Walmart Inc. (NYSE:WMT - Get Free Report) was down 0.3% during trading on Thursday following insider selling activity. The company traded as low as $95.91 and last traded at $96.14. Approximately 2,830,932 shares traded hands during trading, a decline of 86% from the average daily volume of 20,931,342 shares. The stock had previously closed at $96.43.
Specifically, EVP Kathryn J. Mclay sold 28,000 shares of Walmart stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total value of $2,716,000.00. Following the completion of the transaction, the executive vice president now owns 1,064,455 shares of the company's stock, valued at approximately $103,252,135. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $96.75, for a total transaction of $387,000.00. Following the transaction, the executive vice president now owns 1,092,455 shares of the company's stock, valued at $105,695,021.25. This represents a 0.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In other news, EVP Daniel J. Bartlett sold 1,778 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $93.77, for a total value of $166,723.06. Following the transaction, the executive vice president now owns 652,737 shares in the company, valued at $61,207,148.49. This trade represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Wall Street Analyst Weigh In
Several brokerages have issued reports on WMT. Raymond James dropped their target price on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, April 11th. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Royal Bank of Canada reiterated an "outperform" rating and issued a $102.00 price objective on shares of Walmart in a report on Friday, May 16th. Barclays restated an "overweight" rating on shares of Walmart in a report on Friday, February 28th. Finally, Morgan Stanley restated an "overweight" rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. 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 company's stock. According to MarketBeat.com, Walmart has a consensus rating of "Moderate Buy" and an average target price of $104.94.
View Our Latest Research Report on WMT
Walmart Price Performance
The stock has a 50 day moving average price of $91.95 and a two-hundred day moving average price of $92.72. The company has a market capitalization of $770.77 billion, a PE ratio of 39.89, a P/E/G ratio of 4.42 and a beta of 0.70. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.
Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business 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 firm earned $0.60 EPS. The firm's revenue was up 2.5% compared to the same quarter last year. Equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.
Walmart Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart's payout ratio is 40.17%.
Institutional Trading of Walmart
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart in the 4th quarter valued at $25,000. Horizon Financial Services LLC increased its holdings in shares of Walmart by 1,007.7% during 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 in the last quarter. Fiduciary Advisors Inc. acquired a new position in Walmart in the fourth quarter worth $27,000. Operose Advisors LLC grew its holdings in Walmart by 319.7% during the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after acquiring an additional 243 shares during the last quarter. Finally, Bear Mountain Capital Inc. raised its position 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 purchasing an additional 167 shares during the last quarter. Institutional investors own 26.76% of the company's stock.
Walmart Company Profile
(
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.
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