Key Points
- Walmart CTO Suresh Kumar sold 166,342 shares for about $20.5 million under a pre-arranged Rule 10b5-1 plan, reducing his direct holdings by 9.25% to 1,632,223 shares.
- Walmart’s latest reported quarter beat estimates, with earnings of $0.81 per share versus $0.74 expected and revenue of $187.94 billion, up 5.9% year over year.
- Analysts remain broadly positive: Walmart has a consensus Buy rating and an average price target of $132.41.
Walmart Inc. (NASDAQ:WMT - Get Free Report) EVP Daniel Bartlett sold 3,346 shares of Walmart stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $124.51, for a total value of $416,610.46. Following the completion of the transaction, the executive vice president owned 615,013 shares in the company, valued at approximately $76,575,268.63. The trade was a 0.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Walmart Price Performance
Walmart stock opened at $124.86 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.23 and a current ratio of 0.77. Walmart Inc. has a 52 week low of $98.88 and a 52 week high of $135.15. The stock has a market capitalization of $990.61 billion, a P/E ratio of 45.08, a price-to-earnings-growth ratio of 4.61 and a beta of 0.53. The stock has a fifty day moving average of $111.08 and a 200-day moving average of $118.46.
Walmart (NASDAQ:WMT - Get Free Report) last released its earnings results on Thursday, August 20th. The retailer reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.07. The firm had revenue of $187.94 billion for the quarter, compared to analysts' expectations of $186.64 billion. Walmart had a return on equity of 21.83% and a net margin of 3.00%. The business's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 earnings per share. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. On average, sell-side analysts expect that Walmart Inc. will post 2.88 earnings per share for the current fiscal year.
More Walmart News
Here are the key news stories impacting Walmart this week:
Institutional Trading of Walmart
A number of hedge funds have recently made changes to their positions in the company. State Street Corp boosted its holdings in Walmart by 1.1% during the 2nd quarter. State Street Corp now owns 188,036,646 shares of the retailer's stock valued at $21,297,031,000 after acquiring an additional 2,107,781 shares during the period. Bank of America Corp DE bought a new position in Walmart during the 2nd quarter worth approximately $7,455,131,000. Bank of New York Mellon Corp increased its stake in Walmart by 6.4% in the 1st quarter. Bank of New York Mellon Corp now owns 28,142,040 shares of the retailer's stock worth $3,497,493,000 after purchasing an additional 1,681,353 shares during the period. Legal & General Group Plc purchased a new position in Walmart in the 2nd quarter worth approximately $2,905,655,000. Finally, Amundi increased its stake in Walmart by 44.4% in the 2nd quarter. Amundi now owns 20,796,957 shares of the retailer's stock worth $2,355,463,000 after purchasing an additional 6,393,326 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
WMT has been the topic of several research reports. Citigroup decreased their price target on shares of Walmart from $147.00 to $132.00 and set a "buy" rating on the stock in a report on Friday, August 21st. Freedom Broker raised shares of Walmart from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 20th. DA Davidson restated a "buy" rating and issued a $132.00 target price on shares of Walmart in a research report on Thursday, September 10th. Mizuho cut their target price on shares of Walmart from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 29th. Finally, Evercore reaffirmed an "outperform" rating on shares of Walmart in a research note on Tuesday, October 20th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $132.41.
Read Our Latest Stock Analysis on WMT
Walmart Company Profile
(
Get Free Report)
Walmart Inc (NASDAQ:WMT) operates a global retail business through a network of supercenters, supermarkets, discount stores, neighborhood markets, warehouse clubs and e-commerce platforms. Its stores and websites sell a broad assortment of merchandise, including groceries, consumables, health and wellness products, apparel, electronics, home goods, toys and other general merchandise.
The company organizes its operations into Walmart U.S., Walmart International and Sam's Club U.S. Walmart U.S.
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