Walmart (NYSE:WMT) EVP Sells 1,655 Shares

Key Points

• Walmart's EVP Daniel Bartlett sold 1,655 shares at an average price of $100.38, totaling approximately $166,129, decreasing his ownership by 0.25%.
• The company announced a dividend of $0.235 per share, to be paid on September 2nd, with a yield of 90.0% and a dividend payout ratio of 40.17%.
• Walmart's stock has been rated as a Buy by multiple analysts, with a consensus price target of $109.89.

Walmart Inc. (NYSE:WMT - Get Free Report) EVP Daniel Bartlett sold 1,655 shares of Walmart stock in a transaction on Friday, August 15th. The shares were sold at an average price of $100.38, for a total value of $166,128.90. Following the sale, the executive vice president directly owned 647,578 shares of the company's stock, valued at approximately $65,003,879.64. This trade represents a 0.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Walmart Stock Up 0.6%

Shares of Walmart stock traded up $0.6140 during trading on Tuesday, hitting $101.3140. 16,867,750 shares of the stock traded hands, compared to its average volume of 18,898,182. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The stock's fifty day simple moving average is $97.67 and its 200 day simple moving average is $95.58. The firm has a market cap of $808.53 billion, a P/E ratio of 43.30, a price-to-earnings-growth ratio of 4.80 and a beta of 0.66. Walmart Inc. has a 52-week low of $73.72 and a 52-week high of $105.30.

Walmart Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a yield of 90.0%. Walmart's dividend payout ratio (DPR) is 40.17%.

Institutional Trading of Walmart

A number of institutional investors have recently made changes to their positions in WMT. Whelan Financial boosted its holdings in Walmart by 2.3% in the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock worth $392,000 after acquiring an additional 97 shares in the last quarter. Atlas Legacy Advisors LLC boosted its stake in Walmart by 1.1% in the 2nd quarter. Atlas Legacy Advisors LLC now owns 8,707 shares of the retailer's stock worth $851,000 after purchasing an additional 98 shares in the last quarter. Meridian Wealth Partners LLC grew its position in Walmart by 2.1% during the 2nd quarter. Meridian Wealth Partners LLC now owns 4,804 shares of the retailer's stock worth $470,000 after purchasing an additional 99 shares during the last quarter. Bedel Financial Consulting Inc. increased its stake in Walmart by 0.4% during the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock valued at $2,275,000 after purchasing an additional 102 shares in the last quarter. Finally, Revolve Wealth Partners LLC raised its holdings in shares of Walmart by 1.1% in the second quarter. Revolve Wealth Partners LLC now owns 9,830 shares of the retailer's stock worth $961,000 after buying an additional 103 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Analysts Set New Price Targets

WMT has been the subject of several research reports. Truist Financial upped their price target on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. DA Davidson restated a "buy" rating and set a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Erste Group Bank upgraded Walmart from a "hold" rating to a "buy" rating in a report on Tuesday, August 5th. Mizuho reissued an "outperform" rating and issued a $115.00 price target on shares of Walmart in a research report on Wednesday, August 13th. Finally, KeyCorp upped their price objective on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $109.89.

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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