Rachel L. Brand Sells 4,853 Shares of Walmart Inc. (NYSE:WMT) Stock

Walmart Inc. (NYSE:WMTGet Rating) EVP Rachel L. Brand sold 4,853 shares of the stock in a transaction on Monday, November 21st. The stock was sold at an average price of $150.66, for a total value of $731,152.98. Following the completion of the transaction, the executive vice president now owns 179,496 shares of the company’s stock, valued at approximately $27,042,867.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Walmart Stock Performance

NYSE WMT opened at $152.42 on Friday. The business’s 50-day moving average price is $137.68 and its 200 day moving average price is $132.26. Walmart Inc. has a twelve month low of $117.27 and a twelve month high of $160.77. The company has a market capitalization of $413.70 billion, a PE ratio of 47.04, a price-to-earnings-growth ratio of 4.54 and a beta of 0.52. The company has a current ratio of 0.86, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMTGet Rating) last released its earnings results on Tuesday, November 15th. The retailer reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.18. Walmart had a return on equity of 19.54% and a net margin of 1.49%. The firm had revenue of $152.80 billion for the quarter, compared to the consensus estimate of $146.80 billion. During the same period in the prior year, the business posted $1.45 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, research analysts predict that Walmart Inc. will post 6.08 earnings per share for the current year.

Walmart declared that its board has approved a share repurchase program on Tuesday, November 15th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the retailer to repurchase up to 5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

WMT has been the subject of several research analyst reports. Piper Sandler initiated coverage on Walmart in a research report on Wednesday, August 3rd. They issued a “neutral” rating and a $135.00 price objective for the company. Citigroup increased their price objective on Walmart from $162.00 to $169.00 in a research report on Wednesday, November 16th. Bank of America upped their target price on Walmart from $155.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, November 16th. Morgan Stanley upped their target price on Walmart from $150.00 to $164.00 and gave the company an “overweight” rating in a report on Thursday, November 17th. Finally, Credit Suisse Group upped their target price on Walmart from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, November 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $160.14.

Hedge Funds Weigh In On Walmart

Large investors have recently modified their holdings of the company. Cordant Inc. purchased a new position in shares of Walmart in the 1st quarter worth about $25,000. Ulland Investment Advisors LLC raised its holdings in shares of Walmart by 442.9% in the 1st quarter. Ulland Investment Advisors LLC now owns 190 shares of the retailer’s stock worth $28,000 after purchasing an additional 155 shares during the period. Tacita Capital Inc raised its holdings in shares of Walmart by 100.0% in the 1st quarter. Tacita Capital Inc now owns 200 shares of the retailer’s stock worth $30,000 after purchasing an additional 100 shares during the period. Bellwether Advisors LLC raised its holdings in shares of Walmart by 112.0% in the 3rd quarter. Bellwether Advisors LLC now owns 212 shares of the retailer’s stock worth $27,000 after purchasing an additional 112 shares during the period. Finally, Lipe & Dalton purchased a new stake in shares of Walmart during the 3rd quarter valued at about $29,000. 31.26% of the stock is currently owned by hedge funds and other institutional investors.

About Walmart

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Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Insider Buying and Selling by Quarter for Walmart (NYSE:WMT)

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