EUR/USD likely to find a peak near 1.25: UBS
John D. Rainey, Executive Vice President at Walmart Inc. (NYSE:WMT), recently sold shares of the retail giant, according to a filing with the Securities and Exchange Commission. On March 3, Rainey offloaded a total of 38,000 shares, amounting to approximately $3.73 million. The transactions were executed at prices ranging from $97.2845 to $99.0926 per share. The sale comes as Walmart, now valued at $761 billion, has delivered an impressive 66.54% return over the past year. InvestingPro analysis indicates the stock is trading above its Fair Value, with a notably high P/E ratio of 39.65.
These sales were part of a pre-arranged trading plan under Rule 10b5-1, which allows company insiders to sell a predetermined number of shares at a predetermined time. Following these transactions, Rainey holds 219,280.995 shares of Walmart. The company maintains a strong financial position with a "GOOD" health score according to InvestingPro, which offers 12+ additional exclusive insights about Walmart’s performance and outlook in its comprehensive Pro Research Report.
In other recent news, Walmart Inc. has been in the spotlight with several developments impacting investors. The company recently reported fourth-quarter earnings per share (EPS) of 66 cents, slightly above Wall Street’s expectations of 65 cents. Despite this, Walmart provided conservative guidance for the upcoming fiscal year, forecasting an EPS of 57-58 cents for the first quarter and $2.50-2.60 for the full year, which fell short of analysts’ expectations. UBS maintained a Buy rating for Walmart but adjusted its price target slightly lower to $112, citing confidence in the company’s market share gains and business ventures. Meanwhile, TD Cowen increased its price target to $115, highlighting Walmart’s growth potential in areas like grocery and advertising. RBC Capital also revised its price target down to $107 while maintaining an Outperform rating, noting the company’s solid fourth-quarter results but cautious fiscal year guidance. BMO Capital retained an Outperform rating with a price target of $110, emphasizing Walmart’s continued business momentum despite conservative forecasts. These recent developments reflect a mixed yet cautiously optimistic outlook from analysts on Walmart’s future performance.
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