Only Six Dow Components With Recent Insider Buying, WMT is One of Them

By Dividend Channel Staff, Tuesday, March 16, 11:15 AM ET

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Top Insider Buys By Company Directors »

The officers and directors of a company tend to have a unique inside view into the business, so when these insiders make purchases, investors are wise to take notice. Presumably the only reason for a company insider to choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. Within the 30 components of the Dow Jones Industrial Average, only six companies have experienced such buying over the trailing six month period, one of which was Walmart Inc (NYSE:WMT), where an investment totaling $1M was made by Director Randall L. Stephenson. Click Here to Learn Which Other Five Dow Components Also Had Recent Insider Buying »

Stephenson bets big on WMT:

Purchased	Insider	Title	Shares	Price/Share	Value
03/08/2021	Randall L. Stephenson	Director	7,725	$129.63	$1,001,375.53

Stephenson's average cost works out to $129.63/share. Shares of Walmart Inc were changing hands at $133.93 at last check, trading up about 0.3% on Tuesday. The chart below shows the one year performance of WMT shares, versus its 200 day moving average:

Walmart Inc Chart

Looking at the chart above, WMT's low point in its 52 week range is $106.8466 per share, with $153.6597 as the 52 week high point — that compares with a last trade of $133.93.

The current annualized dividend paid by Walmart Inc is $2.2/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 03/18/2021. Below is a long-term dividend history chart for WMT, which can be of good help in judging whether the most recent dividend with approx. 1.6% annualized yield is likely to continue.

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