Walmart Inc. (NYSE:WMT – Get Free Report) 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 – Get Free Report) 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
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.
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