Insider Selling: Walmart Inc. (NYSE:WMT) EVP Sells 2,200 Shares of Stock

Walmart Inc. (NYSE:WMT - Get Free Report) EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $97.37, for a total value of $214,214.00. Following the completion of the transaction, the executive vice president now directly owns 632,718 shares of the company's stock, valued at $61,607,751.66. This trade represents a 0.35 % 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.

Walmart Stock Up 0.6 %

Shares of Walmart stock traded up $0.56 on Monday, hitting $99.31. 12,433,795 shares of the company traded hands, compared to its average volume of 17,829,421. Walmart Inc. has a 12-month low of $59.39 and a 12-month 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 company has a market cap of $794.57 billion, a PE ratio of 41.21, a PEG ratio of 4.42 and a beta of 0.70. The company has a 50-day moving average price of $90.52 and a 200 day moving average price of $91.47.

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

Walmart Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be given a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart's dividend payout ratio is 39.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Kingsman Wealth Management Inc. acquired a new position in Walmart during the first quarter worth $4,967,000. OneAscent Wealth Management LLC increased its holdings in shares of Walmart by 3.9% during the 1st quarter. OneAscent Wealth Management LLC now owns 7,264 shares of the retailer's stock valued at $638,000 after acquiring an additional 273 shares during the last quarter. Horizon Investment Services LLC raised its stake in shares of Walmart by 5.6% in the 1st quarter. Horizon Investment Services LLC now owns 3,734 shares of the retailer's stock valued at $328,000 after acquiring an additional 198 shares in the last quarter. Wealth Dimensions Group Ltd. lifted its holdings in Walmart by 4.2% in the 1st quarter. Wealth Dimensions Group Ltd. now owns 8,723 shares of the retailer's stock worth $766,000 after purchasing an additional 348 shares during the last quarter. Finally, Verus Financial Partners Inc. boosted its position in Walmart by 24.5% during the first quarter. Verus Financial Partners Inc. now owns 2,782 shares of the retailer's stock worth $261,000 after purchasing an additional 547 shares during the period. Institutional investors own 26.76% of the company's stock.

Analyst Ratings Changes

WMT has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price target on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. The Goldman Sachs Group reissued a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. UBS Group reduced their price target on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Erste Group Bank lowered shares of Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Robert W. Baird upped their target price on Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $103.58.

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.