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

Walmart Inc. (NYSE:WMT) EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. The trade was a 2.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Walmart Stock Down 1.2 %

Shares of NYSE:WMT traded down $1.13 during trading on Friday, hitting $91.66. The stock had a trading volume of 11,363,566 shares, compared to its average volume of 17,042,813. The firm’s fifty day moving average is $88.40 and its 200 day moving average is $78.64. The company has a market capitalization of $736.34 billion, a PE ratio of 37.62, a PEG ratio of 4.47 and a beta of 0.54. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12 month low of $51.87 and a 12 month high of $96.18.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Tigress Financial lifted their price target on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Royal Bank of Canada boosted their price target on Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Evercore ISI increased their price target on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Jefferies Financial Group upped their target price on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Truist Financial lifted their price target on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $93.69.

Institutional Trading of Walmart

A number of hedge funds have recently bought and sold shares of the company. Innealta Capital LLC bought a new position in shares of Walmart during the second quarter worth $43,000. Fort Washington Investment Advisors Inc. OH lifted its position in Walmart by 3.1% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 67,159 shares of the retailer’s stock valued at $4,547,000 after purchasing an additional 1,999 shares during the last quarter. Boston Financial Mangement LLC grew its stake in shares of Walmart by 9.2% in the 2nd quarter. Boston Financial Mangement LLC now owns 28,233 shares of the retailer’s stock worth $1,912,000 after buying an additional 2,386 shares in the last quarter. Kings Path Partners LLC purchased a new stake in shares of Walmart during the 2nd quarter valued at about $42,000. Finally, Wolf Group Capital Advisors purchased a new stake in Walmart during the second quarter valued at approximately $245,000. Hedge funds and other institutional investors 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.