Walmart (NASDAQ:WMT) Stock Price Up 3.9% – Here’s Why

Shares of Walmart Inc. (NASDAQ:WMTGet Free Report) rose 3.9% during mid-day trading on Wednesday . The stock traded as high as $127.30 and last traded at $127.26. Approximately 20,151,006 shares were traded during mid-day trading, a decline of 33% from the average daily volume of 30,075,289 shares. The stock had previously closed at $122.49.

Key Headlines Impacting Walmart

Here are the key news stories impacting Walmart this week:

Analysts Set New Price Targets

WMT has been the topic of several research reports. KeyCorp restated an “overweight” rating and issued a $145.00 target price (up from $128.00) on shares of Walmart in a report on Friday, February 13th. Bank of America started coverage on shares of Walmart in a research report on Friday, February 27th. They issued a “buy” rating and a $150.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $120.00 price target on shares of Walmart in a research report on Friday, February 20th. The Goldman Sachs Group reiterated a “buy” rating and issued a $138.00 price target on shares of Walmart in a research report on Friday, February 20th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $135.00 price target (up from $125.00) on shares of Walmart in a research report on Thursday, January 15th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $135.76.

Get Our Latest Stock Report on Walmart

Walmart Stock Up 3.9%

The company has a debt-to-equity ratio of 0.38, a current ratio of 0.79 and a quick ratio of 0.24. The firm has a market capitalization of $1.01 trillion, a P/E ratio of 46.45, a P/E/G ratio of 4.69 and a beta of 0.66. The company’s 50-day simple moving average is $125.26 and its two-hundred day simple moving average is $114.74.

Walmart (NASDAQ:WMTGet Free Report) last announced its quarterly earnings data on Thursday, February 19th. The retailer reported $0.74 EPS for the quarter, beating the consensus estimate of $0.73 by $0.01. The firm had revenue of $190.66 billion for the quarter, compared to the consensus estimate of $188.37 billion. Walmart had a net margin of 3.07% and a return on equity of 21.44%. The company’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.66 EPS. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q1 2027 guidance at 0.610-0.610 EPS. As a group, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Stockholders of record on Friday, December 11th will be given a dividend of $0.2475 per share. This represents a $0.99 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, December 11th. Walmart’s dividend payout ratio (DPR) is presently 36.13%.

Insider Activity

In other news, EVP John D. Rainey sold 20,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $127.79, for a total transaction of $2,555,800.00. Following the sale, the executive vice president directly owned 486,764 shares in the company, valued at $62,203,571.56. This trade represents a 3.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction on Thursday, March 26th. The shares were sold at an average price of $123.16, for a total transaction of $2,391,274.56. Following the sale, the director owned 4,213,406 shares in the company, valued at $518,923,082.96. The trade was a 0.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 274,278 shares of company stock worth $33,825,793. 0.10% of the stock is currently owned by insiders.

Institutional Trading of Walmart

Institutional investors and hedge funds have recently modified their holdings of the company. Collier Financial purchased a new position in Walmart during the third quarter valued at $25,000. Entrust Financial LLC purchased a new position in Walmart during the fourth quarter valued at $27,000. Your Advocates Ltd. LLP purchased a new position in Walmart during the third quarter valued at $28,000. Redmont Wealth Advisors LLC purchased a new position in Walmart during the third quarter valued at $30,000. Finally, Beacon Financial Strategies CORP purchased a new position in Walmart during the fourth quarter valued at $30,000. 26.76% of the stock is currently owned by institutional investors.

About Walmart

(Get Free Report)

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.

Further Reading

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