Walmart Inc. (NYSE:WMT) EVP Sells $1,215,375.00 in Stock

Walmart Inc. (NYSE:WMT) EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the transaction, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. This trade represents a 2.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Walmart Stock Performance

NYSE WMT opened at $91.66 on Monday. Walmart Inc. has a twelve month low of $51.87 and a twelve month high of $96.18. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a market cap of $736.34 billion, a P/E ratio of 37.62, a PEG ratio of 4.47 and a beta of 0.54. The company’s 50-day simple moving average is $88.60 and its 200 day simple moving average is $78.99.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.51 EPS. As a group, research analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Peterson Financial Group Inc. acquired a new position in Walmart in the third quarter valued at approximately $26,000. Voisard Asset Management Group Inc. raised its position in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the last quarter. Hoese & Co LLP acquired a new position in shares of Walmart in the 3rd quarter valued at $33,000. Livelsberger Financial Advisory bought a new position in shares of Walmart in the 3rd quarter worth $36,000. Finally, Hara Capital LLC bought a new position in shares of Walmart in the 3rd quarter worth $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on WMT. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Bank of America increased their price target on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. 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. Telsey Advisory Group increased their target price on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, Royal Bank of Canada boosted their price target on Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $93.69.

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.