Walmart Inc. (NYSE:WMT) EVP Sells $895,125.00 in Stock

Walmart Inc. (NYSE:WMT) 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) 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

A number of hedge funds and other institutional investors have recently made changes to their positions in WMT. Flynn Zito Capital Management LLC lifted its position in Walmart by 3.9% in the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after purchasing an additional 61 shares during the period. ICW Investment Advisors LLC lifted its holdings in shares of Walmart by 0.4% in the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after buying an additional 62 shares during the period. Bill Few Associates Inc. boosted its stake in Walmart by 1.1% during the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after buying an additional 64 shares in the last quarter. Gateway Advisory LLC grew its holdings in Walmart by 4.1% during the third quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock worth $263,000 after acquiring an additional 65 shares during the period. Finally, Rossmore Private Capital raised its position in Walmart by 0.3% in the fourth quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after acquiring an additional 65 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

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.

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.