Walmart (NASDAQ:WMT) Shares Unloaded by Rep. Kevin Hern

Key Points

• Rep. Kevin Hern sold $1,001–$15,000 of Walmart shares from his traditional IRA on August 27, alongside multiple sales of other stocks in September.
• Walmart shares were trading near $108.73, while the company’s latest quarterly results beat expectations with $0.81 EPS and $187.94 billion in revenue; revenue increased 5.9% year over year.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $131.88, supported by institutional ownership and optimism around memberships and digital growth.

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Walmart Inc. NASDAQ: WMT. In a filing disclosed on September 25th, the Representative disclosed that they had sold between $1,001 and $15,000 in Walmart stock on August 27th. The trade occurred in the Representative's "KEVIN HERN TRADITIONAL IRA" account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of CenterPoint Energy NYSE: CNP on 9/15/2026.
• Sold $1,001 - $15,000 in shares of TJX Companies NYSE: TJX on 9/15/2026.
• Sold $15,001 - $50,000 in shares of STERIS NYSE: STE on 9/15/2026.
• Sold $1,001 - $15,000 in shares of Seagate Technology NASDAQ: STX on 9/15/2026.
• Sold $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 9/14/2026.
• Sold $1,001 - $15,000 in shares of Marsh & McLennan Companies NYSE: MRSH on 9/14/2026.
• Sold $15,001 - $50,000 in shares of IQVIA NYSE: IQV on 9/14/2026.
• Sold $15,001 - $50,000 in shares of Home Depot NYSE: HD on 9/14/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 9/14/2026.
• Sold $15,001 - $50,000 in shares of Emerson Electric NYSE: EMR on 9/14/2026.

Walmart Trading Up 0.7%

NASDAQ WMT opened at $108.73 on Tuesday. Walmart Inc. has a 52 week low of $98.88 and a 52 week high of $135.15. The firm has a 50 day moving average of $109.17 and a two-hundred day moving average of $117.47. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $862.64 billion, a PE ratio of 39.25, a price-to-earnings-growth ratio of 4.12 and a beta of 0.59.

Walmart (NASDAQ:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, August 20th. The retailer reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.07. The business had revenue of $187.94 billion for the quarter, compared to analyst estimates of $186.64 billion. Walmart had a net margin of 3.00% and a return on equity of 21.83%. The company's revenue was up 5.9% on a year-over-year basis. During the same period last year, the business earned $0.68 EPS. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. As a group, research analysts expect that Walmart Inc. will post 2.87 EPS for the current fiscal year.

More Walmart News

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Membership revenue is emerging as a potential profit engine. Record fee revenue from Walmart+, Sam’s Club and international memberships is deepening customer engagement and could improve e-commerce economics through recurring, higher-margin income. Walmart's Membership Gains Scale: Is It the Next Major Profit Engine?
• Positive Sentiment: Digital transformation is supporting the long-term earnings outlook. Analysts point to Walmart’s AI-enabled platform overhaul, expanding digital scale and potential for higher-margin growth as reasons for continued optimism. Is Walmart’s Digital Transformation Paying Off?
• Positive Sentiment: Walmart is expanding its store and transaction ecosystem. Continued rollout of the Neighborhood Market format and Google’s test of direct purchases from Walmart-owned Flipkart through Gemini and AI Mode could broaden customer reach and create additional digital-commerce channels. Walmart continues to expand its Neighborhood Market concept
• Neutral Sentiment: Leadership continuity may limit near-term uncertainty. John Furner’s appointment as CEO represents a new leadership chapter, while expanded debt-free employee training supports talent development and operational execution. The articles did not identify a major change to Walmart’s financial outlook. Walmart Names John Furner As CEO
• Neutral Sentiment: Walmart’s pricing pledge could reinforce customer trust. CEO John Furner’s statement that Walmart prices products rather than individuals addresses concerns about personalized pricing, though it is primarily a reputational and policy development rather than a direct earnings catalyst. Walmart’s CEO Ruled Out Personalized Pricing
• Negative Sentiment: Consumer and competitive risks remain. Lower U.S. consumer confidence could pressure discretionary spending, while Walmart’s push into beauty, health and wellness places it in more direct competition with specialized retailers such as Ulta Beauty. Is the Beauty Aisle Becoming Retail’s Next Big Battleground?

Hedge Funds Weigh In On Walmart

Institutional investors have recently modified their holdings of the business. State Street Corp increased its position in Walmart by 1.1% in 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. Geode Capital Management LLC increased its holdings in shares of Walmart by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 103,010,709 shares of the retailer's stock valued at $11,426,753,000 after purchasing an additional 6,517,394 shares during the period. Bank of America Corp DE purchased a new stake in shares of Walmart during the second quarter worth approximately $7,455,131,000. Norges Bank acquired a new stake in shares of Walmart during the fourth quarter worth $6,458,529,000. Finally, Franklin Resources Inc. increased its stake in Walmart by 2.6% in the 4th quarter. Franklin Resources Inc. now owns 36,820,550 shares of the retailer's stock valued at $4,102,546,000 after buying an additional 920,969 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on WMT shares. Mizuho set a $130.00 target price on Walmart in a research report on Monday, July 27th. TD Cowen reiterated a "buy" rating on shares of Walmart in a research note on Friday, August 21st. BTIG Research reissued a "buy" rating and set a $140.00 price objective on shares of Walmart in a report on Thursday, September 10th. Cantor Fitzgerald upgraded shares of Walmart to a "buy" rating in a research report on Friday, August 21st. Finally, Citigroup lowered their target price on shares of Walmart from $147.00 to $132.00 and set a "buy" rating for the company in a report on Friday, August 21st. Three analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $131.88.

Insider Activity

In other news, EVP Daniel Danker sold 50,644 shares of Walmart stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $105.35, for a total value of $5,335,345.40. Following the sale, the executive vice president owned 201,672 shares of the company's stock, valued at $21,246,145.20. The trade was a 20.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Christopher Nicholas sold 2,900 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $106.65, for a total transaction of $309,285.00. Following the transaction, the executive vice president directly owned 566,253 shares of the company's stock, valued at $60,390,882.45. This represents a 0.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 81,004 shares of company stock worth $8,601,724 over the last quarter. Insiders own 0.09% of the company's stock.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2026 election. Kevin Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

About Walmart

Walmart Inc NASDAQ: WMT is a multinational retailer that operates supercenters, discount stores, neighborhood markets, warehouse clubs and e-commerce platforms. Its merchandise includes groceries, apparel, electronics, home goods, health and wellness products, household essentials and general merchandise. Walmart also provides services such as grocery pickup and delivery, pharmacy services, financial products and digital advertising.

The company serves customers through its Walmart U.S., Walmart International and Sam's Club segments.

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