Walmart Inc. (NYSE:WMT) EVP Sells $164,370.00 in Stock

Walmart Inc. (NYSE:WMT) EVP John D. Rainey sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $164.37, for a total value of $164,370.00. Following the sale, the executive vice president now owns 167,735 shares in the company, valued at approximately $27,570,601.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Walmart Stock Performance

Walmart stock opened at $164.66 on Monday. The stock’s 50 day simple moving average is $161.68 and its two-hundred day simple moving average is $156.92. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.83. The stock has a market cap of $443.19 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 3.91 and a beta of 0.53. Walmart Inc. has a fifty-two week low of $136.09 and a fifty-two week high of $166.29.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 17th. The retailer reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. Walmart had a return on equity of 21.47% and a net margin of 2.23%. The firm had revenue of $161.63 billion for the quarter, compared to analysts’ expectations of $160.22 billion. During the same period in the previous year, the firm posted $1.77 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, analysts expect that Walmart Inc. will post 6.44 earnings per share for the current fiscal year.

Institutional Trading of Walmart

A number of hedge funds have recently made changes to their positions in the stock. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Walmart by 93,272.8% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 821,003,685 shares of the retailer’s stock worth $129,045,359,000 after acquiring an additional 820,124,410 shares during the last quarter. BlackRock Inc. raised its holdings in Walmart by 0.4% in the 2nd quarter. BlackRock Inc. now owns 100,364,767 shares of the retailer’s stock worth $15,775,334,000 after acquiring an additional 430,215 shares during the last quarter. Geode Capital Management LLC raised its holdings in Walmart by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 25,499,791 shares of the retailer’s stock worth $3,995,749,000 after acquiring an additional 394,797 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings in Walmart by 112,181.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 22,854,919 shares of the retailer’s stock worth $3,240,599,000 after acquiring an additional 22,834,564 shares during the last quarter. Finally, Morgan Stanley raised its holdings in Walmart by 9.4% in the 4th quarter. Morgan Stanley now owns 22,382,688 shares of the retailer’s stock worth $3,173,642,000 after acquiring an additional 1,923,199 shares during the last quarter. 33.18% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research reports. Raymond James raised their price target on Walmart from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, August 18th. Guggenheim raised their price target on Walmart from $170.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, August 14th. Credit Suisse Group lifted their price objective on Walmart from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. Evercore ISI lifted their price objective on Walmart from $175.00 to $177.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. Finally, Tigress Financial lifted their price objective on Walmart from $182.00 to $196.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Four analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.61.

Walmart Company Profile

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 under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.