Walmart Inc. (NYSE:WMT) EVP John R. Furner Sells 13,125 Shares

Walmart Inc. (NYSE:WMT) EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the transaction, the executive vice president now owns 606,165 shares of the company’s stock, valued at $49,123,611.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Walmart Stock Up 1.2 %

Shares of WMT stock traded up $0.97 during mid-day trading on Monday, hitting $80.75. The company’s stock had a trading volume of 18,844,833 shares, compared to its average volume of 17,469,043. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $81.60. The stock has a market cap of $649.09 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 4.00 and a beta of 0.51. The business has a 50-day moving average price of $74.44 and a 200 day moving average price of $67.57.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after buying an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 acquiring an additional 36,625,314 shares during the last quarter. Swiss National Bank increased its stake in shares of Walmart by 187.4% in the 1st quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock worth $800,454,000 after purchasing an additional 8,674,100 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in Walmart by 284.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock worth $669,227,000 after purchasing an additional 8,225,552 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in Walmart by 184.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock valued at $756,188,000 after purchasing an additional 8,144,393 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WMT has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Morgan Stanley upped their price objective on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Guggenheim boosted their price target on shares of Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. TD Cowen raised their price objective on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Citigroup upped their target price on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $81.62.

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.