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 Performance

NYSE:WMT traded up $0.46 during trading hours on Monday, reaching $83.65. 36,845,575 shares of the stock were exchanged, compared to its average volume of 17,253,482. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $670.59 billion, a P/E ratio of 34.71, a P/E/G ratio of 4.42 and a beta of 0.69. The firm has a 50 day simple moving average of $93.74 and a 200-day simple moving average of $89.71.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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 paid a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.12%. Walmart's dividend payout ratio (DPR) is 39.00%.

Institutional Investors Weigh In On Walmart

Hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in Walmart in the 4th quarter worth $5,737,355,000. Raymond James Financial Inc. bought a new stake in shares of Walmart in the fourth quarter valued at about $2,306,627,000. GAMMA Investing LLC grew its position in Walmart by 9,896.9% during the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock worth $697,029,000 after buying an additional 7,860,306 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Walmart by 37.1% in the 4th quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer's stock worth $2,289,419,000 after acquiring an additional 6,860,189 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock valued at $2,893,079,000 after purchasing an additional 3,927,173 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on WMT shares. Stifel Nicolaus lowered their price target on shares of Walmart from $99.00 to $93.00 and set a "hold" rating for the company in a research report on Thursday, March 20th. UBS Group reissued a "buy" rating on shares of Walmart in a report on Friday, February 28th. Robert W. Baird increased their price target on Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Roth Mkm restated a "buy" rating and set a $108.00 price target (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Finally, Royal Bank of Canada cut their price objective on Walmart from $109.00 to $107.00 and set an "outperform" rating for the company in a report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Walmart has an average rating of "Moderate Buy" and an average price target of $103.17.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the transaction, the chief executive officer now owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now owns 423,597 shares of the company's stock, valued at $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 178,852 shares of company stock valued at $16,785,080. 45.58% of the stock is currently owned by insiders.

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.

Walmart Company Profile

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.