Walmart Inc. (NYSE:WMT – Get Free Report) EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were 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 in the company, valued at approximately $30,862,930.05. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Walmart Stock Performance
NYSE:WMT opened at $80.43 on Friday. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.60. The stock has a market cap of $646.52 billion, a P/E ratio of 34.42, a PEG ratio of 4.03 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The firm has a 50-day moving average of $75.26 and a two-hundred day moving average of $68.03.
Walmart (NYSE:WMT – Get Free Report) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share 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 firm had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the firm earned $0.61 EPS. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.
Institutional Trading of Walmart
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on WMT shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Melius Research started coverage on Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target for the company. Piper Sandler restated an “overweight” rating and set a $83.00 price objective (up previously from $81.00) on shares of Walmart in a report on Friday, August 16th. Truist Financial upgraded Walmart from a “hold” rating to a “buy” rating and upped their target price for the company from $76.00 to $89.00 in a research note on Tuesday, September 24th. Finally, Oppenheimer raised their price target on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, June 6th. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $81.62.
Check Out Our Latest Report on Walmart
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.
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