John D. Rainey Sells 2,200 Shares of Walmart Inc. (NYSE:WMT) Stock

Walmart Inc. (NYSE:WMT) EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total transaction of $195,052.00. Following the sale, the executive vice president now directly owns 398,024 shares in the company, valued at approximately $35,288,807.84. The trade was a 0.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Walmart Stock Down 4.8 %

Shares of Walmart stock opened at $83.09 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The stock has a market cap of $666.12 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 4.42 and a beta of 0.69. The firm’s 50-day moving average is $94.01 and its two-hundred day moving average is $89.59. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Analysts Set New Price Targets

A number of brokerages recently commented on WMT. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Walmart in a report on Friday, February 28th. Jefferies Financial Group raised their price objective on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Evercore ISI cut their target price on Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Citigroup restated a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Finally, UBS Group reaffirmed a “buy” rating on shares of Walmart in a research note on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.17.

Institutional Investors Weigh In On Walmart

A number of hedge funds have recently made changes to their positions in WMT. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart during the fourth quarter valued at about $25,000. Horizon Financial Services LLC raised its stake in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after acquiring an additional 262 shares in the last quarter. Fiduciary Advisors Inc. purchased a new stake in Walmart during the fourth quarter valued at approximately $27,000. Decker Retirement Planning Inc. acquired a new stake in Walmart in the fourth quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC purchased a new position in Walmart in the fourth quarter worth $37,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

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.