Walmart (NASDAQ:WMT) EVP Sells $309,285.00 in Stock

Key Points

• Walmart EVP Christopher Nicholas sold 2,900 shares at an average price of $106.65, generating $309,285. The transaction was made under a pre-arranged Rule 10b5-1 plan, leaving him with 566,253 shares.
• Walmart reported quarterly EPS of $0.81, above the $0.74 consensus estimate, while revenue rose 5.9% year over year to $187.94 billion.
• Analysts maintain a generally positive outlook, with Walmart rated “Moderate Buy” and an average price target of $131.88, despite several firms recently lowering their targets.

Walmart Inc. (NASDAQ:WMT - Get Free Report) EVP Christopher Nicholas sold 2,900 shares of the business's stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $106.65, for a total value of $309,285.00. Following the sale, the executive vice president owned 566,253 shares of the company's stock, valued at approximately $60,390,882.45. This trade represents a 0.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Christopher James Nicholas also recently made the following trade(s):

• On Thursday, August 20th, Christopher Nicholas sold 2,900 shares of Walmart stock. The shares were sold at an average price of $106.34, for a total value of $308,386.00.

Walmart Price Performance

Shares of NASDAQ WMT traded down $0.06 during midday trading on Friday, hitting $106.73. The stock had a trading volume of 43,761,647 shares, compared to its average volume of 25,479,258. 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 50 day simple moving average of $109.92 and a 200-day simple moving average of $118.31. The company has a market capitalization of $846.77 billion, a PE ratio of 38.53, a P/E/G ratio of 4.10 and a beta of 0.59. Walmart Inc. has a 1 year low of $98.88 and a 1 year high of $135.15.

Walmart (NASDAQ:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, August 20th. The retailer reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. The firm had revenue of $187.94 billion during the quarter, compared to the consensus estimate of $186.64 billion. Walmart had a return on equity of 21.83% and a net margin of 3.00%.The firm's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company 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. On average, sell-side analysts expect that Walmart Inc. will post 2.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Walmart

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Altus USA Inc. grew its holdings in shares of Walmart by 6.1% during the 2nd quarter. Wellington Altus USA Inc. now owns 3,573 shares of the retailer's stock worth $444,000 after purchasing an additional 207 shares during the period. Bullseye Investment Management LLC purchased a new position in Walmart during the second quarter worth about $412,000. Junto Capital Management LP increased its position in shares of Walmart by 162.0% during the second quarter. Junto Capital Management LP now owns 1,486,891 shares of the retailer's stock valued at $168,405,000 after acquiring an additional 919,346 shares during the last quarter. Miramontes Capital LLC lifted its holdings in shares of Walmart by 0.6% in the 2nd quarter. Miramontes Capital LLC now owns 17,811 shares of the retailer's stock worth $2,017,000 after acquiring an additional 104 shares during the last quarter. Finally, Core Capital Management & Research inc. purchased a new position in shares of Walmart during the 2nd quarter worth approximately $579,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WMT. Robert W. Baird lowered their price target on shares of Walmart from $140.00 to $120.00 and set an "outperform" rating on the stock in a research report on Friday, August 21st. Roth Capital reiterated a "buy" rating on shares of Walmart in a report on Friday, August 21st. TD Cowen reissued a "buy" rating on shares of Walmart in a research note on Friday, August 21st. Wells Fargo & Company dropped their price target on Walmart from $140.00 to $120.00 and set an "overweight" rating for the company in a research report on Friday, August 21st. Finally, Piper Sandler reiterated an "overweight" rating and set a $128.00 price objective (down from $137.00) on shares of Walmart in a research 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 company. According to data from MarketBeat, Walmart presently has an average rating of "Moderate Buy" and an average target price of $131.88.

Walmart Company Profile

Walmart Inc is a multinational retail and technology company that operates supercenters, discount stores, neighborhood markets, e-commerce platforms and membership warehouse clubs. Its merchandise includes groceries, apparel, electronics, home goods, health and beauty products, general merchandise and other consumer products.

Founded by Sam Walton in 1962 and incorporated in 1969, Walmart is headquartered in Bentonville, Arkansas. The company serves customers through operations in the United States and international markets, including Mexico, Canada, China, India and several countries in Central America and Africa.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.