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

Walmart Inc. (NYSE:WMTGet Free Report) was the recipient of unusually large options trading on Tuesday. Traders bought 124,397 call options on the stock. This represents an increase of 39% compared to the average daily volume of 89,788 call options.

Insider Transactions at Walmart

In other Walmart news, Director S Robson Walton sold 14,685,327 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $58.61, for a total value of $860,755,966.56. Following the completion of the sale, the director now owns 656,397,261 shares in the company, valued at approximately $38,473,631,458.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $53.54, for a total transaction of $1,559,298.96. Following the completion of the transaction, the chief executive officer now owns 4,274,475 shares in the company, valued at $228,855,391.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director S Robson Walton sold 14,685,327 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $58.61, for a total value of $860,755,966.56. Following the transaction, the director now owns 656,397,261 shares of the company’s stock, valued at approximately $38,473,631,458.08. The disclosure for this sale can be found here. Insiders sold 29,032,265 shares of company stock worth $1,696,559,224 in the last three months. Corporate insiders own 46.51% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Authentikos Wealth Advisory LLC acquired a new position in Walmart during the third quarter valued at $25,000. Kozak & Associates Inc. raised its position in shares of Walmart by 1,490.0% in the third quarter. Kozak & Associates Inc. now owns 159 shares of the retailer’s stock worth $25,000 after acquiring an additional 149 shares during the period. Partnership Wealth Management LLC acquired a new position in shares of Walmart in the fourth quarter worth about $30,000. Able Wealth Management LLC acquired a new position in shares of Walmart in the fourth quarter worth about $30,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in shares of Walmart in the fourth quarter worth about $32,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WMT. Morgan Stanley cut their price objective on Walmart to $66.67 and set an “overweight” rating for the company in a research report on Monday, February 26th. Tigress Financial increased their price target on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Stifel Europe increased their price target on shares of Walmart from $56.33 to $58.33 in a report on Friday, February 16th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 21st. Finally, Oppenheimer lowered their price target on shares of Walmart to $67.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Four 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $61.60.

Check Out Our Latest Report on Walmart

Walmart Price Performance

NYSE WMT opened at $59.15 on Wednesday. Walmart has a 12-month low of $48.34 and a 12-month high of $61.65. The firm’s fifty day simple moving average is $58.38 and its two-hundred day simple moving average is $54.98. The company has a current ratio of 0.83, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46. The firm has a market capitalization 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.

Walmart (NYSE:WMTGet Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The business had revenue of $173.40 billion during the quarter, compared to the consensus estimate of $170.85 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts forecast that Walmart 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. Stockholders of record on Friday, December 13th will be paid a dividend of $0.2075 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.83 annualized dividend and a dividend yield of 1.40%. Walmart’s payout ratio is currently 43.38%.

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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