Insider Selling: Walmart Inc. (NYSE:WMT) EVP Sells 3,000 Shares of Stock

Walmart Inc. (NYSE:WMT) EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Walmart Stock Up 1.5 %

Shares of NYSE:WMT traded up $1.24 during trading on Tuesday, hitting $83.69. The stock had a trading volume of 10,601,907 shares, compared to its average volume of 16,793,160. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $672.72 billion, a PE ratio of 43.49, a PEG ratio of 4.12 and a beta of 0.51. The firm’s fifty day moving average is $79.93 and its 200 day moving average is $71.41. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $83.77.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $0.61 EPS. Analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Analyst Ratings Changes

WMT has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Melius Research initiated coverage on shares of Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 target price on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 price target (up previously from $81.00) on shares of Walmart in a report on Friday, August 16th. Oppenheimer lifted their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Evercore ISI upped their target price on Walmart from $82.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $83.89.

Institutional Trading of Walmart

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Investment Advisory Group LLC grew its stake in Walmart by 2.1% in the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after purchasing an additional 126 shares in the last quarter. Jag Capital Management LLC boosted its holdings in shares of Walmart by 1.4% during the third quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock valued at $760,000 after acquiring an additional 132 shares during the period. Professional Financial Advisors LLC grew its position in Walmart by 0.6% in the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after purchasing an additional 137 shares during the last quarter. Inspire Advisors LLC increased its holdings in shares of Walmart by 2.1% during the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after purchasing an additional 137 shares during the period. Finally, Creative Financial Designs Inc. ADV raised its holdings in Walmart by 2.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock worth $564,000 after purchasing an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

About Walmart

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.