John R. Furner Sells 13,125 Shares of Walmart Inc. (NYSE:WMT) 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, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Walmart Stock Performance

WMT opened at $91.66 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12-month low of $51.87 and a 12-month high of $96.18. The business has a 50 day moving average of $88.60 and a 200-day moving average of $78.99. The stock has a market cap of $736.34 billion, a price-to-earnings ratio of 37.62, a PEG ratio of 4.47 and a beta of 0.54.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter last year, the firm posted $0.51 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities research analysts expect that Walmart Inc. will post 2.47 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Bank of America lifted their price target on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. TD Cowen boosted their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Barclays raised their price target on Walmart from $78.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Guggenheim boosted their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird raised their target price on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.69.

Institutional Trading of Walmart

Hedge funds and other institutional investors have recently modified their holdings of the stock. Legacy Wealth Management LLC MS raised its holdings in Walmart by 2.3% in the 3rd quarter. Legacy Wealth Management LLC MS now owns 85,424 shares of the retailer’s stock valued at $6,898,000 after acquiring an additional 1,907 shares during the period. 1ST Source Bank increased its stake in shares of Walmart by 1.6% during the third quarter. 1ST Source Bank now owns 65,133 shares of the retailer’s stock worth $5,259,000 after purchasing an additional 998 shares during the period. Alternative Investment Advisors LLC. acquired a new stake in Walmart during the 3rd quarter worth approximately $318,000. DGS Capital Management LLC boosted its stake in Walmart by 18.4% in the 3rd quarter. DGS Capital Management LLC now owns 19,580 shares of the retailer’s stock valued at $1,581,000 after purchasing an additional 3,048 shares during the period. Finally, Copley Financial Group Inc. acquired a new position in Walmart in the 3rd quarter valued at $303,000. Institutional investors own 26.76% of the company’s stock.

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.