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

Walmart Inc. (NYSE:WMT - Get Free Report) EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the transaction, the executive vice president now owns 398,024 shares in the company, valued at $35,288,807.84. The trade was a 0.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Walmart Stock Up 0.5 %

NYSE WMT traded up $0.46 during trading hours on Monday, reaching $83.65. 36,845,575 shares of the company traded hands, compared to its average volume of 17,253,482. The stock has a market capitalization of $670.59 billion, a PE ratio of 34.71, a PEG ratio of 4.42 and a beta of 0.69. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The company has a 50 day moving average of $93.74 and a two-hundred day moving average of $89.71.

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, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently announced 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 1.12%. Walmart's payout ratio is 39.00%.

Analyst Ratings Changes

Several equities research analysts have commented on WMT shares. Evercore ISI decreased their target price on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Piper Sandler boosted their price objective on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Erste Group Bank lowered Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Truist Financial raised their price objective on Walmart from $98.00 to $111.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Two equities 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $103.17.

Institutional Investors Weigh In On Walmart

Several institutional investors and hedge funds have recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new position in Walmart in the fourth quarter worth about $25,000. Horizon Financial Services LLC raised its position in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares during the period. Fiduciary Advisors Inc. bought a new stake in shares of Walmart in the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart in the 4th quarter worth approximately $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart during the 4th quarter valued at approximately $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

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.