Walmart (NYSE:WMT) Trading Up 0.2%

Walmart Inc. (NYSE:WMTGet Free Report) shares rose 0.2% during mid-day trading on Monday . The company traded as high as $60.76 and last traded at $60.27. Approximately 3,894,106 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 20,178,824 shares. The stock had previously closed at $60.17.

Analyst Upgrades and Downgrades

WMT has been the topic of several research reports. Oppenheimer dropped their price target on Walmart to $67.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. JPMorgan Chase & Co. upped their price objective on Walmart from $54.33 to $58.67 and gave the company a “neutral” rating in a report on Monday, February 19th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $68.00 target price on shares of Walmart in a report on Wednesday, March 27th. Morgan Stanley reduced their price objective on Walmart to $66.67 and set an “overweight” rating for the company in a research note on Monday, February 26th. Finally, StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 21st. Four analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.60.

Check Out Our Latest Analysis on Walmart

Walmart Stock Performance

The stock’s 50-day simple moving average is $58.47 and its 200 day simple moving average is $55.01. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.24 and a current ratio of 0.83. The company has a market cap of $478.89 billion, a PE ratio of 30.87, a P/E/G ratio of 3.92 and a beta of 0.49.

Walmart (NYSE:WMTGet Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.05. The business had revenue of $173.40 billion for the quarter, compared to analyst estimates of $170.85 billion. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 EPS. As a group, equities analysts anticipate that Walmart Inc. will post 2.36 EPS for the current year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be paid a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, December 13th. Walmart’s dividend payout ratio is currently 43.38%.

Insiders Place Their Bets

In related news, major shareholder Alice L. Walton sold 5,970,066 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $58.27, for a total value of $347,895,646.04. Following the completion of the sale, the insider now owns 671,082,588 shares of the company’s stock, valued at approximately $39,106,219,344.72. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Walmart news, major shareholder Alice L. Walton sold 5,970,066 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $58.27, for a total value of $347,895,646.04. Following the sale, the insider now directly owns 671,082,588 shares in the company, valued at $39,106,219,344.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $53.54, for a total value of $1,559,298.96. Following the sale, the chief executive officer now owns 4,274,475 shares in the company, valued at approximately $228,855,391.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,032,265 shares of company stock worth $1,696,559,224. 46.51% of the stock is owned by corporate insiders.

Institutional Trading of Walmart

A number of institutional investors have recently modified their holdings of the stock. Kozak & Associates Inc. lifted its holdings in Walmart by 1,490.0% during the third quarter. Kozak & Associates Inc. now owns 159 shares of the retailer’s stock worth $25,000 after acquiring an additional 149 shares during the period. Authentikos Wealth Advisory LLC bought a new stake in shares of Walmart in the 3rd quarter valued at about $25,000. Partnership Wealth Management LLC purchased a new position in Walmart during the 4th quarter valued at about $30,000. Able Wealth Management LLC purchased a new position in shares of Walmart during the 4th quarter worth approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Walmart in the 4th quarter worth approximately $32,000. 26.76% of the stock is currently owned by institutional investors.

About Walmart

(Get Free Report)

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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