Insider Selling: Walmart Inc. (NYSE:WMT) EVP Sells 1,778 Shares of Stock

Walmart Inc. (NYSE:WMT - Get Free Report) EVP Daniel J. Bartlett sold 1,778 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $93.77, for a total transaction of $166,723.06. Following the completion of the sale, the executive vice president now directly owns 652,737 shares of the company's stock, valued at approximately $61,207,148.49. The trade was a 0.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Walmart Trading Down 0.1%

Shares of WMT stock traded down $0.14 during trading hours on Monday, hitting $98.10. 20,006,197 shares of the company's stock traded hands, compared to its average volume of 17,854,770. The stock's 50 day simple moving average is $91.19 and its 200 day simple moving average is $92.55. Walmart Inc. has a 12 month low of $63.87 and a 12 month high of $105.30. The stock has a market cap of $784.89 billion, a PE ratio of 40.71, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. 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 issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. Walmart's revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be issued a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart's dividend payout ratio (DPR) is currently 40.17%.

Hedge Funds Weigh In On Walmart

A number of hedge funds and other institutional investors have recently made changes to their positions in WMT. FPC Investment Advisory Inc. purchased a new stake in Walmart in the fourth quarter worth $25,000. Horizon Financial Services LLC increased its position in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after buying an additional 262 shares during the last quarter. Fiduciary Advisors Inc. purchased a new stake in Walmart in the fourth quarter worth $27,000. Operose Advisors LLC raised its stake in Walmart by 319.7% in the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock valued at $28,000 after acquiring an additional 243 shares during the period. Finally, Bear Mountain Capital Inc. raised its stake in Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after acquiring an additional 167 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WMT has been the topic of a number of analyst reports. Roth Mkm restated a "buy" rating and set a $108.00 target price (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Citigroup restated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Piper Sandler raised their price objective on Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Mizuho began coverage on Walmart in a research note on Friday, April 11th. They set an "outperform" rating and a $105.00 price objective on the stock. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $104.94.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.