Walmart Inc. (NYSE:WMT) EVP Kathryn J. Mclay Sells 4,000 Shares

Walmart Inc. (NYSE:WMT) EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Walmart Stock Performance

Shares of Walmart stock opened at $85.78 on Friday. The stock has a market cap of $687.70 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The business has a fifty day simple moving average of $95.34 and a 200-day simple moving average of $88.89. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30.

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

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. Walmart’s dividend payout ratio is 39.00%.

Institutional Trading of Walmart

Several hedge funds and other institutional investors have recently modified their holdings of WMT. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart during the fourth quarter worth $25,000. Horizon Financial Services LLC raised its holdings in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after acquiring an additional 262 shares in the last quarter. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart during the fourth quarter worth $27,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart during the fourth quarter worth $32,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Walmart during the fourth quarter worth $37,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WMT has been the topic of a number of research reports. Wells Fargo & Company increased their price target on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Telsey Advisory Group reiterated an “outperform” rating on shares of Walmart in a research report on Friday, February 28th. Jefferies Financial Group increased their price target on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Tigress Financial raised their target price on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Guggenheim restated a “buy” rating and issued a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $103.17.

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.