Insider Selling: Walmart Inc. (NYSE:WMT) EVP Sells 4,000 Shares of Stock

Walmart Inc. (NYSE:WMT) EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value 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 $76,350,158.55. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Walmart Stock Up 0.1 %

Shares of NYSE WMT opened at $85.94 on Friday. The stock has a market cap of $688.93 billion, a P/E ratio of 35.66, a PEG ratio of 4.42 and a beta of 0.53. 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 business’s fifty day simple moving average is $95.19 and its 200-day simple moving average is $88.95.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. As a group, equities analysts predict that Walmart Inc. will post 2.55 EPS 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 paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is presently 39.00%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WMT shares. Stifel Nicolaus dropped their price target on Walmart from $99.00 to $93.00 and set a “hold” rating for the company in a research report on Thursday. Truist Financial upped their price target on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Tuesday, February 25th. Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Finally, Telsey Advisory Group reiterated an “outperform” rating on shares of Walmart in a research report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $103.17.

Institutional Trading of Walmart

A number of hedge funds and other institutional investors have recently bought and sold shares of WMT. Swedbank AB raised its stake in Walmart by 0.4% in the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after buying an additional 18,644 shares in the last quarter. Principal Financial Group Inc. grew its holdings 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 worth $503,517,000 after purchasing an additional 809,352 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Walmart during the third quarter worth about $336,000. Thompson Davis & CO. Inc. grew its holdings in shares of Walmart by 57.2% during the third quarter. Thompson Davis & CO. Inc. now owns 5,007 shares of the retailer’s stock worth $404,000 after purchasing an additional 1,821 shares during the last quarter. Finally, Prospera Private Wealth LLC grew its holdings in shares of Walmart by 845.9% during the third quarter. Prospera Private Wealth LLC now owns 518,984 shares of the retailer’s stock worth $41,908,000 after purchasing an additional 464,118 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

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.