Walmart Inc. (NYSE:WMT - Get Free Report) EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total transaction of $195,052.00. Following the completion of the sale, the executive vice president now owns 398,024 shares of the company's stock, valued at $35,288,807.84. This represents a 0.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Walmart Price Performance
Shares of NYSE:WMT opened at $87.10 on Friday. The stock has a market cap of $698.23 billion, a P/E ratio of 36.14, a P/E/G ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The company has a 50 day moving average of $94.25 and a 200 day moving average of $89.50. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.
Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion for the quarter, compared to analysts' expectations of $178.83 billion. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.
Walmart Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.08%. Walmart's dividend payout ratio (DPR) is presently 39.00%.
Institutional Investors Weigh In On Walmart
Large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in Walmart by 14.9% in the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer's stock worth $503,517,000 after buying an additional 809,352 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Walmart in the 3rd quarter valued at $270,000. Motley Fool Asset Management LLC bought a new position in shares of Walmart during the 3rd quarter valued at $28,828,000. Mission Creek Capital Partners Inc. raised its position in Walmart by 1.6% in the 3rd quarter. Mission Creek Capital Partners Inc. now owns 35,280 shares of the retailer's stock worth $2,849,000 after purchasing an additional 558 shares during the period. Finally, Polymer Capital Management HK LTD bought a new stake in Walmart in the third quarter worth $787,000. Hedge funds and other institutional investors own 26.76% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have weighed in on WMT. UBS Group reaffirmed a "buy" rating on shares of Walmart in a research note on Friday, February 28th. Guggenheim reiterated a "buy" rating and issued a $100.00 price target on shares of Walmart in a report on Monday, February 24th. Oppenheimer boosted their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Jefferies Financial Group upped their target price on Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Finally, Piper Sandler lifted their price target on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Two 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $103.17.
Check Out Our Latest Stock Analysis on Walmart
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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