John D. Rainey Sells 3,000 Shares of Walmart Inc. (NYSE:WMT) Stock

Walmart Inc. (NYSE:WMT) EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total value of $242,910.00. Following the sale, the executive vice president now owns 381,165 shares of the company’s stock, valued at approximately $30,862,930.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Walmart Stock Performance

Shares of WMT opened at $80.94 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm has a market cap of $650.62 billion, a PE ratio of 34.64, a P/E/G ratio of 4.03 and a beta of 0.51. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.60. The stock has a fifty day moving average price of $75.48 and a 200-day moving average price of $68.16.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period last year, the business posted $0.61 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. Equities research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Tigress Financial lifted their price target on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Bank of America increased their price objective on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Finally, Roth Mkm increased their price target on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $81.62.

Institutional Trading of Walmart

Several large investors have recently bought and sold shares of the stock. Syverson Strege & Co grew its holdings in shares of Walmart by 2.6% during the fourth quarter. Syverson Strege & Co now owns 3,377 shares of the retailer’s stock valued at $532,000 after buying an additional 85 shares during the last quarter. Per Stirling Capital Management LLC. grew its stake in Walmart by 2.6% during the 4th quarter. Per Stirling Capital Management LLC. now owns 4,009 shares of the retailer’s stock valued at $632,000 after purchasing an additional 100 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its holdings in shares of Walmart by 1.6% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 6,166 shares of the retailer’s stock valued at $975,000 after purchasing an additional 100 shares during the period. Pinnacle Holdings LLC raised its stake in shares of Walmart by 0.9% in the fourth quarter. Pinnacle Holdings LLC now owns 11,560 shares of the retailer’s stock worth $1,822,000 after purchasing an additional 108 shares during the last quarter. Finally, Magellan Asset Management Ltd lifted its holdings in shares of Walmart by 8.7% during the fourth quarter. Magellan Asset Management Ltd now owns 1,617 shares of the retailer’s stock worth $255,000 after purchasing an additional 129 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

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.