Walmart Inc (NYSE:WMT) gapped up before the market opened on Thursday following a stronger than expected earnings report. The stock had previously closed at $96.93, but opened at $99.88. Walmart shares last traded at $101.31, with a volume of 17119104 shares trading hands.
The retailer reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.11. The business had revenue of $122.95 billion for the quarter, compared to the consensus estimate of $124.51 billion. Walmart had a net margin of 1.30% and a return on equity of 18.60%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.14 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 10th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Thursday, May 9th. Walmart’s payout ratio is currently 43.18%.
In other news, insider John R. Furner sold 10,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $101.82, for a total transaction of $1,018,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jacqueline P. Canney sold 980 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $99.03, for a total transaction of $97,049.40. Following the sale, the executive vice president now directly owns 54,588 shares of the company’s stock, valued at approximately $5,405,849.64. The disclosure for this sale can be found here. Insiders have sold a total of 14,255,221 shares of company stock worth $1,407,521,976 in the last 90 days. Company insiders own 51.11% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in Walmart by 1.1% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 9,623 shares of the retailer’s stock worth $939,000 after acquiring an additional 100 shares in the last quarter. Marietta Investment Partners LLC increased its holdings in Walmart by 4.2% in the 1st quarter. Marietta Investment Partners LLC now owns 2,500 shares of the retailer’s stock worth $244,000 after acquiring an additional 100 shares in the last quarter. Lenox Wealth Management Inc. increased its holdings in Walmart by 1.0% in the 4th quarter. Lenox Wealth Management Inc. now owns 10,348 shares of the retailer’s stock worth $969,000 after acquiring an additional 104 shares in the last quarter. Stratos Wealth Advisors LLC increased its holdings in Walmart by 4.0% in the 1st quarter. Stratos Wealth Advisors LLC now owns 2,722 shares of the retailer’s stock worth $265,000 after acquiring an additional 104 shares in the last quarter. Finally, Reynders McVeigh Capital Management LLC increased its holdings in Walmart by 3.0% in the 1st quarter. Reynders McVeigh Capital Management LLC now owns 3,578 shares of the retailer’s stock worth $349,000 after acquiring an additional 104 shares in the last quarter. 28.96% of the stock is owned by hedge funds and other institutional investors.
The firm has a market capitalization of $297.01 billion, a PE ratio of 20.54, a P/E/G ratio of 4.59 and a beta of 0.36. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.23 and a current ratio of 0.80.
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Walmart Company Profile (NYSE:WMT)
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
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