Walmart Inc. (NYSE:WMT - Get Free Report) EVP Christopher James Nicholas sold 17,600 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the sale, the executive vice president now directly owns 348,357 shares in the company, valued at approximately $32,891,867.94. The trade was a 4.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Walmart Stock Performance
Shares of NYSE:WMT traded up $1.10 during trading on Thursday, hitting $97.30. 9,144,174 shares of the stock traded hands, compared to its average volume of 17,431,092. The company has a fifty day moving average price of $95.70 and a two-hundred day moving average price of $87.17. Walmart Inc. has a 52-week low of $58.20 and a 52-week high of $105.30. The company has a market cap of $781.68 billion, a price-to-earnings ratio of 40.41, a P/E/G ratio of 4.42 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.
Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to analysts' expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, equities analysts predict that Walmart Inc. will post 2.55 EPS for the current year.
Walmart Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.97%. Walmart's payout ratio is 39.00%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Barclays upped their price target on shares of Walmart from $98.00 to $108.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Piper Sandler increased their target price on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Sanford C. Bernstein increased their target price on shares of Walmart from $98.00 to $102.00 and gave the company an "outperform" rating in a research note on Wednesday, November 20th. Morgan Stanley reissued an "overweight" rating and issued a $115.00 target price (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Finally, Tigress Financial increased their target price on shares of Walmart from $86.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, December 13th. One research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $103.07.
Check Out Our Latest Stock Report on WMT
Institutional Trading of Walmart
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bernard Wealth Management Corp. purchased a new stake in Walmart in the 4th quarter valued at about $2,126,000. Yoffe Investment Management LLC purchased a new stake in Walmart in the 4th quarter valued at about $1,688,000. Capital A Wealth Management LLC purchased a new stake in Walmart in the 4th quarter valued at about $185,000. Lakeshore Capital Group Inc. purchased a new stake in Walmart in the 4th quarter valued at about $1,323,000. Finally, SWAN Capital LLC raised its holdings in Walmart by 137.8% in the 4th quarter. SWAN Capital LLC now owns 1,384 shares of the retailer's stock valued at $125,000 after buying an additional 802 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.
About Walmart
(
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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.
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