Walmart Inc. (NYSE:WMT) EVP Sells $166,883.20 in Stock

Walmart Inc. (NYSE:WMT) EVP Daniel J. Bartlett sold 1,760 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total transaction of $166,883.20. Following the completion of the transaction, the executive vice president now directly owns 520,275 shares in the company, valued at $49,332,475.50. This trade represents a 0.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Walmart Trading Up 2.2 %

Walmart stock traded up $1.98 during trading hours on Thursday, reaching $93.17. The company had a trading volume of 21,350,174 shares, compared to its average volume of 17,787,022. The firm has a market cap of $746.93 billion, a price-to-earnings ratio of 38.66, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. 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 company has a 50-day moving average price of $91.90 and a 200 day moving average price of $90.09.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued 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 1.01%. Walmart’s dividend payout ratio is presently 39.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. World Investment Advisors boosted its holdings in Walmart by 7.6% in the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock valued at $24,532,000 after acquiring an additional 19,233 shares in the last quarter. Candriam S.C.A. lifted its holdings in Walmart by 209.7% in the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock worth $79,960,000 after buying an additional 599,257 shares during the period. Bank of New Hampshire boosted its position in Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after acquiring an additional 5,786 shares in the last quarter. Modera Wealth Management LLC raised its position in shares of Walmart by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock worth $18,355,000 after acquiring an additional 9,292 shares in the last quarter. Finally, Iowa State Bank grew its stake in Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after purchasing an additional 18,263 shares during the period. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WMT shares. Piper Sandler boosted their target price on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. KeyCorp upped their price objective on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Citigroup reissued a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Roth Mkm restated a “buy” rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Finally, Stifel Nicolaus cut their price target on Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.58.

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.