Walmart (NASDAQ:WMT) EVP Sells $1,435,203.96 in Stock

Walmart Inc. (NASDAQ:WMT) EVP David Guggina sold 11,978 shares of Walmart stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $119.82, for a total transaction of $1,435,203.96. Following the sale, the executive vice president directly owned 125,067 shares of the company’s stock, valued at $14,985,527.94. This represents a 8.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Walmart Trading Up 0.4%

WMT traded up $0.54 during trading on Friday, reaching $121.04. 14,752,610 shares of the company’s stock were exchanged, compared to its average volume of 26,216,844. The company’s fifty day moving average price is $125.36 and its 200-day moving average price is $121.66. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.77. Walmart Inc. has a fifty-two week low of $93.62 and a fifty-two week high of $135.15. The firm has a market capitalization of $963.25 billion, a PE ratio of 42.47, a P/E/G ratio of 4.50 and a beta of 0.59.

Walmart (NASDAQ:WMT) last released its earnings results on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. The firm had revenue of $177.75 billion during the quarter, compared to analyst estimates of $174.84 billion. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 EPS. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. As a group, equities analysts forecast that Walmart Inc. will post 2.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Rothschild & Co Redburn set a $150.00 price target on shares of Walmart in a research report on Tuesday, February 17th. Erste Group Bank cut shares of Walmart from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. BNP Paribas Exane cut their price objective on shares of Walmart from $147.00 to $146.00 and set an “outperform” rating on the stock in a research report on Friday, May 22nd. BTIG Research reiterated a “buy” rating and set a $145.00 price objective on shares of Walmart in a report on Wednesday, June 3rd. Finally, Morgan Stanley upped their price target on Walmart from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $138.85.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Entrust Financial LLC acquired a new position in shares of Walmart during the 4th quarter worth about $27,000. Merkkuri Wealth Advisors LLC acquired a new position in shares of Walmart during the 1st quarter worth about $29,000. Redmont Wealth Advisors LLC acquired a new position in shares of Walmart during the 3rd quarter worth about $30,000. Beacon Financial Strategies CORP acquired a new position in shares of Walmart during the 4th quarter worth about $30,000. Finally, Bay Harbor Wealth Management LLC increased its stake in shares of Walmart by 57.4% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock worth $32,000 after purchasing an additional 105 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

About Walmart

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.