Walmart Inc. (NYSE:WMT – Get Free Report) EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $68.20, for a total value of $895,125.00. Following the sale, the executive vice president now directly owns 645,540 shares in the company, valued at approximately $44,025,828. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Walmart Trading Down 0.3 %
Walmart stock opened at $67.71 on Monday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $69.04. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $544.63 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.91 and a beta of 0.52. The firm has a 50-day moving average price of $64.07 and a two-hundred day moving average price of $59.41.
Walmart (NYSE:WMT – Get Free Report) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.49 earnings per share. Sell-side analysts expect that Walmart Inc. will post 2.42 earnings per share for the current year.
Institutional Trading of Walmart
Wall Street Analysts Forecast Growth
Several analysts have weighed in on WMT shares. UBS Group upped their target price on Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. TD Cowen upped their price target on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Robert W. Baird increased their price target on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. JPMorgan Chase & Co. raised shares of Walmart from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $66.00 to $81.00 in a research note on Monday, June 10th. Finally, Truist Financial boosted their price target on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $69.97.
Get Our Latest Research Report on Walmart
Walmart Company Profile
Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.
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