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 dated Wednesday, November 27th. The stock was sold at an average price of $92.00, for a total value of $1,207,500.00. Following the transaction, the executive vice president now owns 579,915 shares in the company, valued at approximately $53,352,180. This represents a 2.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Walmart Stock Up 0.7 %

NYSE:WMT opened at $92.50 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average of $83.35 and a 200-day moving average of $74.82. The firm has a market capitalization of $743.54 billion, a PE ratio of 37.96, a price-to-earnings-growth ratio of 4.36 and a beta of 0.51. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $92.64.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. Analysts predict that Walmart Inc. will post 2.47 EPS for the current year.

Institutional Trading of Walmart

Hedge funds have recently bought and sold shares of the company. American Trust increased its stake in shares of Walmart by 2.3% in the third quarter. American Trust now owns 11,085 shares of the retailer’s stock valued at $895,000 after purchasing an additional 252 shares during the period. Old North State Trust LLC grew its holdings in Walmart by 1.8% in the 3rd quarter. Old North State Trust LLC now owns 14,124 shares of the retailer’s stock worth $1,141,000 after buying an additional 252 shares in the last quarter. Franklin Resources Inc. increased its position in Walmart by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after acquiring an additional 1,480,927 shares during the period. Tri Ri Asset Management Corp bought a new stake in Walmart during the 3rd quarter valued at $1,450,000. Finally, Synovus Financial Corp boosted its position in Walmart by 13.3% during the 3rd quarter. Synovus Financial Corp now owns 326,545 shares of the retailer’s stock worth $26,369,000 after acquiring an additional 38,236 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on WMT. Bank of America boosted their price target on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. BMO Capital Markets boosted their target price on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Robert W. Baird raised their price target on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Evercore ISI boosted their price objective on shares of Walmart from $66.00 to $89.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Piper Sandler upped their price objective on shares of Walmart from $83.00 to $93.00 and gave the company 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 given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $91.88.

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.