Key Points
- Walmart EVP David Guggina sold 11,978 shares on June 10 at an average price of $119.82, totaling about $1.44 million. The sale reduced his direct ownership by 8.74% and was made under a pre-arranged Rule 10b5-1 trading plan.
- Walmart shares were up 0.4% in early trading, opening at $121.04. The stock has traded between $93.62 and $135.15 over the past year and carries a market cap of about $963.25 billion.
- The company recently reported earnings and revenue that topped expectations, with EPS of $0.66 and revenue of $177.75 billion, up 7.4% year over year. Analysts remain broadly positive, with a consensus rating of Moderate Buy and an average price target of $138.85.
Walmart Inc. (NASDAQ:WMT - Get Free Report) EVP David Guggina sold 11,978 shares of Walmart stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $119.82, for a total transaction of $1,435,203.96. Following the completion of the sale, the executive vice president directly owned 125,067 shares of the company's stock, valued at approximately $14,985,527.94. This trade represents a 8.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Walmart Trading Up 0.4%
WMT opened at $121.04 on Friday. Walmart Inc. has a 1-year low of $93.62 and a 1-year high of $135.15. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company has a market cap of $963.25 billion, a P/E ratio of 42.47, a price-to-earnings-growth ratio of 4.50 and a beta of 0.59. The company has a fifty day moving average price of $125.28 and a two-hundred day moving average price of $121.66.
Walmart (NASDAQ:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The firm had revenue of $177.75 billion during the quarter, compared to the consensus estimate of $174.84 billion. During the same period in the previous year, the firm posted $0.61 earnings per share. The business's revenue was up 7.4% compared to the same quarter last year. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. Analysts predict that Walmart Inc. will post 2.89 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on WMT. Piper Sandler reiterated an "overweight" rating on shares of Walmart in a report on Monday. Weiss Ratings reiterated a "buy (b)" rating on shares of Walmart in a report on Monday, April 20th. Roth Mkm reiterated a "buy" rating and set a $138.00 price objective on shares of Walmart in a report on Friday, February 20th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a report on Monday. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $138.00 price objective on shares of Walmart in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Walmart has a consensus rating of "Moderate Buy" and an average price target of $138.85.
Read Our Latest Stock Report on WMT
Institutional Trading of Walmart
A number of institutional investors have recently modified their holdings of the business. Fox Run Management L.L.C. bought a new position in shares of Walmart in the 3rd quarter worth $1,709,000. Vise Technologies Inc. increased its holdings in shares of Walmart by 42.1% in the 4th quarter. Vise Technologies Inc. now owns 275,341 shares of the retailer's stock worth $30,676,000 after buying an additional 81,635 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Walmart by 2.9% in the 3rd quarter. Van ECK Associates Corp now owns 1,010,886 shares of the retailer's stock worth $104,182,000 after buying an additional 28,026 shares during the last quarter. Life Cycle Investment Partners Ltd bought a new position in shares of Walmart in the 4th quarter worth $40,855,000. Finally, Tennessee Valley Asset Management Partners increased its holdings in shares of Walmart by 466.6% in the 3rd quarter. Tennessee Valley Asset Management Partners now owns 13,343 shares of the retailer's stock worth $1,375,000 after buying an additional 10,988 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.
About Walmart
(
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.
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