Walmart (NYSE:WMT) Trading Down 0.1%

Shares of Walmart Inc. (NYSE:WMT - Get Free Report) dropped 0.1% during mid-day trading on Wednesday . The company traded as low as $60.52 and last traded at $60.58. Approximately 2,589,486 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 18,287,613 shares. The stock had previously closed at $60.62.

Analyst Ratings Changes

Several analysts have commented on the stock. Stifel Nicolaus restated a "hold" rating on shares of Walmart in a research note on Wednesday, March 13th. Morgan Stanley dropped their price objective on shares of Walmart to $66.67 and set an "overweight" rating for the company in a research note on Monday, February 26th. Stifel Europe upped their price target on Walmart from $56.33 to $58.33 in a research note on Friday, February 16th. Telsey Advisory Group reissued an "outperform" rating and set a $68.00 target price on shares of Walmart in a research note on Wednesday, March 27th. Finally, Oppenheimer dropped their price objective on shares of Walmart to $67.00 and set an "outperform" rating for the company in a report on Monday, February 26th. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $61.94.

Walmart Stock Down 0.5 %

The company has a market capitalization of $485.90 billion, a PE ratio of 31.66, a P/E/G ratio of 3.91 and a beta of 0.49. The company has a current ratio of 0.83, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46. The firm has a 50 day simple moving average of $60.08 and a two-hundred day simple moving average of $56.12.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.05. The firm had revenue of $173.40 billion for the quarter, compared to analyst estimates of $170.85 billion. Walmart had a net margin of 2.39% and a return on equity of 21.08%. Walmart's quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm posted $0.57 EPS. Research analysts expect that Walmart Inc. will post 2.36 EPS for the current year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be given a $0.2075 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a yield of 1.38%. Walmart's payout ratio is currently 43.38%.

Insider Buying and Selling at Walmart

In related news, major shareholder Jim C. Walton sold 2,000 shares of Walmart stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $58.78, for a total value of $117,560.00. Following the sale, the insider now directly owns 656,395,261 shares in the company, valued at $38,582,913,441.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, major shareholder Jim C. Walton sold 2,000 shares of the business's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $58.78, for a total transaction of $117,560.00. Following the sale, the insider now owns 656,395,261 shares of the company's stock, valued at $38,582,913,441.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David Chojnowski sold 10,950 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $58.33, for a total transaction of $638,750.00. Following the completion of the transaction, the senior vice president now directly owns 104,346 shares of the company's stock, valued at $6,086,850. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,019,140 shares of company stock valued at $1,696,045,631. 46.51% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Seven Mile Advisory raised its holdings in shares of Walmart by 1.6% in the third quarter. Seven Mile Advisory now owns 3,953 shares of the retailer's stock worth $632,000 after acquiring an additional 61 shares during the last quarter. Flynn Zito Capital Management LLC lifted its holdings in Walmart by 3.9% in the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer's stock valued at $258,000 after purchasing an additional 61 shares in the last quarter. ICW Investment Advisors LLC lifted its holdings in Walmart by 0.4% in the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer's stock valued at $2,436,000 after purchasing an additional 62 shares in the last quarter. Bill Few Associates Inc. boosted its stake in shares of Walmart by 1.1% during the 4th quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer's stock worth $915,000 after purchasing an additional 64 shares during the last quarter. Finally, Gateway Advisory LLC grew its holdings in shares of Walmart by 4.1% during the third quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer's stock worth $263,000 after buying an additional 65 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

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.

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