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 on Wednesday, November 27th. The shares were sold at an average price of $92.00, for a total value of $1,207,500.00. Following the completion of the sale, the executive vice president now directly owns 579,915 shares of the company’s stock, valued at $53,352,180. This trade represents a 2.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Walmart Stock Up 0.7 %

Walmart stock traded up $0.62 during mid-day trading on Friday, reaching $92.50. The company’s stock had a trading volume of 11,041,178 shares, compared to its average volume of 16,881,605. The company has a market capitalization of $743.54 billion, a price-to-earnings ratio of 37.96, a price-to-earnings-growth ratio of 4.36 and a beta of 0.51. The business’s 50 day simple moving average is $83.35 and its 200 day simple moving average is $74.82. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $92.64.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the prior year, the business posted $0.51 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. As a group, research analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the 3rd quarter worth approximately $26,000. Voisard Asset Management Group Inc. increased its holdings in shares of Walmart by 77.3% in the third 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 during the last quarter. Hoese & Co LLP bought a new position in shares of Walmart in the third quarter valued at about $33,000. TruNorth Capital Management LLC boosted its holdings in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the period. Finally, Cultivar Capital Inc. acquired a new stake in Walmart during the second quarter worth approximately $29,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Oppenheimer lifted their price objective on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Citigroup lifted their price target on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Wells Fargo & Company raised their price objective on shares of Walmart from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Stifel Nicolaus upped their target price on shares of Walmart from $85.00 to $89.00 and gave the company a “hold” rating in a research report on Wednesday, November 20th. Finally, Bank of America raised their price target on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $91.88.

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.