Walmart (NASDAQ:WMT) Shares Down 1.6% – Here’s What Happened

Walmart Inc. (NASDAQ:WMTGet Free Report) dropped 1.6% during trading on Friday . The stock traded as low as $129.28 and last traded at $129.92. Approximately 15,935,102 shares traded hands during trading, a decline of 43% from the average daily volume of 28,062,156 shares. The stock had previously closed at $132.03.

Walmart News Summary

Here are the key news stories impacting Walmart this week:

Analyst Ratings Changes

WMT has been the subject of several research reports. Truist Financial upped their price target on shares of Walmart from $127.00 to $139.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Argus raised shares of Walmart to a “strong-buy” rating in a research report on Wednesday, February 18th. TD Cowen reissued a “buy” rating and issued a $145.00 target price (up from $136.00) on shares of Walmart in a report on Friday, February 20th. Oppenheimer reissued an “outperform” rating and issued a $140.00 target price (up from $125.00) on shares of Walmart in a report on Monday, February 9th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $134.00 target price (up from $129.00) on shares of Walmart in a report on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Walmart currently has a consensus rating of “Buy” and an average price target of $137.79.

Get Our Latest Research Report on Walmart

Walmart Stock Down 1.6%

The company has a current ratio of 0.79, a quick ratio of 0.24 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1.04 trillion, a P/E ratio of 47.42, a P/E/G ratio of 4.84 and a beta of 0.66. The company has a 50 day simple moving average of $125.67 and a two-hundred day simple moving average of $116.64.

Walmart (NASDAQ:WMTGet Free Report) last posted its quarterly earnings results on Thursday, February 19th. The retailer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. Walmart had a return on equity of 21.44% and a net margin of 3.07%.The business had revenue of $190.66 billion during the quarter, compared to the consensus estimate of $188.37 billion. During the same period in the prior year, the company posted $0.66 EPS. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q1 2027 guidance at 0.610-0.610 EPS. On average, equities analysts predict that Walmart Inc. will post 2.89 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 4th. Shareholders of record on Friday, December 11th will be paid a $0.2475 dividend. This represents a $0.99 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, December 11th. Walmart’s dividend payout ratio is presently 36.13%.

Insiders Place Their Bets

In other Walmart news, EVP Donna Morris sold 76,181 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $123.79, for a total value of $9,430,445.99. Following the completion of the transaction, the executive vice president directly owned 402,072 shares in the company, valued at $49,772,492.88. This represents a 15.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $121.96, for a total value of $1,600,725.00. Following the completion of the transaction, the chief executive officer owned 687,287 shares of the company’s stock, valued at $83,821,522.52. The trade was a 1.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 243,960 shares of company stock worth $30,284,661 over the last ninety days. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WMT. Collier Financial bought a new position in shares of Walmart during the 3rd quarter valued at approximately $25,000. Entrust Financial LLC bought a new position in shares of Walmart during the 4th quarter valued at approximately $27,000. Your Advocates Ltd. LLP bought a new position in shares of Walmart during the 3rd quarter valued at approximately $28,000. Merkkuri Wealth Advisors LLC bought a new position in shares of Walmart during the 1st quarter valued at approximately $29,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Walmart during the 3rd quarter valued at approximately $30,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Company Profile

(Get Free Report)

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.

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