Walmart Inc. (NYSE:WMT - Get Free Report) was up 1.6% during trading on Monday . The company traded as high as $96.30 and last traded at $96.55. Approximately 2,934,973 shares traded hands during trading, a decline of 84% from the average daily volume of 18,098,780 shares. The stock had previously closed at $95.05.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on WMT shares. Oppenheimer lifted their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Raymond James Financial cut their price objective 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. Wall Street Zen raised shares of Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Truist Financial increased 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, Citigroup reissued a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Walmart has a consensus rating of "Moderate Buy" and an average target price of $106.67.
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Walmart Stock Performance
The company has a market cap of $763.14 billion, a P/E ratio of 40.87, a PEG ratio of 4.57 and a beta of 0.68. The firm has a 50 day moving average of $96.81 and a 200-day moving average of $94.68. 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 (NYSE:WMT - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.60 EPS. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.
Walmart Dividend Announcement
The business also recently announced 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 of this dividend was Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio (DPR) is presently 40.17%.
Insider Buying and Selling
In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the sale, the executive vice president owned 945,434 shares of the company's stock, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction of $217,800.00. Following the sale, the executive vice president owned 630,518 shares of the company's stock, valued at $62,421,282. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 138,695 shares of company stock worth $13,336,162. 45.58% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. World Investment Advisors lifted its stake in shares of Walmart by 7.6% in the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock valued at $24,532,000 after purchasing an additional 19,233 shares during the period. Full Sail Capital LLC boosted its stake in shares of Walmart by 6.6% during the 4th quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock worth $786,000 after acquiring an additional 541 shares in the last quarter. Leslie Global Wealth LLC increased its stake in Walmart by 22.0% in the 4th quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock valued at $285,000 after purchasing an additional 568 shares in the last quarter. Scalar Gauge Management LLC raised its holdings in Walmart by 76.9% during the fourth quarter. Scalar Gauge Management LLC now owns 69,000 shares of the retailer's stock worth $6,234,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Monument Capital Management boosted its position in Walmart by 94.2% during the first quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock worth $4,829,000 after purchasing an additional 26,685 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.
Walmart Company Profile
(
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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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