Walmart (NYSE:WMT) Stock Price Down 0% Following Insider Selling

Shares of Walmart Inc. (NYSE:WMT) traded down 0% during trading on Tuesday after an insider sold shares in the company. The company traded as low as $97.71 and last traded at $98.08. 3,216,731 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 17,798,075 shares. The stock had previously closed at $98.12.

Specifically, EVP Daniel J. Bartlett sold 1,778 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $93.77, for a total value of $166,723.06. Following the transaction, the executive vice president now directly owns 652,737 shares of the company’s stock, valued at approximately $61,207,148.49. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Raymond James cut their target price 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. Piper Sandler upped their price target on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 price target on shares of Walmart in a report on Monday, May 12th. UBS Group lowered their target price on Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, Citigroup reissued a “buy” rating on shares of Walmart in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $104.94.

Walmart Price Performance

The stock has a market capitalization of $784.69 billion, a PE ratio of 40.70, a P/E/G ratio of 4.42 and a beta of 0.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The firm’s 50 day simple moving average is $91.45 and its 200 day simple moving average is $92.66.

Walmart (NYSE:WMT) last posted 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. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be issued a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart’s dividend payout ratio (DPR) is presently 40.17%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WMT. FPC Investment Advisory Inc. bought a new stake in shares of Walmart during the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC lifted its position in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after buying an additional 262 shares during the period. Fiduciary Advisors Inc. bought a new stake in shares of Walmart during the 4th quarter valued at $27,000. Operose Advisors LLC boosted its stake in Walmart by 319.7% during the first quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock worth $28,000 after acquiring an additional 243 shares in the last quarter. Finally, Bear Mountain Capital Inc. grew its holdings in Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock worth $32,000 after purchasing an additional 167 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Company Profile

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.