Walmart Inc. (NYSE:WMT) EVP Sells $166,723.06 in Stock

Walmart Inc. (NYSE:WMT) EVP Daniel J. Bartlett sold 1,778 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $93.77, for a total transaction of $166,723.06. Following the completion of the sale, the executive vice president now owns 652,737 shares in the company, valued at approximately $61,207,148.49. This trade represents a 0.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Walmart Stock Performance

WMT stock opened at $97.81 on Wednesday. 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 has a market capitalization of $782.57 billion, a price-to-earnings ratio of 40.59, a PEG ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 1 year low of $64.16 and a 1 year high of $105.30. The stock’s fifty day moving average is $91.72 and its two-hundred day moving average is $92.70.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same period in the prior year, the company posted $0.60 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio is currently 40.17%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Acorns Advisers LLC boosted its holdings in shares of Walmart by 10.5% in the first quarter. Acorns Advisers LLC now owns 8,256 shares of the retailer’s stock worth $725,000 after buying an additional 787 shares during the period. Fortis Capital Advisors LLC boosted its holdings in shares of Walmart by 63.2% in the first quarter. Fortis Capital Advisors LLC now owns 4,659 shares of the retailer’s stock worth $409,000 after buying an additional 1,805 shares during the period. Belpointe Asset Management LLC boosted its holdings in shares of Walmart by 2.4% in the first quarter. Belpointe Asset Management LLC now owns 44,513 shares of the retailer’s stock worth $3,908,000 after buying an additional 1,031 shares during the period. Flaharty Asset Management LLC boosted its holdings in shares of Walmart by 3.7% in the first quarter. Flaharty Asset Management LLC now owns 6,459 shares of the retailer’s stock worth $567,000 after buying an additional 233 shares during the period. Finally, Integrity Alliance LLC. boosted its holdings in shares of Walmart by 637.3% in the first quarter. Integrity Alliance LLC. now owns 259,197 shares of the retailer’s stock worth $22,755,000 after buying an additional 224,044 shares during the period. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on WMT shares. Stifel Nicolaus cut their target price on Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Truist Financial increased their target price on Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Raymond James decreased their price objective on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, April 11th. KeyCorp boosted their price objective on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, Evercore ISI decreased their price objective on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $104.94.

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.