Walmart Inc. (NYSE:WMT) EVP Sells $166,795.20 in Stock

Walmart Inc. (NYSE:WMT - Get Free Report) EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $94.77, for a total transaction of $166,795.20. Following the completion of the sale, the executive vice president now directly owns 650,977 shares in the company, valued at approximately $61,693,090.29. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Walmart Stock Performance

NYSE:WMT traded down $0.05 during mid-day trading on Tuesday, hitting $94.24. The company's stock had a trading volume of 14,923,426 shares, compared to its average volume of 17,943,587. The stock has a market cap of $752.04 billion, a price-to-earnings ratio of 40.27, a PEG ratio of 4.60 and a beta of 0.69. Walmart Inc. has a 1 year low of $66.55 and a 1 year high of $105.30. The business's fifty day moving average is $96.04 and its two-hundred day moving average is $94.11. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results 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. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter last year, the company earned $0.60 EPS. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Hedge Funds Weigh In On Walmart

A number of institutional investors have recently bought and sold shares of the company. World Investment Advisors lifted its holdings in Walmart by 7.6% during the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock worth $24,532,000 after buying an additional 19,233 shares in the last quarter. Candriam S.C.A. boosted its position in shares of Walmart by 209.7% in the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock valued at $79,960,000 after purchasing an additional 599,257 shares during the period. Modera Wealth Management LLC increased its holdings in shares of Walmart by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock valued at $18,355,000 after acquiring an additional 9,292 shares during the period. Cushing Capital Partners LLC acquired a new position in Walmart in the fourth quarter valued at $1,124,000. Finally, GWN Securities Inc. acquired a new stake in Walmart during the 4th quarter worth approximately $4,658,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WMT shares. Oppenheimer lifted their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. KeyCorp increased their price objective on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, June 9th. Raymond James Financial cut their target price on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Truist Financial lifted their price objective on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, DZ Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.50.

About Walmart

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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