Walmart Inc. (NYSE:WMT) Major Shareholder Sells $90,012.00 in Stock

Walmart Inc. (NYSE:WMT – Get Rating) major shareholder Alice L. Walton sold 600 shares of Walmart stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $150.02, for a total value of $90,012.00. Following the completion of the transaction, the insider now directly owns 245,255,856 shares of the company’s stock, valued at $36,793,283,517.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Walmart Stock Performance

WMT stock opened at $147.63 on Thursday. The firm has a market cap of $398.21 billion, a PE ratio of 35.49, a P/E/G ratio of 4.34 and a beta of 0.48. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average of $148.56 and a 200-day moving average of $145.87. Walmart Inc. has a 12-month low of $117.90 and a 12-month high of $154.64.

Walmart (NYSE:WMT – Get Rating) last released its earnings results on Thursday, May 18th. The retailer reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.15. The company had revenue of $152.30 billion during the quarter, compared to analyst estimates of $147.91 billion. Walmart had a return on equity of 21.30% and a net margin of 1.82%. Walmart’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.30 earnings per share. As a group, sell-side analysts expect that Walmart Inc. will post 6.21 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.54%. The ex-dividend date is Thursday, December 7th. Walmart’s dividend payout ratio (DPR) is 54.81%.

Hedge Funds Weigh In On Walmart

Several institutional investors and hedge funds have recently bought and sold shares of WMT. My Personal CFO LLC bought a new position in Walmart during the fourth quarter valued at $25,000. Sageworth Trust Co grew its holdings in Walmart by 2,414.3% during the first quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock valued at $26,000 after purchasing an additional 169 shares during the period. Bellwether Advisors LLC grew its holdings in Walmart by 112.0% during the third quarter. Bellwether Advisors LLC now owns 212 shares of the retailer’s stock valued at $27,000 after purchasing an additional 112 shares during the period. Dark Forest Capital Management LP bought a new position in Walmart during the fourth quarter valued at $27,000. Finally, JDM Financial Group LLC bought a new position in Walmart during the fourth quarter valued at $28,000. 31.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WMT has been the subject of several analyst reports. 1-800-FLOWERS.COM reaffirmed a “maintains” rating on shares of Walmart in a report on Friday, May 19th. Royal Bank of Canada boosted their price target on Walmart from $160.00 to $164.00 in a report on Friday, May 19th. Telsey Advisory Group reissued an “outperform” rating and set a $160.00 price target on shares of Walmart in a report on Thursday, April 6th. Cowen boosted their price target on Walmart from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, February 15th. Finally, Gordon Haskett raised Walmart from an “accumulate” rating to a “buy” rating and boosted their price target for the stock from $155.00 to $165.00 in a report on Wednesday, April 19th. Five analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $166.13.

Walmart Company Profile

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Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.