Walmart Inc (NYSE:WMT) insider John R. Furner sold 10,000 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $101.82, for a total transaction of $1,018,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Walmart stock traded down $0.45 during mid-day trading on Friday, hitting $100.86. 9,263,265 shares of the company’s stock traded hands, compared to its average volume of 7,104,785. Walmart Inc has a fifty-two week low of $81.78 and a fifty-two week high of $106.21. The company has a market capitalization of $297.01 billion, a price-to-earnings ratio of 20.54, a P/E/G ratio of 4.59 and a beta of 0.36. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.80 and a quick ratio of 0.23.
Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.11. Walmart had a return on equity of 18.60% and a net margin of 1.30%. The business had revenue of $122.95 billion during the quarter, compared to the consensus estimate of $124.51 billion. During the same quarter last year, the firm posted $1.14 EPS. The company’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, equities analysts anticipate that Walmart Inc will post 4.76 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the stock. Credit Suisse Group reiterated a “neutral” rating and issued a $103.00 price target on shares of Walmart in a research report on Wednesday, February 20th. Wolfe Research downgraded shares of Walmart from a “peer perform” rating to an “underperform” rating in a research report on Wednesday, May 8th. Gordon Haskett upgraded shares of Walmart from a “hold” rating to an “accumulate” rating and set a $115.00 price target on the stock in a research report on Friday. Deutsche Bank increased their price target on shares of Walmart from $118.00 to $120.00 and gave the company a “buy” rating in a research report on Friday. Finally, Zacks Investment Research downgraded shares of Walmart from a “buy” rating to a “hold” rating in a research report on Friday. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eighteen have issued a buy rating to the stock. Walmart currently has an average rating of “Hold” and an average target price of $107.13.
A number of institutional investors have recently made changes to their positions in WMT. Vanguard Group Inc increased its holdings in shares of Walmart by 0.9% during the third quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock worth $11,761,729,000 after purchasing an additional 1,110,593 shares during the period. Contravisory Investment Management Inc. bought a new position in shares of Walmart during the fourth quarter worth approximately $41,000. Ipswich Investment Management Co. Inc. bought a new position in shares of Walmart during the fourth quarter worth approximately $26,000. Windward Capital Management Co. CA increased its holdings in shares of Walmart by 4.8% during the fourth quarter. Windward Capital Management Co. CA now owns 22,090 shares of the retailer’s stock worth $2,058,000 after purchasing an additional 1,003 shares during the period. Finally, Tealwood Asset Management Inc. increased its holdings in shares of Walmart by 130.2% during the fourth quarter. Tealwood Asset Management Inc. now owns 5,105 shares of the retailer’s stock worth $476,000 after purchasing an additional 2,887 shares during the period. 28.96% of the stock is owned by institutional investors and hedge funds.
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Walmart Company Profile
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.
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