Walmart (NASDAQ:WMT) CEO John Furner Sells 13,125 Shares

Walmart Inc. (NASDAQ:WMTGet Free Report) CEO John Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $124.84, for a total transaction of $1,638,525.00. Following the sale, the chief executive officer directly owned 674,162 shares of the company’s stock, valued at approximately $84,162,384.08. This trade represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Walmart Trading Up 2.1%

Shares of WMT opened at $127.50 on Friday. The company has a 50 day simple moving average of $125.64 and a two-hundred day simple moving average of $115.87. Walmart Inc. has a 1 year low of $91.34 and a 1 year high of $134.69. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.79 and a quick ratio of 0.24. The firm has a market cap of $1.02 trillion, a P/E ratio of 46.53, a price-to-earnings-growth ratio of 4.65 and a beta of 0.66.

Walmart (NASDAQ:WMTGet Free Report) last posted its earnings results on Thursday, February 19th. The retailer reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Walmart had a net margin of 3.07% and a return on equity of 21.44%. The firm had revenue of $190.66 billion during the quarter, compared to analyst estimates of $188.37 billion. During the same period last year, the firm posted $0.66 earnings per share. Walmart’s revenue for the quarter was up 5.6% compared to the same quarter last year. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q1 2027 guidance at 0.610-0.610 EPS. On average, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Friday, December 11th will be issued a $0.2475 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 0.8%. Walmart’s dividend payout ratio (DPR) is 36.13%.

Institutional Trading of Walmart

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new position in Walmart in the fourth quarter valued at about $6,458,529,000. AQR Capital Management LLC grew its stake in shares of Walmart by 188.1% during the third quarter. AQR Capital Management LLC now owns 11,663,172 shares of the retailer’s stock worth $1,199,907,000 after acquiring an additional 7,614,172 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Walmart by 6.8% during the fourth quarter. Geode Capital Management LLC now owns 103,010,709 shares of the retailer’s stock worth $11,426,753,000 after acquiring an additional 6,517,394 shares during the last quarter. Capital International Investors purchased a new stake in shares of Walmart during the fourth quarter worth about $592,848,000. Finally, Vanguard Group Inc. grew its stake in shares of Walmart by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 439,957,146 shares of the retailer’s stock worth $49,015,626,000 after acquiring an additional 4,304,436 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Argus raised shares of Walmart to a “strong-buy” rating in a report on Wednesday, February 18th. Erste Group Bank raised shares of Walmart from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Bank of America assumed coverage on Walmart in a research report on Friday, February 27th. They issued a “buy” rating and a $150.00 price target for the company. Craig Hallum set a $150.00 price target on Walmart in a research report on Friday, March 6th. Finally, Telsey Advisory Group raised their price target on Walmart from $135.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Walmart presently has an average rating of “Buy” and an average price target of $137.64.

Read Our Latest Report on WMT

Key Headlines Impacting Walmart

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Walmart Company Profile

(Get Free Report)

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.

Further Reading

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

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