John R. Furner Sells 13,125 Shares of Walmart Inc. (NYSE:WMT) Stock

by · The Markets Daily

Walmart Inc. (NYSE:WMT – Get Free Report) EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the transaction, the executive vice president now directly owns 606,165 shares in the company, valued at approximately $49,123,611.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Walmart Price Performance

WMT stock opened at $81.27 on Wednesday. The company has a market capitalization of $653.27 billion, a P/E ratio of 34.78, a PEG ratio of 4.00 and a beta of 0.51. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $81.60. The business has a 50 day simple moving average of $74.86 and a 200-day simple moving average of $67.85. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT – Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 earnings per share. As a group, equities analysts anticipate that Walmart Inc. will post 2.44 EPS for the current year.

Institutional Investors Weigh In On Walmart

Several hedge funds have recently modified their holdings of the stock. Neville Rodie & Shaw Inc. lifted its holdings in shares of Walmart by 1.8% during the third quarter. Neville Rodie & Shaw Inc. now owns 20,504 shares of the retailer’s stock worth $1,656,000 after purchasing an additional 356 shares during the period. Mattson Financial Services LLC acquired a new stake in shares of Walmart during the second quarter worth $2,924,000. Anchor Investment Management LLC lifted its holdings in shares of Walmart by 6.5% during the second quarter. Anchor Investment Management LLC now owns 85,145 shares of the retailer’s stock worth $5,765,000 after purchasing an additional 5,194 shares during the period. University of Texas Texas AM Investment Management Co. lifted its holdings in shares of Walmart by 24.2% during the second quarter. University of Texas Texas AM Investment Management Co. now owns 110,054 shares of the retailer’s stock worth $7,452,000 after purchasing an additional 21,478 shares during the period. Finally, Verity & Verity LLC lifted its holdings in shares of Walmart by 46.6% during the second quarter. Verity & Verity LLC now owns 15,205 shares of the retailer’s stock worth $1,030,000 after purchasing an additional 4,835 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and boosted their price target for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. Stifel Nicolaus boosted their price objective on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. TD Cowen boosted their price objective on shares of Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Morgan Stanley boosted their price objective on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $81.62.

View Our Latest Analysis on WMT

Walmart Company Profile

(Get Free Report)

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.

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