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

Walmart Inc. (NYSE:WMTGet Free Report) EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $66.85, for a total value of $877,406.25. Following the completion of the sale, the executive vice president now directly owns 658,665 shares of the company’s stock, valued at approximately $44,031,755.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Walmart Stock Performance

Shares of NYSE:WMT opened at $67.02 on Monday. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $67.57. The stock has a market capitalization of $539.08 billion, a price-to-earnings ratio of 28.68, a price-to-earnings-growth ratio of 3.87 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The company’s 50 day simple moving average is $62.47 and its 200 day simple moving average is $58.23.

Walmart (NYSE:WMTGet Free Report) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.49 EPS. As a group, research analysts predict that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on WMT shares. Tigress Financial increased their price target on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a report on Monday, May 20th. Jefferies Financial Group upped their price objective on Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, June 10th. Truist Financial lifted their target price on Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a research note on Friday, May 17th. Finally, Barclays increased their price target on Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.94.

Get Our Latest Stock Analysis on Walmart

Institutional Investors Weigh In On Walmart

A number of hedge funds have recently made changes to their positions in WMT. EntryPoint Capital LLC acquired a new stake in Walmart in the first quarter valued at approximately $25,000. Northwest Capital Management Inc boosted its holdings in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares in the last quarter. Partnership Wealth Management LLC bought a new stake in Walmart during the 4th quarter worth $30,000. Able Wealth Management LLC acquired a new position in Walmart in the 4th quarter worth about $30,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Walmart during the fourth quarter valued at about $32,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

About Walmart

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.