Walmart (NYSE:WMT) Stock Price Up 0.2%

Walmart Inc. (NYSE:WMTGet Free Report) was up 0.2% on Thursday . The stock traded as high as $61.66 and last traded at $61.37. Approximately 3,087,958 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 20,755,248 shares. The stock had previously closed at $61.25.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on WMT shares. Morgan Stanley dropped their target price on Walmart to $66.67 and set an “overweight” rating for the company in a research report on Monday, February 26th. Tigress Financial boosted their price objective on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. boosted their price objective on Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a research report on Monday, February 19th. Stifel Nicolaus reissued a “hold” rating on shares of Walmart in a research report on Wednesday, March 13th. Finally, Oppenheimer lowered their price objective on Walmart to $67.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. Five investment 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.33.

Check Out Our Latest Analysis on WMT

Walmart Trading Down 0.9 %

The business has a fifty day moving average price of $57.47 and a 200 day moving average price of $54.68. The company has a market capitalization of $490.49 billion, a PE ratio of 31.81, a P/E/G ratio of 4.01 and a beta of 0.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.24 and a current ratio of 0.83.

Walmart (NYSE:WMTGet Free Report) last announced its earnings results on Tuesday, February 20th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.55 by $0.05. The business had revenue of $173.40 billion for the quarter, compared to the consensus estimate of $170.85 billion. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The company’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS. Analysts expect that Walmart Inc. will post 2.36 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.2075 per share. The ex-dividend date is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a yield of 1.36%. Walmart’s dividend payout ratio (DPR) is presently 43.38%.

Insider Buying and Selling at Walmart

In other news, major shareholder Jim C. Walton sold 2,000 shares of Walmart stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $58.78, for a total value of $117,560.00. Following the completion of the transaction, the insider now owns 656,395,261 shares in the company, valued at approximately $38,582,913,441.58. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP David Chojnowski sold 10,950 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $58.33, for a total transaction of $638,750.00. Following the completion of the transaction, the senior vice president now owns 104,346 shares in the company, valued at approximately $6,086,850. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Jim C. Walton sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $58.78, for a total value of $117,560.00. Following the transaction, the insider now owns 656,395,261 shares of the company’s stock, valued at approximately $38,582,913,441.58. The disclosure for this sale can be found here. Insiders sold a total of 37,868,819 shares of company stock worth $2,160,793,228 in the last 90 days. 46.51% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WMT. SeaTown Holdings Pte. Ltd. raised its stake in Walmart by 26.6% during the 3rd quarter. SeaTown Holdings Pte. Ltd. now owns 252,600 shares of the retailer’s stock valued at $40,398,000 after acquiring an additional 53,000 shares in the last quarter. High Net Worth Advisory Group LLC raised its stake in Walmart by 3.7% during the 3rd quarter. High Net Worth Advisory Group LLC now owns 6,562 shares of the retailer’s stock valued at $1,050,000 after acquiring an additional 235 shares in the last quarter. Railway Pension Investments Ltd raised its stake in shares of Walmart by 28.0% in the 3rd quarter. Railway Pension Investments Ltd now owns 767,013 shares of the retailer’s stock worth $122,668,000 after buying an additional 167,800 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Walmart by 12.5% in the 2nd quarter. IFP Advisors Inc now owns 23,338 shares of the retailer’s stock worth $3,668,000 after buying an additional 2,585 shares in the last quarter. Finally, Charter Oak Capital Management LLC raised its stake in shares of Walmart by 28.6% in the 3rd quarter. Charter Oak Capital Management LLC now owns 2,823 shares of the retailer’s stock worth $451,000 after buying an additional 627 shares in the last quarter. Institutional investors and hedge funds own 33.18% of the company’s stock.

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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