Walmart Inc. (NYSE:WMT) EVP John D. Rainey Sells 3,000 Shares

Walmart Inc. (NYSE:WMT) 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) 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

Institutional investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC lifted its stake in Walmart by 4.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 291,016 shares of the retailer’s stock worth $45,879,000 after purchasing an additional 12,362 shares during the last quarter. Annex Advisory Services LLC boosted its holdings in shares of Walmart by 9.5% in the 4th quarter. Annex Advisory Services LLC now owns 5,787 shares of the retailer’s stock valued at $912,000 after buying an additional 503 shares during the period. Per Stirling Capital Management LLC. grew its position in shares of Walmart by 2.6% during the 4th quarter. Per Stirling Capital Management LLC. now owns 4,009 shares of the retailer’s stock valued at $632,000 after buying an additional 100 shares during the last quarter. Cetera Advisor Networks LLC raised its stake in Walmart by 2.6% during the fourth quarter. Cetera Advisor Networks LLC now owns 259,142 shares of the retailer’s stock worth $40,854,000 after acquiring an additional 6,497 shares during the period. Finally, 1832 Asset Management L.P. lifted its holdings in Walmart by 403.7% in the fourth quarter. 1832 Asset Management L.P. now owns 428,577 shares of the retailer’s stock worth $67,565,000 after acquiring an additional 343,490 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

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.

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.