Traders Buy High Volume of Call Options on Walmart (NYSE:WMT)

Walmart Inc. (NYSE:WMTGet Free Report) was the target of some unusual options trading on Tuesday. Stock investors bought 124,397 call options on the company. This represents an increase of 39% compared to the typical volume of 89,788 call options.

Walmart Trading Down 1.4 %

NYSE WMT opened at $59.15 on Wednesday. The firm has a market cap of $476.63 billion, a P/E ratio of 30.91, a P/E/G ratio of 3.92 and a beta of 0.49. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.83 and a quick ratio of 0.24. The stock’s 50-day moving average is $58.38 and its 200-day moving average is $54.98. Walmart has a one year low of $48.34 and a one year high of $61.65.

Walmart (NYSE:WMTGet Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $173.40 billion during the quarter, compared to the consensus estimate of $170.85 billion. Walmart had a return on equity of 21.08% and a net margin of 2.39%. Walmart’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $0.57 earnings per share. Sell-side analysts anticipate that Walmart will post 2.36 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be issued a dividend of $0.2075 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.40%. Walmart’s payout ratio is presently 43.38%.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $53.54, for a total value of $1,559,298.96. Following the sale, the chief executive officer now directly owns 4,274,475 shares in the company, valued at $228,855,391.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $60.26, for a total value of $180,780.00. Following the sale, the executive vice president now directly owns 524,613 shares in the company, valued at $31,613,179.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $53.54, for a total value of $1,559,298.96. Following the completion of the sale, the chief executive officer now owns 4,274,475 shares in the company, valued at $228,855,391.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,032,265 shares of company stock worth $1,696,559,224. 46.51% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Walmart by 0.6% in the third quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock valued at $21,944,764,000 after purchasing an additional 751,713 shares in the last quarter. Morgan Stanley grew its stake in Walmart by 1.8% in the third quarter. Morgan Stanley now owns 24,087,268 shares of the retailer’s stock valued at $3,852,277,000 after purchasing an additional 426,388 shares in the last quarter. Norges Bank bought a new position in Walmart in the fourth quarter valued at approximately $3,674,652,000. Moneta Group Investment Advisors LLC grew its stake in Walmart by 112,181.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 22,854,919 shares of the retailer’s stock valued at $3,240,599,000 after purchasing an additional 22,834,564 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Walmart by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer’s stock valued at $3,190,194,000 after purchasing an additional 2,150,351 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 21st. Evercore ISI increased their target price on Walmart from $66.00 to $68.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Morgan Stanley decreased their target price on Walmart to $66.67 and set an “overweight” rating on the stock in a report on Monday, February 26th. Deutsche Bank Aktiengesellschaft increased their target price on Walmart from $62.00 to $63.33 and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, Oppenheimer decreased their target price on Walmart to $67.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Four investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.60.

View Our Latest Stock Analysis on WMT

Walmart Company Profile

(Get Free Report)

Walmart Inc engages in the operation of retail, wholesale, and other units 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, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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