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John D. Rainey Sells 2,200 Shares of Walmart Inc. (NYSE:WMT) Stock

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Walmart Inc. (NYSE:WMT - Get Free Report) EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total value of $195,052.00. Following the completion of the transaction, the executive vice president now directly owns 398,024 shares of the company's stock, valued at $35,288,807.84. The trade was a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Walmart Stock Performance

NYSE:WMT traded down $2.67 during mid-day trading on Thursday, hitting $87.10. The stock had a trading volume of 32,983,467 shares, compared to its average volume of 17,059,680. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $698.23 billion, a price-to-earnings ratio of 36.14, a P/E/G ratio of 4.42 and a beta of 0.53. The company has a 50 day simple moving average of $94.38 and a 200-day simple moving average of $89.52.

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

Walmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's payout ratio is 39.00%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its position in Walmart by 14.9% in the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer's stock worth $503,517,000 after purchasing an additional 809,352 shares during the last quarter. Quantbot Technologies LP acquired a new position in Walmart in the third quarter worth approximately $270,000. Motley Fool Asset Management LLC bought a new position in Walmart during the third quarter valued at approximately $28,828,000. Mission Creek Capital Partners Inc. lifted its stake in Walmart by 1.6% in the third quarter. Mission Creek Capital Partners Inc. now owns 35,280 shares of the retailer's stock valued at $2,849,000 after acquiring an additional 558 shares during the last quarter. Finally, Polymer Capital Management HK LTD bought a new stake in Walmart in the third quarter worth approximately $787,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on WMT shares. Telsey Advisory Group reissued an "outperform" rating on shares of Walmart in a research note on Friday, February 28th. Wells Fargo & Company lifted their price objective on Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. increased their target price on Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Guggenheim reissued a "buy" rating and issued a $100.00 price target on shares of Walmart in a report on Monday, February 24th. Finally, UBS Group reaffirmed a "buy" rating on shares of Walmart in a research note on Friday, February 28th. Two 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 MarketBeat, Walmart currently has a consensus rating of "Moderate Buy" and an average price target of $103.17.

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Read Our Latest Stock Analysis on Walmart

About Walmart

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Walmart (NYSE:WMT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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