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 Walmart stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the sale, the executive vice president now owns 568,626 shares of the company’s stock, valued at approximately $52,859,472.96. This trade represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Walmart Stock Performance

Shares of WMT opened at $94.84 on Friday. Walmart Inc. has a 52-week low of $53.47 and a 52-week high of $96.18. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market cap of $761.90 billion, a price-to-earnings ratio of 38.92, a PEG ratio of 4.42 and a beta of 0.55. The business’s 50 day moving average is $91.81 and its two-hundred day moving average is $81.95.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. Analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Institutional Trading of Walmart

Several hedge funds and other institutional investors have recently bought and sold shares of WMT. Geode Capital Management LLC boosted its holdings in Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares during the period. FMR LLC boosted its holdings in shares of Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after buying an additional 7,200,004 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after buying an additional 2,107,197 shares during the period. Franklin Resources Inc. grew its position in shares of Walmart by 3.7% during the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after buying an additional 1,480,927 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Walmart by 1.8% in the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after acquiring an additional 644,353 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WMT has been the subject of several recent analyst reports. Evercore ISI lifted their target price on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Bank of America lifted their price objective on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. KeyCorp raised their price target on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Wells Fargo & Company upped their price objective on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Finally, Truist Financial raised their target price on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.69.

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.