Walmart Inc. (NYSE:WMT) SVP Sells $597,788.00 in Stock

Walmart Inc. (NYSE:WMT) SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares in the company, valued at approximately $6,420,220. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Walmart Price Performance

Shares of WMT opened at $67.71 on Monday. The business’s 50-day moving average is $64.07 and its 200-day moving average is $59.41. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The company has a market capitalization of $544.63 billion, a price-to-earnings ratio of 28.98, a P/E/G ratio of 3.91 and a beta of 0.52. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $69.04.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. The firm had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. Equities research analysts expect that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

WMT has been the topic of several recent analyst reports. Truist Financial lifted their target price on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research note on Friday, May 17th. UBS Group upped their price objective on shares of Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Oppenheimer increased their target price on shares of Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. JPMorgan Chase & Co. raised shares of Walmart from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $66.00 to $81.00 in a research note on Monday, June 10th. Finally, Roth Mkm raised their price objective on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $69.97.

Institutional Trading of Walmart

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after buying an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after acquiring an additional 36,625,314 shares during the last quarter. Norges Bank bought a new stake in Walmart in the fourth quarter worth approximately $3,674,652,000. Bank of New York Mellon Corp raised its holdings in shares of Walmart by 183.0% during the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after purchasing an additional 18,865,484 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in shares of Walmart by 212.6% in the 1st quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock valued at $844,514,000 after purchasing an additional 9,544,958 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

About Walmart

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.