S Robson Walton Sells 602,965 Shares of Walmart Inc. (NYSE:WMT) Stock

Walmart Inc. (NYSE:WMT – Get Rating) Director S Robson Walton sold 602,965 shares of the stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $138.18, for a total transaction of $83,317,703.70. Following the completion of the sale, the director now owns 261,281,265 shares in the company, valued at $36,103,845,197.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

S Robson Walton also recently made the following trade(s):

• On Monday, March 6th, S Robson Walton sold 764,902 shares of Walmart stock. The stock was sold at an average price of $140.65, for a total value of $107,583,466.30.
• On Friday, March 3rd, S Robson Walton sold 1,155,149 shares of Walmart stock. The stock was sold at an average price of $140.56, for a total value of $162,367,743.44.
• On Wednesday, March 1st, S Robson Walton sold 32,870 shares of Walmart stock. The shares were sold at an average price of $140.36, for a total value of $4,613,633.20.
• On Monday, February 27th, S Robson Walton sold 193,131 shares of Walmart stock. The stock was sold at an average price of $142.53, for a total transaction of $27,526,961.43.
• On Thursday, February 23rd, S Robson Walton sold 706,197 shares of Walmart stock. The shares were sold at an average price of $142.07, for a total transaction of $100,329,407.79.
• On Friday, December 23rd, S Robson Walton sold 350,000 shares of Walmart stock. The shares were sold at an average price of $143.31, for a total transaction of $50,158,500.00.
• On Wednesday, December 14th, S Robson Walton sold 564,495 shares of Walmart stock. The stock was sold at an average price of $147.08, for a total value of $83,025,924.60.
• On Monday, December 12th, S Robson Walton sold 859,856 shares of Walmart stock. The stock was sold at an average price of $147.33, for a total value of $126,682,584.48.
• On Thursday, December 8th, S Robson Walton sold 456,030 shares of Walmart stock. The shares were sold at an average price of $148.79, for a total value of $67,852,703.70.

Walmart Trading Down 0.7 %

WMT stock opened at $137.17 on Friday. Walmart Inc. has a 52 week low of $117.27 and a 52 week high of $160.77. The company has a market capitalization of $369.92 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 4.16 and a beta of 0.48. The company’s 50-day simple moving average is $142.90 and its 200 day simple moving average is $140.86. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.21 and a current ratio of 0.82.

Walmart (NYSE:WMT – Get Rating) last announced its earnings results on Tuesday, February 21st. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.20. Walmart had a net margin of 1.91% and a return on equity of 20.45%. The firm had revenue of $164.05 billion for the quarter, compared to analyst estimates of $158.67 billion. During the same quarter in the prior year, the business posted $1.53 EPS. The business’s revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walmart Inc. will post 6.09 earnings per share for the current year.

Walmart declared that its Board of Directors has approved a share buyback program on Tuesday, November 15th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the retailer to buy up to 5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be issued a $0.57 dividend. The ex-dividend date is Thursday, December 7th. This represents a $2.28 annualized dividend and a yield of 1.66%. Walmart’s dividend payout ratio is presently 53.27%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of WMT. Kingsview Wealth Management LLC bought a new position in Walmart in the 2nd quarter valued at about $5,302,000. Windward Capital Management Co. CA boosted its position in shares of Walmart by 0.7% during the 3rd quarter. Windward Capital Management Co. CA now owns 28,022 shares of the retailer’s stock worth $3,634,000 after acquiring an additional 201 shares in the last quarter. Meritage Portfolio Management increased its stake in Walmart by 35.2% in the third quarter. Meritage Portfolio Management now owns 20,160 shares of the retailer’s stock valued at $2,615,000 after acquiring an additional 5,253 shares during the last quarter. Norris Perne & French LLP MI increased its stake in Walmart by 6.9% in the third quarter. Norris Perne & French LLP MI now owns 2,989 shares of the retailer’s stock valued at $388,000 after acquiring an additional 194 shares during the last quarter. Finally, Revolve Wealth Partners LLC raised its position in Walmart by 39.4% during the third quarter. Revolve Wealth Partners LLC now owns 2,552 shares of the retailer’s stock valued at $331,000 after purchasing an additional 721 shares in the last quarter. Institutional investors own 31.27% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on WMT. Truist Financial lifted their price objective on shares of Walmart from $134.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, November 16th. Telsey Advisory Group cut their price target on shares of Walmart from $165.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 22nd. Barclays assumed coverage on shares of Walmart in a research note on Tuesday, February 7th. They set an “overweight” rating and a $159.00 price objective for the company. Atlantic Securities lifted their target price on Walmart from $150.00 to $165.00 in a research report on Thursday, December 1st. Finally, Evercore ISI increased their price target on Walmart from $135.00 to $140.00 and gave the company an “in-line” rating in a research report on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $162.44.

Walmart Company Profile

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Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.