John D. Rainey Sells 25,578 Shares of Walmart Inc. (NYSE:WMT) Stock

Walmart Inc. (NYSE:WMT) EVP John D. Rainey sold 25,578 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the completion of the transaction, the executive vice president now owns 390,165 shares in the company, valued at $26,367,350.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Walmart Stock Performance

Shares of WMT traded up $0.59 during mid-day trading on Tuesday, hitting $68.07. 9,425,997 shares of the company’s stock were exchanged, compared to its average volume of 17,943,051. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $69.04. The firm has a market capitalization of $547.52 billion, a P/E ratio of 29.06, a P/E/G ratio of 3.91 and a beta of 0.50. The business’s 50 day moving average is $64.22 and its two-hundred day moving average is $59.53. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities analysts expect that Walmart Inc. will post 2.42 earnings per share for the current year.

Analysts Set New Price Targets

WMT has been the topic of a number of recent analyst reports. DA Davidson upped their price objective on Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Tigress Financial upped their price target on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Raymond James upped their price target on Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Evercore ISI upped their price target on Walmart from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Thursday, June 20th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Walmart from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $70.47.

Institutional Investors Weigh In On Walmart

Several hedge funds have recently made changes to their positions in WMT. Flynn Zito Capital Management LLC lifted its position in Walmart by 3.9% in the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after purchasing an additional 61 shares during the period. ICW Investment Advisors LLC lifted its position in Walmart by 0.4% in the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after purchasing an additional 62 shares during the period. Bill Few Associates Inc. lifted its position in Walmart by 1.1% in the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after purchasing an additional 64 shares during the period. Rossmore Private Capital lifted its position in Walmart by 0.3% in the fourth quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock valued at $3,232,000 after purchasing an additional 65 shares during the period. Finally, Sheaff Brock Investment Advisors LLC lifted its position in Walmart by 0.3% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock valued at $3,370,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

About Walmart

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.