Walmart Inc. (NYSE:WMT) EVP Daniel J. Bartlett Sells 1,760 Shares

Walmart Inc. (NYSE:WMT) EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $94.77, for a total transaction of $166,795.20. Following the transaction, the executive vice president now directly owns 650,977 shares of the company’s stock, valued at $61,693,090.29. This represents a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Walmart Trading Up 0.9%

Shares of WMT stock opened at $95.10 on Friday. The business has a 50-day moving average price of $96.32 and a two-hundred day moving average price of $94.13. Walmart Inc. has a 12-month low of $66.55 and a 12-month high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The firm has a market cap of $758.95 billion, a P/E ratio of 40.64, a price-to-earnings-growth ratio of 4.64 and a beta of 0.69.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same period last year, the firm posted $0.60 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were paid a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s dividend payout ratio is presently 40.17%.

Institutional Trading of Walmart

Several institutional investors have recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. purchased a new stake in Walmart during the 4th quarter valued at about $25,000. Horizon Financial Services LLC lifted its position in 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 purchasing an additional 262 shares during the last quarter. Operose Advisors LLC boosted its stake in shares of Walmart by 319.7% during the first quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock valued at $28,000 after purchasing an additional 243 shares during the period. Bear Mountain Capital Inc. boosted its stake in shares of Walmart by 98.2% during the first 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 period. Finally, Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Walmart by 432.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer’s stock worth $32,000 after purchasing an additional 294 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Robert W. Baird increased their price target on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $103.00 price objective (up from $102.00) on shares of Walmart in a report on Monday, June 9th. Oppenheimer boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a report on Monday, May 5th. Finally, DA Davidson reiterated a “buy” rating and issued a $117.00 price target on shares of Walmart in a research report on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $106.50.

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.