Kathryn J. Mclay Sells 28,000 Shares of Walmart Inc. (NYSE:WMT) Stock

Walmart Inc. (NYSE:WMT) EVP Kathryn J. Mclay sold 28,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the sale, the executive vice president now owns 1,064,455 shares of the company’s stock, valued at approximately $103,252,135. The trade was a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Walmart Price Performance

Shares of WMT stock opened at $95.95 on Friday. The company has a market capitalization of $767.69 billion, a PE ratio of 39.81, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. The firm has a fifty day simple moving average of $92.12 and a 200-day simple moving average of $92.82. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a twelve month low of $64.16 and a twelve month high of $105.30.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. Equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, May 9th. This represents a yield of 0.95%. Walmart’s dividend payout ratio is presently 40.17%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WMT. Morgan Stanley restated an “overweight” rating and issued a $115.00 target price (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. Wall Street Zen upgraded shares of Walmart from a “hold” rating to a “buy” rating in a report on Monday, May 12th. KeyCorp boosted their target price on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Raymond James lowered their target price on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Finally, Stifel Nicolaus lowered their target price on shares of Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $104.94.

Institutional Trading of Walmart

Institutional investors have recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. acquired a new stake in Walmart in the fourth quarter valued at $25,000. Horizon Financial Services LLC increased its holdings in shares of Walmart by 1,007.7% in 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 during the period. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the 4th quarter worth about $27,000. Operose Advisors LLC grew its position in Walmart by 319.7% in the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock valued at $28,000 after buying an additional 243 shares in the last quarter. Finally, Bear Mountain Capital Inc. grew its position in Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock valued at $32,000 after buying an additional 167 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

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.