David Chojnowski Sells 8,791 Shares of Walmart Inc. (NYSE:WMT) Stock

Walmart Inc. (NYSE:WMT) SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 94,415 shares in the company, valued at approximately $6,420,220. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Walmart Stock Performance

Shares of Walmart stock opened at $67.74 on Friday. The stock has a market cap of $544.87 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 3.92 and a beta of 0.52. The business has a fifty day simple moving average of $64.07 and a 200-day simple moving average of $59.29. 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 Inc. has a 12 month low of $49.85 and a 12 month high of $69.04.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. The business 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 quarter last year, the firm posted $0.49 earnings per share. On average, sell-side analysts anticipate that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WMT. BMO Capital Markets raised their target price on Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Royal Bank of Canada raised their target price on Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Robert W. Baird raised their target price on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Barclays raised their target price on Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Finally, Truist Financial raised their target price on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus target price of $69.97.

Institutional Trading of Walmart

Several hedge funds and other institutional investors have recently modified their holdings of the business. Flynn Zito Capital Management LLC boosted its position in shares of Walmart by 3.9% in the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after buying an additional 61 shares during the period. ICW Investment Advisors LLC boosted its position in Walmart by 0.4% during the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after purchasing an additional 62 shares during the last quarter. Bill Few Associates Inc. boosted its position in Walmart by 1.1% during the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after purchasing an additional 64 shares during the last quarter. Gateway Advisory LLC boosted its position in Walmart by 4.1% during 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 last quarter. Finally, Rossmore Private Capital boosted its position in Walmart by 0.3% during the fourth quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock valued at $3,232,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

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.