holding. Employees Retirement System of Texas' holdings in Walmart were worth $128,630,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in shares of Walmart by 14.9% in the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer's stock valued at $503,517,000 after purchasing an additional 809,352 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in Walmart by 5.5% during the third quarter. EP Wealth Advisors LLC now owns 173,231 shares of the retailer's stock worth $13,988,000 after buying an additional 9,088 shares during the period. Delos Wealth Advisors LLC increased its position in Walmart by 4.9% during the third quarter. Delos Wealth Advisors LLC now owns 50,159 shares of the retailer's stock valued at $4,050,000 after acquiring an additional 2,344 shares during the last quarter. Dunhill Financial LLC lifted its stake in shares of Walmart by 74.9% during the 3rd quarter. Dunhill Financial LLC now owns 1,459 shares of the retailer's stock worth $118,000 after acquiring an additional 625 shares during the last quarter. Finally, Kensington Investment Counsel LLC boosted its position in Walmart by 0.8% in the 3rd quarter. Kensington Investment Counsel LLC now owns 56,997 shares of the retailer's stock valued at $4,603,000 after buying an additional 472 shares during the period. 26.76% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the transaction, the chief executive officer now owns 3,766,491 shares of the company's stock, valued at approximately $348,852,396.42. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 178,852 shares of company stock valued at $16,785,080 over the last three months. Company insiders own 45.58% of the company's stock.

Walmart Stock Up 1.3 %

WMT traded up $1.18 during trading hours on Thursday, reaching $90.78. 20,903,200 shares of the stock traded hands, compared to its average volume of 17,517,938. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The firm's fifty day simple moving average is $92.76 and its two-hundred day simple moving average is $89.73. The company has a market cap of $727.74 billion, a price-to-earnings ratio of 37.51, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion for the quarter, compared to analysts' expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.04%. Walmart's dividend payout ratio is currently 39.00%.

Analyst Ratings Changes

Several brokerages recently issued reports on WMT. Jefferies Financial Group lifted their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Evercore ISI decreased their price objective on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Citigroup restated a "positive" rating on shares of Walmart in a report on Thursday, February 20th. Truist Financial lifted their target price on Walmart from $98.00 to $111.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 target price (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $102.43.

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.