Investors sold shares of Walmart Inc (NYSE:WMT) on strength during trading on Monday. $66.42 million flowed into the stock on the tick-up and $144.77 million flowed out of the stock on the tick-down, for a money net flow of $78.35 million out of the stock. Of all equities tracked, Walmart had the 9th highest net out-flow for the day. Walmart traded up $0.87 for the day and closed at $102.43
A number of brokerages have recently issued reports on WMT. Credit Suisse Group reiterated a “neutral” rating and set a $103.00 target price on shares of Walmart in a research report on Wednesday, February 20th. Barclays reiterated a “buy” rating and set a $113.00 target price on shares of Walmart in a research report on Wednesday, February 20th. Morgan Stanley set a $113.00 target price on shares of Walmart and gave the stock an “overweight” rating in a research report on Wednesday, February 20th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $108.00 target price on shares of Walmart in a research report on Wednesday, February 20th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $115.00 target price on shares of Walmart in a research report on Thursday, February 21st. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $105.82.
The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.23 and a current ratio of 0.80. The stock has a market capitalization of $304.18 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 4.64 and a beta of 0.34.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 10th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Thursday, May 9th. Walmart’s dividend payout ratio (DPR) is currently 43.18%.
In related news, insider John R. Furner sold 10,427 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $101.81, for a total value of $1,061,572.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 1,855,869 shares of the firm’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $99.56, for a total transaction of $184,770,317.64. Following the completion of the transaction, the insider now directly owns 15,557,224 shares of the company’s stock, valued at approximately $1,548,877,221.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,240,978 shares of company stock valued at $1,406,078,670. 51.11% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Clarfeld Financial Advisors LLC acquired a new stake in Walmart in the fourth quarter valued at $25,000. Ipswich Investment Management Co. Inc. acquired a new stake in Walmart in the fourth quarter valued at $26,000. Ironwood Financial llc acquired a new stake in Walmart in the fourth quarter valued at $26,000. Massey Quick Simon & CO. LLC acquired a new stake in Walmart in the fourth quarter valued at $28,000. Finally, Winch Advisory Services LLC lifted its stake in Walmart by 45.1% in the fourth quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock valued at $32,000 after acquiring an additional 107 shares during the last quarter. 28.92% of the stock is owned by institutional investors and hedge funds.
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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, shoes.com, and samsclub.com; and mobile commerce applications.
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