Insider Selling: Walmart Inc. (NYSE:WMT) SVP Sells 8,791 Shares of Stock

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

Walmart Price Performance

Shares of NYSE:WMT opened at $67.71 on Monday. Walmart Inc. has a one year low of $49.85 and a one year high of $69.04. 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 cap of $544.63 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.91 and a beta of 0.52. The firm has a 50 day simple moving average of $64.07 and a 200 day simple moving average of $59.41.

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

Analysts Set New Price Targets

Several analysts recently commented on WMT shares. Stifel Nicolaus lifted their target price on shares of Walmart from $65.00 to $69.00 and gave the stock a “hold” rating in a report on Friday, May 17th. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 20th. Jefferies Financial Group lifted their price target on Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, June 10th. JPMorgan Chase & Co. raised Walmart from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $66.00 to $81.00 in a report on Monday, June 10th. Finally, Truist Financial lifted their target price on Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.97.

Institutional Trading of Walmart

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Flynn Zito Capital Management LLC grew its holdings in Walmart by 3.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after acquiring an additional 61 shares during the last quarter. ICW Investment Advisors LLC grew its stake in shares of Walmart by 0.4% in the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after purchasing an additional 62 shares during the last quarter. Bill Few Associates Inc. grew its stake in shares of Walmart by 1.1% in the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock worth $915,000 after purchasing an additional 64 shares during the last quarter. Gateway Advisory LLC increased its holdings in Walmart by 4.1% in the third quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock valued at $263,000 after purchasing an additional 65 shares during the period. Finally, Rossmore Private Capital raised its position in Walmart by 0.3% during the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after purchasing an additional 65 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

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.