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 the business’s stock in a transaction 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 transaction, the executive vice president now owns 568,626 shares of the company’s stock, valued at $52,859,472.96. This trade represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Walmart Trading Up 1.1 %

WMT opened at $94.84 on Friday. The firm has a market capitalization of $761.90 billion, a price-to-earnings ratio of 38.92, a PEG ratio of 4.42 and a beta of 0.55. Walmart Inc. has a one year low of $53.47 and a one year high of $96.18. The business has a 50 day simple moving average of $92.02 and a two-hundred day simple moving average of $82.13. 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 quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 earnings per share. Analysts predict that Walmart Inc. will post 2.48 EPS for the current year.

Hedge Funds Weigh In On Walmart

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

Wall Street Analysts Forecast Growth

WMT has been the subject of several recent analyst reports. UBS Group boosted their target price on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Telsey Advisory Group upped their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Wells Fargo & Company raised their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, January 10th. Piper Sandler increased their price target on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Sanford C. Bernstein raised their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.