Walmart Inc. (NYSE:WMT) EVP Daniel J. Bartlett Sells 1,760 Shares

Walmart Inc. (NYSE:WMT) EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total transaction of $166,883.20. Following the transaction, the executive vice president now directly owns 520,275 shares of the company’s stock, valued at $49,332,475.50. This represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Walmart Stock Performance

Shares of WMT opened at $93.17 on Friday. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. The company’s 50 day simple moving average is $91.71 and its 200 day simple moving average is $90.18. The company has a market capitalization of $746.93 billion, a price-to-earnings ratio of 38.66, 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.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. On average, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders 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 yield of 1.01%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Institutional Trading of Walmart

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. purchased a new stake in Walmart in the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC boosted its holdings in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares during the last quarter. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart during the 4th quarter valued at $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart during the 4th quarter worth $32,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Walmart in the 4th quarter worth $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Evercore ISI cut their target price on Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Stifel Nicolaus cut their price objective on Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Mizuho initiated coverage on shares of Walmart in a research report on Friday, April 11th. They set an “outperform” rating and a $105.00 target price on the stock. Royal Bank of Canada lowered their price target on shares of Walmart from $107.00 to $102.00 and set an “outperform” rating on the stock in a research note on Thursday, April 10th. Finally, Piper Sandler raised their price objective on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Walmart has an average rating of “Moderate Buy” and an average price target of $103.58.

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.