Walmart Inc. (NYSE:WMT) EVP Kathryn J. Mclay Sells 28,000 Shares of Stock

Walmart Inc. (NYSE:WMT) EVP Kathryn J. Mclay sold 28,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total value of $2,716,000.00. Following the completion of the sale, the executive vice president now owns 1,064,455 shares of the company’s stock, valued at $103,252,135. The trade was a 2.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Walmart Stock Performance

NYSE WMT opened at $96.48 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a 1-year low of $64.16 and a 1-year high of $105.30. The business has a 50 day simple moving average of $91.95 and a two-hundred day simple moving average of $92.72. The stock has a market capitalization of $771.89 billion, a PE ratio of 40.03, a P/E/G ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same period last year, the firm posted $0.60 earnings per share. Walmart’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 fiscal year.

Walmart Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 0.95%. Walmart’s dividend payout ratio (DPR) is presently 40.17%.

Institutional Investors Weigh In On Walmart

Several institutional investors have recently modified their holdings of WMT. FPC Investment Advisory Inc. bought a new stake in Walmart in the fourth quarter worth $25,000. Horizon Financial Services LLC raised its stake in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after acquiring an additional 262 shares during the period. Fiduciary Advisors Inc. bought a new stake in shares of Walmart in the 4th quarter worth about $27,000. Operose Advisors LLC boosted its stake in shares of Walmart by 319.7% during the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock worth $28,000 after purchasing an additional 243 shares during the period. Finally, Bear Mountain Capital Inc. grew its holdings in Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock valued at $32,000 after purchasing an additional 167 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. DA Davidson reiterated a “buy” rating and set a $117.00 price target on shares of Walmart in a research report on Friday, May 16th. Guggenheim restated a “buy” rating and set a $100.00 target price on shares of Walmart in a research note on Monday, February 24th. KeyCorp upped their price objective on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 price objective (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Finally, DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.