Walmart Inc (NYSE:WMT) EVP Marc E. Lore sold 85,000 shares of Walmart stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $138.54, for a total value of $11,775,900.00. Following the transaction, the executive vice president now directly owns 1,776,505 shares in the company, valued at approximately $246,117,002.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NYSE WMT opened at $137.36 on Wednesday. The stock has a market cap of $389.24 billion, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 4.60 and a beta of 0.28. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 0.56. The business has a fifty day moving average of $134.74 and a 200-day moving average of $125.14. Walmart Inc has a fifty-two week low of $102.00 and a fifty-two week high of $151.33.
Walmart (NYSE:WMT) last posted its earnings results on Tuesday, August 18th. The retailer reported $1.56 EPS for the quarter, beating the consensus estimate of $1.25 by $0.31. Walmart had a return on equity of 19.13% and a net margin of 3.30%. The firm had revenue of $137.70 billion for the quarter, compared to analysts’ expectations of $133.77 billion. During the same period last year, the firm earned $1.27 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. As a group, analysts anticipate that Walmart Inc will post 5.28 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GQG Partners LLC acquired a new position in shares of Walmart during the 2nd quarter worth approximately $417,050,000. Wellington Management Group LLP raised its position in Walmart by 17.2% in the first quarter. Wellington Management Group LLP now owns 16,328,915 shares of the retailer’s stock worth $1,855,292,000 after acquiring an additional 2,402,254 shares during the period. Advisor Group Holdings Inc. bought a new stake in shares of Walmart in the first quarter valued at approximately $66,166,000. Massachusetts Financial Services Co. MA increased its holdings in Walmart by 5,535.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,290,622 shares of the retailer’s stock worth $146,640,000 after acquiring an additional 1,267,722 shares during the period. Finally, Swiss National Bank grew its stake in Walmart by 21.5% in the 1st quarter. Swiss National Bank now owns 6,261,558 shares of the retailer’s stock worth $711,438,000 after buying an additional 1,107,000 shares in the last quarter. 29.34% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research raised Walmart from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a report on Tuesday. Royal Bank of Canada upped their price objective on Walmart from $132.00 to $137.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 19th. KeyCorp increased their price target on Walmart from $138.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Nomura increased their price objective on Walmart from $131.00 to $139.00 in a report on Wednesday, May 20th. Finally, Deutsche Bank reissued a “buy” rating and set a $144.00 target price (up from $142.00) on shares of Walmart in a research report on Wednesday, August 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. Walmart has a consensus rating of “Buy” and an average price target of $139.58.
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
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