Walmart Inc. (NYSE:WMT - Get Free Report) EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the transaction, the executive vice president owned 628,318 shares in the company, valued at $61,851,623.92. The trade was a 0.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Walmart Stock Up 0.7%
NYSE:WMT traded up $0.68 during mid-day trading on Friday, reaching $98.29. The company's stock had a trading volume of 7,686,204 shares, compared to its average volume of 18,082,978. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The stock has a fifty day moving average of $97.07 and a 200-day moving average of $94.33. The firm has a market capitalization of $784.40 billion, a PE ratio of 42.00, a price-to-earnings-growth ratio of 4.70 and a beta of 0.68.
Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.60 earnings per share. Equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.
Walmart Dividend Announcement
The company also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio is presently 40.17%.
Institutional Investors Weigh In On Walmart
A number of hedge funds and other institutional investors have recently bought and sold shares of WMT. Horizon Financial Services LLC raised its holdings in shares of 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. Operose Advisors LLC boosted its position in Walmart by 319.7% in the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock valued at $28,000 after buying an additional 243 shares during the last quarter. Bear Mountain Capital Inc. increased its holdings in Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after buying an additional 167 shares during the period. Clal Insurance Enterprises Holdings Ltd lifted its stake in Walmart by 432.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $32,000 after acquiring an additional 294 shares during the period. Finally, EQ Wealth Advisors LLC purchased a new stake in shares of Walmart in the 1st quarter valued at $35,000. Hedge funds and other institutional investors own 26.76% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Mizuho raised their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, June 9th. Stifel Nicolaus reduced their price target on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Robert W. Baird upped their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Wall Street Zen upgraded Walmart from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Oppenheimer boosted their target price on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.
Read Our Latest Stock Analysis on Walmart
About Walmart
(
Get Free Report)
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.
Featured Stories
Before you consider Walmart, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walmart wasn't on the list.
While Walmart currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
