Walmart Inc. (NYSE:WMT) EVP John D. Rainey Sells 38,000 Shares

Walmart Inc. (NYSE:WMT) EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Walmart Stock Performance

NYSE WMT opened at $102.47 on Thursday. The stock has a market capitalization of $823.21 billion, a PE ratio of 42.05, a P/E/G ratio of 4.49 and a beta of 0.55. Walmart Inc. has a 1-year low of $55.85 and a 1-year high of $102.58. The business has a 50 day simple moving average of $93.46 and a two-hundred day simple moving average of $83.69. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) 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 business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, research analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WMT shares. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Wells Fargo & Company increased their price target on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday. Telsey Advisory Group upped their target price on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Piper Sandler raised their price target on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, Guggenheim boosted their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average target price of $96.01.

Institutional Investors Weigh In On Walmart

A number of large investors have recently modified their holdings of WMT. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the fourth quarter worth about $25,000. Peterson Financial Group Inc. purchased a new position in Walmart during the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. acquired a new stake in Walmart during the 4th quarter valued at approximately $27,000. Voisard Asset Management Group Inc. boosted its holdings in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the fourth quarter worth $32,000. 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.