Suresh Kumar Sells 30,000 Shares of Walmart (NYSE:WMT) Stock

Key Points

• Suresh Kumar, Walmart's CTO, sold 30,000 shares of the company at an average price of $103.47, amounting to a transaction total of $3,104,100, reducing his position by 1.65%.
• Walmart reported $0.68 earnings per share for the last quarter, missing the consensus estimate of $0.74, while revenues reached $169.34 billion, down from analyst expectations of $174.02 billion.
• Multiple analysts have rated Walmart as a strong buy, with a consensus target price of $110.76, reflecting positive sentiment about the company's future performance.

Walmart Inc. (NYSE:WMT - Get Free Report) CTO Suresh Kumar sold 30,000 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $103.47, for a total transaction of $3,104,100.00. Following the completion of the sale, the chief technology officer owned 1,787,200 shares in the company, valued at $184,921,584. The trade was a 1.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Walmart Stock Performance

NYSE WMT traded down $0.29 on Tuesday, reaching $103.40. 14,474,985 shares of the company's stock traded hands, compared to its average volume of 18,859,426. Walmart Inc. has a fifty-two week low of $77.49 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. The firm has a market cap of $824.39 billion, a price-to-earnings ratio of 38.87, a P/E/G ratio of 4.97 and a beta of 0.65. The stock has a 50 day moving average price of $98.80 and a 200-day moving average price of $95.43.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.74 by ($0.06). Walmart had a return on equity of 21.45% and a net margin of 3.08%.The company had revenue of $169.34 billion for the quarter, compared to analyst estimates of $174.02 billion. During the same period in the prior year, the business posted $0.67 earnings per share. Walmart's revenue for the quarter was up 4.8% on a year-over-year basis. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Hedge Funds Weigh In On Walmart

Several institutional investors have recently bought and sold shares of the company. Brighton Jones LLC raised its stake in shares of Walmart by 28.8% in the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after acquiring an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after buying an additional 485 shares during the last quarter. Highview Capital Management LLC DE grew its holdings in shares of Walmart by 4.9% during the fourth quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock worth $3,338,000 after purchasing an additional 1,720 shares during the last quarter. Two Sigma Advisers LP increased its position in Walmart by 34.9% during the fourth quarter. Two Sigma Advisers LP now owns 66,900 shares of the retailer's stock worth $6,044,000 after buying an additional 17,300 shares during the period. Finally, Triglav Skladi D.O.O. purchased a new position in shares of Walmart during the fourth quarter worth approximately $26,330,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on WMT shares. Mizuho reaffirmed an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research note on Wednesday, August 13th. Guggenheim reissued a "buy" rating and set a $115.00 price target (up from $112.00) on shares of Walmart in a report on Monday, August 18th. The Goldman Sachs Group lifted their price objective on shares of Walmart from $101.00 to $114.00 and gave the company a "buy" rating in a report on Friday, August 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $106.00 target price on shares of Walmart in a research note on Friday, August 22nd. Finally, Truist Financial reduced their price objective on Walmart from $111.00 to $109.00 and set a "buy" rating for the company in a research note on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Walmart presently has a consensus rating of "Buy" and an average target price of $110.76.

About Walmart

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.

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