Key Points
- Walmart EVP Latriece Watkins sold 11,000 shares on May 28 at an average price of $118.97, totaling about $1.31 million. After the sale, she still owned 120,203 shares, and the trade reduced her position by 8.38%.
- Walmart shares were down 2.6% and opened at $115.75, below both its 50-day moving average of $126.11 and 200-day moving average of $120.61. The stock still has a large market cap of about $922.64 billion.
- Recent earnings were solid and analysts remain upbeat: Walmart matched EPS expectations at $0.66 and beat revenue estimates with $177.75 billion in quarterly sales, up 7.4% year over year. Wall Street’s consensus rating is Moderate Buy, with an average price target of $138.85.
Walmart Inc. (NASDAQ:WMT - Get Free Report) EVP Latriece Watkins sold 11,000 shares of Walmart stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the sale, the executive vice president directly owned 120,203 shares in the company, valued at approximately $14,300,550.91. The trade was a 8.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Walmart Stock Down 2.6%
WMT stock opened at $115.75 on Friday. The firm has a market cap of $922.64 billion, a PE ratio of 40.61, a PEG ratio of 4.44 and a beta of 0.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.77. The firm's 50 day moving average price is $126.11 and its 200-day moving average price is $120.61. Walmart Inc. has a one year low of $93.43 and a one year high of $135.15.
Walmart (NASDAQ:WMT - Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. The firm had revenue of $177.75 billion for 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 revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, equities research analysts anticipate that Walmart Inc. will post 2.89 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on WMT shares. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $137.00 price target (down from $140.00) on shares of Walmart in a research report on Friday, May 22nd. KeyCorp restated an "overweight" rating on shares of Walmart in a report on Friday, May 22nd. TD Cowen reiterated a "buy" rating and issued a $150.00 target price (up from $145.00) on shares of Walmart in a report on Thursday, May 7th. Wolfe Research reissued an "outperform" rating and issued a $137.00 target price (up from $135.00) on shares of Walmart in a research report on Monday, May 11th. Finally, Jefferies Financial Group set a $145.00 target price on Walmart in a research report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $138.85.
Read Our Latest Report on Walmart
Institutional Trading of Walmart
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Collier Financial acquired a new stake in Walmart during the 3rd quarter worth approximately $25,000. Entrust Financial LLC acquired a new stake in Walmart during the 4th quarter worth approximately $27,000. Your Advocates Ltd. LLP acquired a new stake in Walmart during the 3rd quarter worth approximately $28,000. Merkkuri Wealth Advisors LLC acquired a new stake in Walmart during the 1st quarter worth approximately $29,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in Walmart during the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 26.76% of the company's stock.
More Walmart News
Here are the key news stories impacting Walmart this week:
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
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