Rep. Richard McCormick Unloads Walmart Inc. (NASDAQ:WMT) Stock

Key Points

• Rep. Richard McCormick sold $1,001–$15,000 of Walmart stock on July 30 from his Growth Partners Roth IRA, alongside similarly sized sales in 10 other companies, including Medtronic, PepsiCo, Home Depot and Johnson & Johnson.
• Walmart shares opened at $114.33, below their 200-day moving average of $121.53, while the company reported 7.4% year-over-year quarterly revenue growth and reaffirmed fiscal 2027 adjusted EPS guidance of $2.75–$2.85.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and $138.50 average price target, though some analysts caution that Walmart’s high valuation, fuel-price pressure and potentially slower comparable-sales growth create downside risks.

Representative Richard McCormick (Republican-Georgia) recently sold shares of Walmart Inc. NASDAQ: WMT. In a filing disclosed on August 14th, the Representative disclosed that they had sold between $1,001 and $15,000 in Walmart stock on July 30th. The trade occurred in the Representative's "GROWTH PARTNERS ROTH IRA" account.

Representative Richard McCormick also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 7/30/2026.
• Sold $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 7/30/2026.
• Sold $1,001 - $15,000 in shares of PepsiCo NASDAQ: PEP on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 7/30/2026.
• Sold $1,001 - $15,000 in shares of McDonald's NYSE: MCD on 7/30/2026.
• Sold $1,001 - $15,000 in shares of L3Harris Technologies NYSE: LHX on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Johnson & Johnson NYSE: JNJ on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Intercontinental Exchange NYSE: ICE on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Illinois Tool Works NYSE: ITW on 7/30/2026.
• Sold $1,001 - $15,000 in shares of Home Depot NYSE: HD on 7/30/2026.

Walmart Price Performance

Shares of NASDAQ WMT opened at $114.33 on Tuesday. The stock has a market cap of $909.85 billion, a PE ratio of 40.12, a price-to-earnings-growth ratio of 4.30 and a beta of 0.61. Walmart Inc. has a fifty-two week low of $95.42 and a fifty-two week high of $135.15. 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 stock has a fifty day moving average of $114.23 and a 200-day moving average of $121.53.

Walmart (NASDAQ:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.66. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The business had revenue of $177.75 billion for the quarter, compared to analysts' expectations of $174.84 billion. During the same quarter in the prior year, the firm posted $0.61 EPS. The firm's quarterly revenue was up 7.4% on a year-over-year basis. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. Equities research analysts anticipate that Walmart Inc. will post 2.88 earnings per share for the current year.

Insider Activity at Walmart

In other news, Director C Douglas Mcmillon sold 19,416 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $118.63, for a total transaction of $2,303,320.08. Following the completion of the sale, the director directly owned 4,174,579 shares in the company, valued at approximately $495,230,306.77. This represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher James Nicholas sold 2,900 shares of the company's stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $118.19, for a total value of $342,751.00. Following the transaction, the executive vice president directly owned 574,953 shares of the company's stock, valued at $67,953,695.07. The trade was a 0.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 70,189 shares of company stock valued at $8,377,320 in the last quarter. 0.09% of the stock is currently owned by company insiders.

Key Headlines Impacting Walmart

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: DA Davidson reaffirmed its Buy rating and set a $150 price target, implying substantial upside from recent trading levels. The bullish view supports the stock by pointing to Walmart’s defensive business model and continued customer traffic. Benzinga analyst rating report
• Positive Sentiment: Analysts say Walmart has not yet seen a major change in shopping behavior despite gasoline prices rising above $4 per gallon. The retailer is also gaining share among higher-income customers, which could help offset pressure on lower-income households. TheStreet gas price and Walmart shoppers article
• Neutral Sentiment: Walmart leads a closely watched retail earnings week. Its results, along with reports from Target, Home Depot and Lowe’s, are expected to provide fresh evidence about consumer health, promotional activity and the effects of inflation and fuel costs. Yahoo Finance consumer landscape preview
• Negative Sentiment: Investor expectations appear cautious ahead of earnings. Oppenheimer downgraded Walmart to Perform and reportedly expects U.S. comparable sales growth of about 3%, below the roughly 3.8% consensus, with slower General Merchandise and Health & Wellness growth. Seeking Alpha Walmart earnings preview
• Negative Sentiment: Higher fuel prices could eventually squeeze discretionary spending among Walmart’s lower-income customers. Analysts also cite cautious guidance, elevated costs and a demanding valuation as reasons the stock may remain vulnerable if quarterly results or the outlook disappoint. Walmart’s previously reaffirmed fiscal 2027 guidance calls for 3.5%–4.5% net sales growth and adjusted EPS of $2.75–$2.85, rather than an upgrade. Seeking Alpha Walmart earnings setup

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Mizuho set a $130.00 price target on Walmart in a research report on Monday, July 27th. Freedom Capital upgraded shares of Walmart from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 21st. Truist Financial set a $140.00 price objective on shares of Walmart in a research note on Thursday, May 21st. Morgan Stanley upped their target price on shares of Walmart from $135.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, April 22nd. Finally, Erste Group Bank cut shares of Walmart from a "buy" rating to a "hold" rating in a research note on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Walmart has a consensus rating of "Moderate Buy" and an average price target of $138.50.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Walmart by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 439,957,146 shares of the retailer's stock worth $49,015,626,000 after acquiring an additional 4,304,436 shares during the last quarter. State Street Corp grew its holdings in Walmart by 1.2% in the 3rd quarter. State Street Corp now owns 184,805,978 shares of the retailer's stock worth $19,046,104,000 after acquiring an additional 2,242,364 shares during the last quarter. Geode Capital Management LLC increased its position 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 acquiring an additional 6,517,394 shares during the period. Bank of America Corp DE purchased a new position in shares of Walmart in the second quarter valued at about $7,455,131,000. Finally, Norges Bank bought a new position in shares of Walmart during the fourth quarter valued at about $6,458,529,000. Institutional investors own 26.76% of the company's stock.

About Representative McCormick

Rich McCormick (Republican Party) is a member of the U.S. House, representing Georgia's 7th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. McCormick (Republican Party) is running for re-election to the U.S. House to represent Georgia's 7th Congressional District. He declared candidacy for the 2026 election. Rich McCormick lives in Suwanee, Georgia. McCormick served in the U.S. Marine Corps and the U.S. Navy. He earned an M.B.A. from National University and an M.D. from Morehouse School of Medicine. McCormick's career experience includes working as an emergency medicine physician with Gwinnett Medical Center and Northside Hospital, a Marine officer instructor with Georgia Tech and Morehouse College, and a pilot.

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.

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