Insider Selling: Walmart Inc. (NYSE:WMT) EVP Sells 13,125 Shares of Stock

Walmart Inc. (NYSE:WMT) EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the sale, the executive vice president now owns 568,626 shares in the company, valued at approximately $52,859,472.96. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Walmart Stock Up 1.1 %

Shares of Walmart stock opened at $94.84 on Friday. The stock has a 50-day simple moving average of $91.81 and a 200-day simple moving average of $81.95. Walmart Inc. has a 52-week low of $53.47 and a 52-week high of $96.18. The firm has a market cap of $761.90 billion, a price-to-earnings ratio of 38.92, a P/E/G ratio of 4.42 and a beta of 0.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WMT shares. Roth Mkm lifted their price objective on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley boosted their price target on shares of Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research report on Tuesday. Oppenheimer increased their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Piper Sandler upped their target price on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, Wells Fargo & Company lifted their price target on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.69.

Institutional Trading of Walmart

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Peterson Financial Group Inc. acquired a new stake in Walmart in the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the fourth quarter worth $27,000. Voisard Asset Management Group Inc. boosted its holdings 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 worth $32,000 after buying an additional 174 shares during the period. Decker Retirement Planning Inc. acquired a new position in Walmart in the 4th quarter valued at $32,000. Finally, Hoese & Co LLP bought a new position in Walmart in the 3rd quarter worth $33,000. Institutional investors and hedge funds 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.