Daniel J. Bartlett Sells 1,600 Shares of Walmart Inc. (NYSE:WMT) Stock

Walmart Inc. (NYSE:WMT) EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the sale, the executive vice president now owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Walmart Stock Performance

Shares of WMT stock opened at $94.70 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 52 week low of $57.77 and a 52 week high of $105.30. The firm has a 50 day moving average of $95.63 and a 200-day moving average of $86.44. The company has a market cap of $760.77 billion, a price-to-earnings ratio of 39.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. On average, equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is currently 34.44%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in WMT. FPC Investment Advisory Inc. acquired a new stake in Walmart in the 4th quarter valued at $25,000. Horizon Financial Services LLC lifted its stake in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after buying an additional 262 shares in the last quarter. Fiduciary Advisors Inc. acquired a new position in shares of Walmart during the fourth quarter valued at about $27,000. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the third quarter worth about $26,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the 4th quarter worth about $32,000. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. UBS Group dropped their target price on shares of Walmart from $113.00 to $112.00 and set a “buy” rating for the company in a report on Friday. KeyCorp increased their price objective on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday. Citigroup boosted their target price on shares of Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Piper Sandler increased their price target on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Truist Financial boosted their price objective on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $102.43.

About Walmart

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.