John D. Rainey Sells 38,000 Shares of Walmart Inc. (NYSE:WMT) Stock

Walmart Inc. (NYSE:WMT) EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the transaction, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Walmart Stock Up 0.4 %

Walmart stock opened at $102.86 on Friday. The firm has a 50 day moving average price of $93.67 and a two-hundred day moving average price of $83.82. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a 52-week low of $55.85 and a 52-week high of $103.02. The firm has a market cap of $826.30 billion, a price-to-earnings ratio of 42.21, a PEG ratio of 4.49 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 earnings per share. Equities analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Institutional Investors Weigh In On Walmart

Several institutional investors and hedge funds have recently made changes to their positions in WMT. Vestmark Advisory Solutions Inc. lifted its stake in Walmart by 222.4% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 10,398 shares of the retailer’s stock valued at $939,000 after buying an additional 7,173 shares during the period. Lindbrook Capital LLC increased its stake in shares of Walmart by 1.1% in the 4th quarter. Lindbrook Capital LLC now owns 32,338 shares of the retailer’s stock valued at $2,922,000 after acquiring an additional 357 shares in the last quarter. Inceptionr LLC lifted its position in shares of Walmart by 36.8% during the 4th quarter. Inceptionr LLC now owns 22,230 shares of the retailer’s stock valued at $2,008,000 after acquiring an additional 5,983 shares during the period. Raymond James Financial Inc. bought a new position in Walmart during the fourth quarter worth $2,306,627,000. Finally, Promus Capital LLC acquired a new stake in Walmart in the fourth quarter worth $393,000. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on WMT shares. Bank of America lifted their target price on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. UBS Group upped their target price on Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Barclays lifted their price target on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Wells Fargo & Company upped their price objective on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Monday. Finally, Stifel Nicolaus lifted their target price on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.01.

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.