Walmart Inc. (NYSE:WMT) EVP Sells $242,910.00 in Stock

Walmart Inc. (NYSE:WMT) EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the completion of the transaction, the executive vice president now directly owns 381,165 shares of the company’s stock, valued at $30,862,930.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Walmart Stock Performance

Shares of WMT stock opened at $80.94 on Friday. The company’s 50 day moving average is $75.48 and its 200 day moving average is $68.22. 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 firm has a market cap of $650.62 billion, a price-to-earnings ratio of 34.64, a PEG ratio of 4.03 and a beta of 0.51. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.60.

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

Institutional Trading of Walmart

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after acquiring an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after buying an additional 36,625,314 shares during the last quarter. Legal & General Group Plc increased its position in Walmart by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after buying an additional 644,353 shares in the last quarter. Raymond James & Associates raised its stake in Walmart by 16.0% in the second quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock valued at $1,102,463,000 after buying an additional 2,246,656 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Walmart by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock worth $1,095,946,000 after acquiring an additional 834,005 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WMT shares. Tigress Financial lifted their target price on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and raised their target price for the stock from $76.00 to $89.00 in a report on Tuesday, September 24th. Stifel Nicolaus upped their price target on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Wells Fargo & Company increased their price objective on shares of Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, Barclays boosted their target price on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $81.62.

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.