Rep. Debbie Dingell Purchases Shares of Walmart Inc. (NYSE:WMT)

Representative Debbie Dingell (D-Michigan) recently bought shares of Walmart Inc. NYSE: WMT. In a filing disclosed on April 02nd, the Representative disclosed that they had bought between $15,001 and $50,000 in Walmart stock on March 27th. The trade occurred in the Representative's "MORGAN STANLEY SMITH BARNEY LLC BROKERAGE ACCOUNT" account.

Representative Debbie Dingell also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Walt Disney NYSE: DIS on 1/15/2025.

Walmart Stock Down 4.8 %

NYSE WMT traded down $4.17 during mid-day trading on Friday, reaching $83.09. The stock had a trading volume of 36,185,150 shares, compared to its average volume of 17,156,570. The company has a fifty day moving average price of $94.25 and a 200 day moving average price of $89.50. 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 1 year low of $58.56 and a 1 year high of $105.30. The stock has a market cap of $666.12 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. On average, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

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Walmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio (DPR) is currently 39.00%.

Insider Activity

In other news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares of the company's stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 178,852 shares of company stock valued at $16,785,080. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on WMT shares. Robert W. Baird lifted their target price on shares of Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Stifel Nicolaus dropped their price target on Walmart from $99.00 to $93.00 and set a "hold" rating on the stock in a research note on Thursday, March 20th. JPMorgan Chase & Co. upped their price objective on Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. KeyCorp raised their target price on Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, Erste Group Bank lowered shares of Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $103.17.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in shares of Walmart by 14.9% during the third 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 last quarter. Quantbot Technologies LP bought a new position in Walmart in the 3rd quarter valued at $270,000. PDT Partners LLC bought a new position in Walmart in the 3rd quarter valued at $538,000. Beacon Investment Advisory Services Inc. increased its stake in Walmart by 2.7% in the third quarter. Beacon Investment Advisory Services Inc. now owns 5,175 shares of the retailer's stock worth $418,000 after purchasing an additional 135 shares during the period. Finally, Hilltop Holdings Inc. lifted its position in shares of Walmart by 32.8% during the third quarter. Hilltop Holdings Inc. now owns 67,487 shares of the retailer's stock worth $5,450,000 after purchasing an additional 16,683 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

About Representative Dingell

Debbie Dingell (Democratic Party) is a member of the U.S. House, representing Michigan's 6th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. Dingell (Democratic Party) ran for re-election to the U.S. House to represent Michigan's 6th Congressional District. She won in the general election on November 5, 2024. Dingell was born in Detroit, Michigan, and attended high school at the Convent of the Sacred Heart. Dingell went on to attend Georgetown University, where she earned a bachelor's degree in foreign service in 1975 and a master's degree in liberal studies in 1996. Dingell worked for General Motors Corporation (GM) for over 30 years, serving as president of the GM Foundation and as a senior executive handing public affairs. She also served as chairwoman of the Manufacturing Initiative at the American Automotive Policy Council. Her first elected position was to Wayne State University's Board of Governors, when Dingell was elected to serve an eight-year term in 2006. She was also appointed to positions with the Early Childhood Investment Corporation and the Cherry Commission on Higher Education and Economic Growth by former Governor Jennifer Granholm.

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.