Walmart Inc. (NYSE:WMT) EVP John D. Rainey Sells 2,200 Shares

Walmart Inc. (NYSE:WMT - Get Free Report) EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the transaction, the executive vice president now owns 630,518 shares in the company, valued at $62,421,282. The trade was 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 this hyperlink.

Walmart Stock Performance

NYSE:WMT traded down $1.53 during trading hours on Thursday, reaching $97.82. The company had a trading volume of 15,798,200 shares, compared to its average volume of 20,639,125. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The firm has a market cap of $782.64 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The business's 50 day moving average price is $94.33 and its 200-day moving average price is $93.67. Walmart Inc. has a 1-year low of $65.64 and a 1-year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter in the previous year, the company earned $0.60 earnings per share. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. Research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio (DPR) is presently 40.17%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in WMT. CBIZ Investment Advisory Services LLC lifted its holdings in Walmart by 9.4% during the first quarter. CBIZ Investment Advisory Services LLC now owns 3,209 shares of the retailer's stock valued at $282,000 after purchasing an additional 275 shares in the last quarter. Modern Wealth Management LLC raised its position in shares of Walmart by 15.3% during the 1st quarter. Modern Wealth Management LLC now owns 62,202 shares of the retailer's stock worth $5,461,000 after purchasing an additional 8,234 shares during the last quarter. Nova Wealth Management Inc. lifted its stake in Walmart by 93.1% in the 1st quarter. Nova Wealth Management Inc. now owns 585 shares of the retailer's stock valued at $51,000 after buying an additional 282 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Walmart by 40.5% in the 1st quarter. Jones Financial Companies Lllp now owns 461,806 shares of the retailer's stock worth $39,419,000 after buying an additional 133,134 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Walmart in the 1st quarter worth about $147,784,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Wall Street Analyst Weigh In

WMT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Barclays reaffirmed an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Morgan Stanley reissued an "overweight" rating and issued a $115.00 target price (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. UBS Group reduced their price target on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Stifel Nicolaus lowered their price objective on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.16.

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.