Walmart (NASDAQ:WMT) EVP Sells $1,435,203.96 in Stock

Walmart Inc. (NASDAQ:WMT) EVP David Guggina sold 11,978 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $119.82, for a total value of $1,435,203.96. Following the completion of the sale, the executive vice president owned 125,067 shares of the company’s stock, valued at approximately $14,985,527.94. This represents a 8.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Walmart Price Performance

Shares of NASDAQ WMT opened at $121.04 on Monday. Walmart Inc. has a fifty-two week low of $93.62 and a fifty-two week high of $135.15. The stock has a market cap of $963.25 billion, a price-to-earnings ratio of 42.47, a PEG ratio of 4.52 and a beta of 0.60. 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 simple moving average is $125.28 and its 200 day simple moving average is $121.78.

Walmart (NASDAQ:WMT) last announced 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 business had revenue of $177.75 billion for the quarter, compared to analysts’ expectations of $174.84 billion. During the same quarter last year, the firm earned $0.61 EPS. The firm’s revenue for the quarter 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. As a group, research analysts anticipate that Walmart Inc. will post 2.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Walmart

Several large investors have recently modified their holdings of the stock. S&A Financial Services Inc. purchased a new stake in shares of Walmart during the 1st quarter worth approximately $683,000. E Wealth Partners LLC increased its stake in shares of Walmart by 5.3% during the 1st quarter. E Wealth Partners LLC now owns 3,321 shares of the retailer’s stock worth $413,000 after purchasing an additional 166 shares during the last quarter. Curry Webb Wealth Management LLC purchased a new stake in shares of Walmart during the 1st quarter worth approximately $346,000. FAS Wealth Partners Inc. increased its stake in shares of Walmart by 1.3% during the 1st quarter. FAS Wealth Partners Inc. now owns 95,876 shares of the retailer’s stock worth $11,915,000 after purchasing an additional 1,239 shares during the last quarter. Finally, Evansbrook LLC increased its stake in shares of Walmart by 2.2% during the 1st quarter. Evansbrook LLC now owns 14,410 shares of the retailer’s stock worth $1,791,000 after purchasing an additional 314 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of several recent research reports. Guggenheim raised their price target on shares of Walmart from $120.00 to $137.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Bank of America started coverage on shares of Walmart in a research report on Friday, February 27th. They set a “buy” rating and a $150.00 target price on the stock. KeyCorp reissued an “overweight” rating on shares of Walmart in a research report on Friday, May 22nd. Jefferies Financial Group set a $145.00 target price on shares of Walmart in a research report on Friday, February 20th. Finally, Deutsche Bank Aktiengesellschaft set a $120.00 target price on shares of Walmart in a research 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, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $138.85.

Walmart Company Profile

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.