Walmart (NYSE:WMT) Stock Price Down 0.2% Following Insider Selling

Walmart Inc. (NYSE:WMTGet Free Report) shares traded down 0.2% during mid-day trading on Wednesday following insider selling activity. The stock traded as low as $59.05 and last traded at $59.07. 2,474,769 shares changed hands during trading, a decline of 88% from the average session volume of 20,053,955 shares. The stock had previously closed at $59.16.

Specifically, major shareholder Alice L. Walton sold 345,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $60.93, for a total value of $21,020,850.00. Following the completion of the transaction, the insider now owns 652,044,261 shares of the company’s stock, valued at $39,729,056,822.73. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $60.26, for a total transaction of $180,780.00. Following the transaction, the executive vice president now directly owns 524,613 shares in the company, valued at $31,613,179.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 345,000 shares of Walmart stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $60.93, for a total value of $21,020,850.00. Following the completion of the sale, the insider now owns 652,044,261 shares of the company’s stock, valued at approximately $39,729,056,822.73. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,032,265 shares of company stock worth $1,696,559,224. Corporate insiders own 46.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on WMT shares. JPMorgan Chase & Co. upped their price target on shares of Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a research report on Monday, February 19th. Morgan Stanley cut their target price on Walmart to $66.67 and set an “overweight” rating on the stock in a research report on Monday, February 26th. Evercore ISI boosted their price target on Walmart from $66.00 to $68.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 21st. Finally, Oppenheimer reduced their price objective on Walmart to $67.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Four research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.60.

Get Our Latest Stock Report on WMT

Walmart Stock Performance

The company has a 50 day moving average of $58.47 and a 200 day moving average of $55.01. The company has a quick ratio of 0.24, a current ratio of 0.83 and a debt-to-equity ratio of 0.46. The firm has a market cap of $478.97 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 3.92 and a beta of 0.49.

Walmart (NYSE:WMTGet Free Report) last announced its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The company had revenue of $173.40 billion for the quarter, compared to analyst estimates of $170.85 billion. During the same period in the prior year, the company posted $0.57 EPS. Walmart’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts expect that Walmart Inc. will post 2.36 EPS for the current fiscal year.

Walmart Announces Dividend

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

Institutional Investors Weigh In On Walmart

Hedge funds and other institutional investors have recently modified their holdings of the stock. AMI Investment Management Inc. raised its holdings in shares of Walmart by 1.6% during the first quarter. AMI Investment Management Inc. now owns 8,269 shares of the retailer’s stock worth $1,231,000 after purchasing an additional 132 shares during the period. Zions Bancorporation N.A. raised its stake in Walmart by 36.8% during the first quarter. Zions Bancorporation N.A. now owns 4,820 shares of the retailer’s stock worth $718,000 after acquiring an additional 1,296 shares during the period. Covestor Ltd lifted its holdings in Walmart by 31.7% in the first quarter. Covestor Ltd now owns 1,162 shares of the retailer’s stock worth $173,000 after acquiring an additional 280 shares during the last quarter. Ergoteles LLC boosted its stake in Walmart by 123.9% in the first quarter. Ergoteles LLC now owns 10,566 shares of the retailer’s stock valued at $1,573,000 after acquiring an additional 5,847 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in shares of Walmart by 1.7% during the first quarter. Mackenzie Financial Corp now owns 857,839 shares of the retailer’s stock valued at $127,749,000 after purchasing an additional 13,985 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

About Walmart

(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.

Further Reading

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.