Walmart Inc. (NYSE:WMT - Get Free Report) EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $93.50, for a total value of $374,000.00. Following the transaction, the executive vice president now directly owns 1,096,455 shares of the company's stock, valued at $102,518,542.50. This represents a 0.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Walmart Stock Up 0.2 %
Shares of WMT stock opened at $95.01 on Thursday. The company has a market capitalization of $761.68 billion, a price-to-earnings ratio of 39.42, a PEG ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The stock's 50 day simple moving average is $90.91 and its 200 day simple moving average is $90.54. Walmart Inc. has a twelve month low of $58.58 and a twelve month high of $105.30.
Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion during the quarter, compared to analysts' expectations of $178.83 billion. As a group, research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.
Walmart Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio is currently 39.00%.
Hedge Funds Weigh In On Walmart
Several large investors have recently made changes to their positions in WMT. Vanguard Group Inc. lifted its holdings in shares of Walmart by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock worth $38,194,278,000 after buying an additional 2,050,683 shares during the last quarter. Geode Capital Management LLC increased its position in Walmart by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock worth $8,167,186,000 after acquiring an additional 3,017,829 shares during the period. Norges Bank acquired a new position in Walmart during the 4th quarter valued at $5,737,355,000. Fisher Asset Management LLC boosted its holdings in Walmart by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock valued at $4,408,452,000 after purchasing an additional 1,133,201 shares during the period. Finally, Northern Trust Corp grew its position in Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on WMT. StockNews.com lowered shares of Walmart from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Oppenheimer reduced their price objective on Walmart from $110.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Citigroup reaffirmed a "positive" rating on shares of Walmart in a report on Thursday, February 20th. Wells Fargo & Company lifted their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Finally, UBS Group reduced their price target on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Three analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $103.58.
Get Our Latest Stock Report on WMT
About Walmart
(
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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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