Insider Selling: Walmart Inc. (NYSE:WMT) EVP Sells $177,240.00 in Stock

Walmart Inc. (NYSE:WMT) EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the sale, the executive vice president now owns 521,613 shares in the company, valued at approximately $30,816,896.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Walmart Trading Up 0.2 %

Shares of Walmart stock opened at $59.82 on Monday. The company has a market capitalization of $482.03 billion, a P/E ratio of 31.26, a price-to-earnings-growth ratio of 3.91 and a beta of 0.49. The stock has a fifty day simple moving average of $60.06 and a 200 day simple moving average of $56.02. Walmart Inc. has a 12-month low of $48.34 and a 12-month high of $61.65. The company has a current ratio of 0.83, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The firm had revenue of $173.40 billion during the quarter, compared to analyst estimates of $170.85 billion. During the same quarter in the prior year, the business posted $0.57 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Walmart Inc. will post 2.36 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be paid a $0.2075 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.39%. Walmart’s payout ratio is presently 43.38%.

Institutional Trading of Walmart

A number of institutional investors and hedge funds have recently modified their holdings of WMT. Patton Albertson Miller Group LLC raised its position in Walmart by 1.0% in the third quarter. Patton Albertson Miller Group LLC now owns 29,116 shares of the retailer’s stock worth $4,656,000 after acquiring an additional 296 shares during the period. Horst & Graben Wealth Management LLC raised its holdings in shares of Walmart by 22.2% in the 3rd quarter. Horst & Graben Wealth Management LLC now owns 2,581 shares of the retailer’s stock worth $413,000 after purchasing an additional 469 shares during the period. Bouchey Financial Group Ltd purchased a new position in Walmart in the third quarter valued at approximately $265,000. Mn Services Vermogensbeheer B.V. grew its holdings in Walmart by 2.6% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 302,100 shares of the retailer’s stock valued at $48,315,000 after purchasing an additional 7,600 shares during the period. Finally, Total Clarity Wealth Management Inc. grew its holdings in Walmart by 17.0% during the third quarter. Total Clarity Wealth Management Inc. now owns 2,125 shares of the retailer’s stock valued at $340,000 after purchasing an additional 308 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Stifel Nicolaus restated a “hold” rating on shares of Walmart in a report on Wednesday, March 13th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $68.00 price target on shares of Walmart in a research note on Wednesday, March 27th. Tigress Financial boosted their price objective on shares of Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Morgan Stanley decreased their price objective on Walmart to $66.67 and set an “overweight” rating for the company in a report on Monday, February 26th. Finally, Evercore ISI cut their target price on Walmart from $67.00 to $66.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $61.75.

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.