Walmart Inc. (NYSE:WMT) EVP Sells $216,260.00 in Stock

Key Points

• Walmart's Executive Vice President, John D. Rainey, sold 2,200 shares of the company's stock for a total of $216,260.00, representing a 0.35% decrease in his ownership.
• Walmart's stock recently traded at $99.49, with a market capitalization of $793.95 billion and a P/E ratio of 42.52.
• Research reports suggest a general optimism towards Walmart, with several analysts increasing their price targets and most rating the stock as a "Moderate Buy."

Walmart Inc. (NYSE:WMT - Get Free Report) EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $98.30, for a total value of $216,260.00. Following the completion of the transaction, the executive vice president owned 626,118 shares of the company's stock, valued at $61,547,399.40. The trade was a 0.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Walmart Stock Performance

Walmart stock traded up $1.00 during mid-day trading on Monday, reaching $99.49. The company's stock had a trading volume of 19,042,965 shares, compared to its average volume of 13,544,672. Walmart Inc. has a 12-month low of $66.67 and a 12-month high of $105.30. The company has a market capitalization of $793.95 billion, a P/E ratio of 42.52, a PEG ratio of 4.74 and a beta of 0.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The firm's fifty day moving average price is $96.86 and its two-hundred day moving average price is $95.08.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 EPS. Sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Institutional Trading of Walmart

A number of hedge funds have recently made changes to their positions in the stock. Operose Advisors LLC lifted its stake in Walmart by 319.7% in the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after purchasing an additional 243 shares during the last quarter. PFS Partners LLC increased its position in shares of Walmart by 267.8% in the second quarter. PFS Partners LLC now owns 320 shares of the retailer's stock valued at $31,000 after acquiring an additional 233 shares during the period. Ridgewood Investments LLC increased its position in shares of Walmart by 55.3% in the second quarter. Ridgewood Investments LLC now owns 323 shares of the retailer's stock valued at $32,000 after acquiring an additional 115 shares during the period. Bear Mountain Capital Inc. increased its position in shares of Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after acquiring an additional 167 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in shares of Walmart by 432.4% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $32,000 after acquiring an additional 294 shares during the period. 26.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent research reports. Truist Financial increased their price objective on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Raymond James Financial decreased their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, April 11th. UBS Group cut their price objective on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Stifel Nicolaus dropped their price target on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $115.00 price target on shares of Walmart in a research report on Monday, June 9th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $106.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.