Insider Selling: Walmart Inc. (NYSE:WMT) EVP Sells 38,000 Shares of Stock

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

Walmart Stock Up 1.7 %

NYSE WMT traded up $1.70 on Wednesday, reaching $102.47. The stock had a trading volume of 15,902,185 shares, compared to its average volume of 15,366,958. Walmart Inc. has a 1 year low of $55.85 and a 1 year high of $102.58. The business has a 50 day moving average price of $93.46 and a 200 day moving average price of $83.69. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $823.21 billion, a price-to-earnings ratio of 42.05, a P/E/G ratio of 4.49 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. On average, analysts forecast that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Walmart

Large investors have recently bought and sold shares of the stock. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the fourth quarter valued at $25,000. Peterson Financial Group Inc. acquired a new position in shares of Walmart in the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. bought a new stake in Walmart during the 4th quarter worth approximately $27,000. Voisard Asset Management Group Inc. increased its holdings in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares in the last quarter. Finally, Decker Retirement Planning Inc. bought a new position in Walmart in the 4th quarter valued at $32,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WMT. UBS Group boosted their price objective on shares of Walmart from $100.00 to $113.00 and gave the company a “buy” rating in a report on Friday, January 31st. Telsey Advisory Group boosted their price target on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Tigress Financial upped their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Bank of America lifted their price target on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, DZ Bank cut shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target for the company. in a research note on Thursday, November 21st. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.01.

About Walmart

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.