Daniel J. Bartlett Sells 1,600 Shares of Walmart Inc. (NYSE:WMT) Stock

Walmart Inc. (NYSE:WMT) EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the sale, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Walmart Price Performance

Shares of NYSE WMT opened at $94.70 on Friday. The firm has a 50-day simple moving average of $95.63 and a 200-day simple moving average of $86.57. The stock has a market capitalization of $760.77 billion, a price-to-earnings ratio of 39.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 52 week low of $57.77 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. On average, equities analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is 34.44%.

Institutional Investors Weigh In On Walmart

Several hedge funds and other institutional investors have recently bought and sold shares of WMT. Swedbank AB increased its position in Walmart by 0.4% during the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after purchasing an additional 18,644 shares during the last quarter. Foundations Investment Advisors LLC increased its position in Walmart by 18.9% during the third quarter. Foundations Investment Advisors LLC now owns 68,449 shares of the retailer’s stock worth $5,527,000 after purchasing an additional 10,869 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Walmart by 3.8% during the third quarter. Sequoia Financial Advisors LLC now owns 691,596 shares of the retailer’s stock worth $55,846,000 after purchasing an additional 25,386 shares during the last quarter. Eastern Bank increased its position in Walmart by 128.0% during the third quarter. Eastern Bank now owns 1,346,897 shares of the retailer’s stock worth $108,762,000 after purchasing an additional 756,064 shares during the last quarter. Finally, Maripau Wealth Management LLC increased its position in Walmart by 6.1% during the third quarter. Maripau Wealth Management LLC now owns 11,741 shares of the retailer’s stock worth $948,000 after purchasing an additional 674 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WMT has been the topic of several recent research reports. BMO Capital Markets upped their price objective on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Citigroup reaffirmed a “positive” rating on shares of Walmart in a report on Thursday. Evercore ISI upped their price objective on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Piper Sandler upped their price objective on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, Bank of America increased their price target on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $102.43.

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.