Walmart Inc. EVP John D. Rainey Sells 3,000 Shares

On December 2nd, John D. Rainey, the Executive Vice President of Walmart Inc. (NYSE:WMT - Get Free Report), sold 3,000 shares of the company’s stock. This transaction was conducted at an average price of $92.47 per share, leading to a total sale value of $277,410.00. Following this sale, Rainey now holds 375,165 shares in Walmart, which are valued at approximately $34,691,507.55. This sale represents a 0.79% decrease in his overall ownership of Walmart shares. The details of the transaction were made public in a filing with the Securities and Exchange Commission (SEC), which can be accessed through the appropriate channels.

Recent Stock Performance

On a recent trading day, Walmart's shares rose by 1.0%, increasing by $0.94 to reach a price of $94.45. During this trading period, the volume was 17,308,457 shares, compared to the stock's average trading volume of 16,888,473 shares. Walmart has a debt-to-equity ratio of 0.56, a current ratio of 0.85, and a quick ratio of 0.23. Over the past year, the stock has experienced a low of $49.85 and a high of $94.51. Furthermore, Walmart has a 50-day simple moving average of $83.85 and a 200-day moving average of $75.44, with a market capitalization currently at $759.21 billion and a Price-to-Earnings (P/E) ratio of 38.45.

Quarterly Earnings Review

Walmart released its quarterly earnings results on November 19th, reporting an earnings per share (EPS) of $0.58, which surpassed analysts’ expectations of $0.53 by $0.05. The quarter’s revenue totaled $169.59 billion, higher than the anticipated $167.69 billion. Walmart achieved a net margin of 2.92% and a return on equity of 21.78%. This quarterly revenue marked a 5.5% increase compared to the same period last year, when the company reported an EPS of $0.51. Analysts predict that Walmart will have an EPS of 2.47 for the current fiscal year.

Hedge Funds Investing in Walmart

Several hedge funds have recently made investment adjustments regarding Walmart. Oddo BHF Asset Management Sas acquired a new stake worth $626,000 during the third quarter. Garde Capital Inc. increased its stake by 8.0%, now holding 2,080 shares valued at $168,000 after buying an additional 154 shares. Denver PWM LLC expanded its holdings by 10.7%, owning 3,043 shares worth $246,000 after acquiring 294 additional shares. Beaird Harris Wealth Management LLC saw a substantial increase of 56.9%, now holding 4,278 shares valued at $345,000 following a purchase of 1,552 shares. American Trust also slightly boosted its position by 2.3%, resulting in ownership of 11,085 shares worth $895,000).

Analyst Price Targets for Walmart

Recently, several brokerage firms have updated their price targets for Walmart. Roth MKM raised its target from $81.00 to $97.00, maintaining a "buy" rating as of November 20th. Barclays increased its target to $90.00, also with an "overweight" rating issued on November 22nd. TD Cowen set a new price target of $100.00, advising a "buy" on November 20th. Citigroup revised its target from $75.00 to $98.00, reiterating a "buy" rating on September 27th. Meanwhile, Stifel Nicolaus adjusted its target to $89.00, recommending a "hold" on November 20th. Currently, two analysts suggest a hold rating, while 29 recommend buying and one rates the stock as a strong buy. According to MarketBeat data, Walmart holds a consensus rating of "Moderate Buy" with an average price target of $92.11.

About Walmart

Walmart Inc. operates in retail, wholesale, and eCommerce sectors globally. It functions through three segments: Walmart U.S., Walmart International, and Sam's Club. Walmart manages supercenters, supermarkets, and other retail formats under various banners, including Walmart and Walmart Neighborhood Markets, as well as eCommerce platforms like walmart.com, among others.

Walmart, Transaction, Shares