Walmart Inc. (NYSE:WMT) EVP Sells $195,052.00 in Stock

Walmart Inc. (NYSE:WMT) EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the completion of the transaction, the executive vice president now owns 398,024 shares of the company’s stock, valued at approximately $35,288,807.84. This trade represents a 0.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Walmart Price Performance

NYSE WMT opened at $83.09 on Friday. The stock has a market cap of $666.12 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The company’s 50 day moving average is $94.01 and its two-hundred day moving average is $89.59. 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) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is 39.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. The Goldman Sachs Group restated a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Barclays reiterated an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Tuesday, February 25th. Finally, Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $103.17.

Institutional Trading of Walmart

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whelan Financial lifted its holdings in shares of Walmart by 2.3% in the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock worth $392,000 after buying an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Walmart by 1.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock worth $538,000 after purchasing an additional 98 shares in the last quarter. Coyle Financial Counsel LLC boosted its holdings in shares of Walmart by 3.1% during the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock valued at $310,000 after purchasing an additional 102 shares during the last quarter. SC&H Financial Advisors Inc. grew its position in shares of Walmart by 1.0% during the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after purchasing an additional 103 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC increased its holdings in shares of Walmart by 0.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock worth $1,417,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

About Walmart

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.