Insider Selling: Walmart Inc. (NYSE:WMT) EVP Sells 13,125 Shares of Stock

Walmart Inc. (NYSE:WMT) EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $68.20, for a total value of $895,125.00. Following the transaction, the executive vice president now owns 645,540 shares of the company’s stock, valued at $44,025,828. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Walmart Price Performance

Shares of WMT opened at $67.71 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The stock has a market cap of $544.63 billion, a PE ratio of 28.98, a PEG ratio of 3.91 and a beta of 0.52. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $69.04. The business has a 50-day simple moving average of $64.07 and a two-hundred day simple moving average of $59.41.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. During the same quarter last year, the business earned $0.49 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Royal Bank of Canada boosted their price target on Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Tigress Financial lifted their price objective on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Oppenheimer boosted their price objective on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. Stifel Nicolaus raised their price objective on Walmart from $65.00 to $69.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Finally, Robert W. Baird lifted their target price on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.97.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. EntryPoint Capital LLC acquired a new stake in shares of Walmart during the first quarter worth $25,000. Northwest Capital Management Inc grew its holdings in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after buying an additional 293 shares during the last quarter. Partnership Wealth Management LLC acquired a new position in Walmart during the 4th quarter valued at about $30,000. Able Wealth Management LLC bought a new stake in Walmart during the fourth quarter worth $30,000. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in Walmart in the 4th quarter worth about $32,000. 26.76% of the stock is owned by institutional investors.

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.