Investors Sell Shares of Walmart (WMT) on Strength (WMT)

Traders sold shares of Walmart Inc (NYSE:WMT) on strength during trading on Tuesday. $487.27 million flowed into the stock on the tick-up and $593.20 million flowed out of the stock on the tick-down, for a money net flow of $105.93 million out of the stock. Of all companies tracked, Walmart had the 33rd highest net out-flow for the day. Walmart traded up $2.21 for the day and closed at $102.20

Several research firms have commented on WMT. Credit Suisse Group restated a “neutral” rating and set a $103.00 price objective on shares of Walmart in a report on Wednesday. Morgan Stanley set a $113.00 price objective on Walmart and gave the stock an “overweight” rating in a report on Wednesday. BMO Capital Markets restated a “buy” rating and set a $115.00 price objective on shares of Walmart in a report on Thursday. Zacks Investment Research downgraded Walmart from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. Finally, Bank of America set a $120.00 price objective on Walmart and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $106.20.

The firm has a market cap of $302.76 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 4.02 and a beta of 0.32. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, February 19th. The retailer reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.08. Walmart had a return on equity of 18.60% and a net margin of 1.30%. The business had revenue of $137.74 billion for the quarter, compared to the consensus estimate of $137.63 billion. During the same period last year, the business posted $1.33 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. Analysts expect that Walmart Inc will post 4.98 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 10th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.13%. Walmart’s dividend payout ratio is presently 42.36%.

In related news, Director S Robson Walton sold 1,109,156 shares of the business’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $97.92, for a total transaction of $108,608,555.52. Following the transaction, the director now directly owns 3,347,254 shares in the company, valued at approximately $327,763,111.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 500 shares of the business’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of $92.00, for a total value of $46,000.00. Following the transaction, the insider now owns 7,183,580 shares in the company, valued at $660,889,360. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,271,004 shares of company stock worth $780,904,124. 51.11% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Weather Gauge Advisory LLC acquired a new stake in Walmart during the 4th quarter worth about $339,000. IMS Capital Management lifted its position in Walmart by 7.7% during the 3rd quarter. IMS Capital Management now owns 16,565 shares of the retailer’s stock worth $1,556,000 after acquiring an additional 1,188 shares during the period. Point72 Asset Management L.P. acquired a new stake in Walmart during the 3rd quarter worth about $39,376,000. Bath Savings Trust Co lifted its position in Walmart by 3.8% during the 4th quarter. Bath Savings Trust Co now owns 3,247 shares of the retailer’s stock worth $302,000 after acquiring an additional 118 shares during the period. Finally, Legacy Capital Partners Inc. lifted its position in Walmart by 11.3% during the 4th quarter. Legacy Capital Partners Inc. now owns 10,057 shares of the retailer’s stock worth $937,000 after acquiring an additional 1,017 shares during the period. Hedge funds and other institutional investors own 28.96% of the company’s stock.

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Walmart Company Profile (NYSE:WMT)

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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