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 Walmart stock in a transaction that occurred on Thursday, January 23rd. The shares were 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. The trade was a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Walmart Stock Up 1.1 %

WMT stock traded up $1.03 during trading on Friday, hitting $94.84. 14,969,066 shares of the company’s stock traded hands, compared to its average volume of 15,309,261. Walmart Inc. has a 1 year low of $53.47 and a 1 year high of $96.18. The business has a fifty day simple moving average of $91.81 and a two-hundred day simple moving average of $81.95. The firm has a market capitalization of $761.90 billion, a P/E ratio of 38.92, a PEG ratio of 4.42 and a beta of 0.55. 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 (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the firm posted $0.51 EPS. Walmart’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts anticipate that Walmart Inc. will post 2.48 EPS for the current year.

Institutional Trading of Walmart

A number of institutional investors and hedge funds have recently made changes to their positions in WMT. Point72 Hong Kong Ltd boosted its stake in Walmart by 112.3% during the second quarter. Point72 Hong Kong Ltd now owns 49,863 shares of the retailer’s stock worth $3,376,000 after buying an additional 26,379 shares during the last quarter. AXA S.A. lifted its holdings in shares of Walmart by 4.6% in the 2nd quarter. AXA S.A. now owns 856,755 shares of the retailer’s stock worth $58,011,000 after acquiring an additional 37,585 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Walmart by 5.1% during the second quarter. AQR Capital Management LLC now owns 4,187,908 shares of the retailer’s stock worth $283,563,000 after buying an additional 203,626 shares during the period. Employees Retirement System of Texas grew its position in Walmart by 20.9% in the 2nd quarter. Employees Retirement System of Texas now owns 1,465,762 shares of the retailer’s stock valued at $99,247,000 after acquiring an additional 253,762 shares in the last quarter. Finally, Drucker Wealth 3.0 LLC purchased a new stake in Walmart during the 2nd quarter worth approximately $275,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Roth Mkm upped their target price on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Citigroup upped their price objective on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Evercore ISI raised their price objective on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Morgan Stanley boosted their target price on Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, UBS Group increased their price target on shares of Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. 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.