John D. Rainey Sells 1,000 Shares of Walmart Inc. (NYSE:WMT) Stock

Walmart Inc. (NYSE:WMTGet Free Report) EVP John D. Rainey sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $167.16, for a total transaction of $167,160.00. Following the sale, the executive vice president now owns 176,871 shares in the company, valued at $29,565,756.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Walmart Stock Up 0.7 %

WMT opened at $169.83 on Wednesday. Walmart Inc. has a 1-year low of $136.09 and a 1-year high of $170.57. The stock’s fifty day simple moving average is $158.88 and its 200 day simple moving average is $160.12. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.49. The stock has a market cap of $457.22 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 3.32 and a beta of 0.49.

Walmart shares are scheduled to split on Monday, February 26th. The 3-1 split was announced on Monday, February 26th. The newly created shares will be distributed to shareholders after the market closes on Monday, February 26th.

Walmart (NYSE:WMTGet Free Report) last issued its quarterly earnings results on Thursday, November 16th. The retailer reported $1.53 EPS for the quarter, hitting analysts’ consensus estimates of $1.53. Walmart had a return on equity of 21.20% and a net margin of 2.55%. The company had revenue of $160.80 billion for the quarter, compared to analysts’ expectations of $159.65 billion. During the same quarter last year, the business earned $1.50 earnings per share. Walmart’s revenue was up 5.2% on a year-over-year basis. As a group, research analysts expect that Walmart Inc. will post 6.46 earnings per share for the current year.

Institutional Trading of Walmart

Large investors have recently bought and sold shares of the business. Kozak & Associates Inc. boosted its stake in shares of Walmart by 1,490.0% during the third quarter. Kozak & Associates Inc. now owns 159 shares of the retailer’s stock valued at $25,000 after purchasing an additional 149 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in shares of Walmart during the third quarter valued at about $25,000. Marquette Asset Management LLC acquired a new stake in shares of Walmart during the second quarter valued at about $34,000. Signature Resources Capital Management LLC bought a new position in shares of Walmart during the fourth quarter worth about $35,000. Finally, Union Savings Bank bought a new position in shares of Walmart during the second quarter worth about $37,000. 33.18% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on WMT. Truist Financial increased their price objective on shares of Walmart from $168.00 to $170.00 and gave the company a “hold” rating in a research report on Friday, November 17th. Stifel Nicolaus increased their target price on shares of Walmart from $169.00 to $171.00 and gave the company a “hold” rating in a research report on Monday, November 13th. Morgan Stanley dropped their target price on shares of Walmart from $170.00 to $168.00 and set an “overweight” rating on the stock in a research report on Friday, November 17th. Stephens increased their target price on shares of Walmart from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, November 13th. Finally, Tigress Financial increased their target price on shares of Walmart from $182.00 to $196.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Four research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $179.44.

View Our Latest Analysis on Walmart

Walmart Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Walmart (NYSE:WMT)

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