Walmart Inc. (NYSE:WMT) EVP Sells $180,780.00 in Stock

Walmart Inc. (NYSE:WMTGet Free Report) EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $60.26, for a total value of $180,780.00. Following the completion of the sale, the executive vice president now owns 524,613 shares of the company’s stock, valued at $31,613,179.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Walmart Stock Performance

NYSE WMT opened at $59.44 on Thursday. The company has a quick ratio of 0.24, a current ratio of 0.83 and a debt-to-equity ratio of 0.46. The stock has a market cap of $478.97 billion, a price-to-earnings ratio of 31.07, a price-to-earnings-growth ratio of 3.92 and a beta of 0.49. Walmart Inc. has a fifty-two week low of $48.34 and a fifty-two week high of $61.65. The business has a fifty day moving average of $58.47 and a 200-day moving average of $55.01.

Walmart (NYSE:WMTGet Free Report) last announced its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.05. The firm had revenue of $173.40 billion during the quarter, compared to the consensus estimate of $170.85 billion. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 EPS. As a group, analysts predict that Walmart Inc. will post 2.36 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be paid a $0.2075 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.83 annualized dividend and a yield of 1.40%. Walmart’s payout ratio is currently 43.38%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Duncan Williams Asset Management LLC acquired a new position in shares of Walmart during the 1st quarter valued at about $580,000. Peoples Bank KS grew its holdings in Walmart by 190.4% in the first quarter. Peoples Bank KS now owns 29,529 shares of the retailer’s stock valued at $1,777,000 after purchasing an additional 19,361 shares during the period. Versant Capital Management Inc increased its position in Walmart by 218.4% during the first quarter. Versant Capital Management Inc now owns 5,387 shares of the retailer’s stock worth $324,000 after purchasing an additional 3,695 shares during the last quarter. Arden Trust Co raised its stake in Walmart by 200.0% during the first quarter. Arden Trust Co now owns 6,840 shares of the retailer’s stock worth $412,000 after purchasing an additional 4,560 shares during the period. Finally, Avondale Wealth Management boosted its holdings in shares of Walmart by 205.7% in the 1st quarter. Avondale Wealth Management now owns 10,700 shares of the retailer’s stock valued at $644,000 after purchasing an additional 7,200 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised their target price on Walmart from $62.00 to $63.33 and gave the stock a “buy” rating in a research note on Friday, February 16th. Stifel Europe raised their price objective on shares of Walmart from $56.33 to $58.33 in a research report on Friday, February 16th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 21st. Morgan Stanley reduced their price target on shares of Walmart to $66.67 and set an “overweight” rating on the stock in a research report on Monday, February 26th. Finally, Tigress Financial upped their target price on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Four investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $61.60.

Check Out Our Latest Stock Report on WMT

About Walmart

(Get Free Report)

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Insider Buying and Selling by Quarter for Walmart (NYSE:WMT)

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