Walmart Inc. (NYSE:WMT - Get Free Report) EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $93.50, for a total transaction of $374,000.00. Following the completion of the transaction, the executive vice president now owns 1,096,455 shares in the company, valued at approximately $102,518,542.50. The trade was a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Walmart Stock Performance
Shares of NYSE WMT traded up $0.16 during trading hours on Wednesday, hitting $95.01. 18,039,629 shares of the stock were exchanged, compared to its average volume of 17,839,538. The firm has a market capitalization of $761.68 billion, a P/E ratio of 39.42, a P/E/G ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The company's 50 day moving average is $91.09 and its 200 day moving average is $90.51.
Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. On average, research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.
Walmart Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.99%. Walmart's dividend payout ratio is 39.00%.
Institutional Investors Weigh In On Walmart
Several hedge funds and other institutional investors have recently modified their holdings of the stock. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the 4th quarter worth approximately $25,000. Horizon Financial Services LLC boosted its stake in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after buying an additional 262 shares in the last quarter. Fiduciary Advisors Inc. bought a new stake in Walmart in the 4th quarter valued at $27,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart in the 4th quarter valued at $32,000. Finally, EQ Wealth Advisors LLC acquired a new position in shares of Walmart in the 1st quarter valued at $35,000. Institutional investors and hedge funds own 26.76% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on WMT shares. Royal Bank of Canada cut their target price on shares of Walmart from $107.00 to $102.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Truist Financial raised their price target on Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Guggenheim restated a "buy" rating and set a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. StockNews.com cut Walmart from a "buy" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, 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 research report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $103.58.
Read Our Latest Analysis on WMT
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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