Insider Selling: Walmart Inc. (NYSE:WMT) EVP Sells 1,600 Shares of Stock

Walmart Inc. (NYSE:WMT - Get Free Report) EVP Daniel J. Bartlett sold 1,600 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the transaction, the executive vice president now owns 423,597 shares in the company, valued at $44,049,852.03. The trade was a 0.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Walmart Price Performance

Shares of WMT traded down $2.51 during trading hours on Friday, hitting $94.70. 34,962,340 shares of the stock were exchanged, compared to its average volume of 16,919,441. The stock's 50-day moving average price is $95.62 and its two-hundred day moving average price is $86.25. Walmart Inc. has a 12-month low of $57.77 and a 12-month high of $105.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The company has a market cap of $760.77 billion, a price-to-earnings ratio of 38.86, a price-to-earnings-growth ratio of 4.40 and a beta of 0.55.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Research analysts expect that Walmart Inc. will post 2.48 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio (DPR) is 34.02%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. FPC Investment Advisory Inc. acquired a new position in Walmart during the fourth quarter worth $25,000. Horizon Financial Services LLC boosted 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 valued at $26,000 after acquiring an additional 262 shares during the last quarter. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart in the fourth quarter valued at about $27,000. Peterson Financial Group Inc. acquired a new stake in Walmart during the third quarter worth about $26,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Walmart during the fourth quarter worth about $32,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WMT shares. Truist Financial upped their target price on Walmart from $98.00 to $111.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Morgan Stanley restated an "overweight" rating and issued a $115.00 price objective (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Oppenheimer upped their target price on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Robert W. Baird upped their price objective on shares of Walmart from $100.00 to $115.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, DZ Bank lowered Walmart from a "buy" rating to a "hold" rating and set a $91.00 price objective for the company. in a research note on Thursday, November 21st. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned 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 price target of $102.43.

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.