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 the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the transaction, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Walmart Price Performance

Shares of WMT stock opened at $67.71 on Friday. The firm has a market cap of $544.63 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 3.92 and a beta of 0.52. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $69.04. The stock has a 50-day moving average price of $64.07 and a 200 day moving average price of $59.35. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

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

Hedge Funds Weigh In On Walmart

Several institutional investors have recently modified their holdings of WMT. EntryPoint Capital LLC acquired a new position in shares of Walmart during the 1st quarter worth about $25,000. Northwest Capital Management Inc lifted its holdings in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares in the last quarter. Partnership Wealth Management LLC bought a new position in shares of Walmart during the 4th quarter valued at about $30,000. Able Wealth Management LLC bought a new position in shares of Walmart during the 4th quarter valued at about $30,000. Finally, Vermillion & White Wealth Management Group LLC bought a new position in shares of Walmart during the 4th quarter valued at about $32,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on WMT shares. Jefferies Financial Group raised their target price on Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, June 10th. Roth Mkm lifted their price objective on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a report on Friday, May 17th. Royal Bank of Canada lifted their price objective on Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a report on Monday, May 20th. Finally, Citigroup lifted their price objective on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.97.

Walmart Company Profile

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.