Walmart Inc. (NYSE:WMT) Director Timothy Patrick Flynn Sells 30,000 Shares

Walmart Inc. (NYSE:WMT) Director Timothy Patrick Flynn sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the completion of the transaction, the director now directly owns 144,807 shares in the company, valued at $9,386,389.74. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Walmart Price Performance

Shares of WMT opened at $64.84 on Friday. The firm has a market capitalization of $522.48 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 3.77 and a beta of 0.49. The firm’s fifty day simple moving average is $60.64 and its 200-day simple moving average is $56.77. Walmart Inc. has a twelve month low of $48.34 and a twelve month high of $65.69. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.49 EPS. Equities analysts forecast that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be given a $0.2075 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a yield of 1.28%. Walmart’s dividend payout ratio (DPR) is presently 35.52%.

Hedge Funds Weigh In On Walmart

Hedge funds have recently made changes to their positions in the company. Authentikos Wealth Advisory LLC acquired a new stake in shares of Walmart in the 3rd quarter valued at about $25,000. EntryPoint Capital LLC purchased a new stake in Walmart in the first quarter valued at approximately $25,000. Northwest Capital Management Inc boosted its holdings in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares during the period. Partnership Wealth Management LLC purchased a new position in shares of Walmart during the fourth quarter worth approximately $30,000. Finally, Able Wealth Management LLC acquired a new position in shares of Walmart in the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WMT. KeyCorp boosted their price objective on Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Jefferies Financial Group boosted their price target on shares of Walmart from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Stifel Nicolaus raised their price objective on shares of Walmart from $65.00 to $69.00 and gave the stock a “hold” rating in a research report on Friday, May 17th. Citigroup boosted their target price on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Morgan Stanley raised their price target on shares of Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Four investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.01.

Walmart Company Profile

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.