Walmart Inc. (NYSE:WMT - Get Free Report) EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total transaction of $166,883.20. Following the completion of the sale, the executive vice president now owns 520,275 shares of the company's stock, valued at $49,332,475.50. This trade represents a 0.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Walmart Stock Up 2.2 %
Shares of Walmart stock traded up $1.98 during trading hours on Friday, hitting $93.17. 21,350,174 shares of the company's stock traded hands, compared to its average volume of 17,819,973. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The company has a market cap of $746.93 billion, a PE ratio of 38.66, a PEG ratio of 4.42 and a beta of 0.69. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock has a 50 day simple moving average of $91.52 and a 200-day simple moving average of $90.26.
Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.
Walmart Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.01%. Walmart's dividend payout ratio (DPR) is presently 39.00%.
Analyst Upgrades and Downgrades
Several research firms have commented on WMT. Evercore ISI lowered their price target on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. DZ Bank raised shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research note on Tuesday, February 25th. Morgan Stanley reissued an "overweight" rating and set a $115.00 price target (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. UBS Group decreased their price objective on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Oppenheimer lowered their target price on Walmart from $110.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Three investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $103.58.
Read Our Latest Analysis on WMT
Hedge Funds Weigh In On Walmart
Hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its holdings 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 buying an additional 809,352 shares during the period. Virtu Financial LLC bought a new stake in Walmart during the third quarter worth approximately $541,000. SOA Wealth Advisors LLC. boosted its holdings in Walmart by 4.2% during the third quarter. SOA Wealth Advisors LLC. now owns 9,052 shares of the retailer's stock worth $731,000 after buying an additional 364 shares in the last quarter. Aldebaran Financial Inc. grew its holdings in shares of Walmart by 10.9% in the 3rd quarter. Aldebaran Financial Inc. now owns 22,250 shares of the retailer's stock worth $1,797,000 after acquiring an additional 2,191 shares during the last quarter. Finally, Tudor Financial Inc. purchased a new position in Walmart in the 3rd quarter worth about $504,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.
About Walmart
(
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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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