Insider Selling: Walmart (NASDAQ:WMT) EVP Sells 2,900 Shares

Walmart Inc. (NASDAQ:WMT) EVP Christopher James Nicholas sold 2,900 shares of the 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. This trade represents a 0.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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, May 21st, Christopher James Nicholas sold 2,900 shares of Walmart stock. The shares were sold at an average price of $123.92, for a total transaction of $359,368.00.
• On Thursday, April 16th, Christopher James Nicholas sold 2,900 shares of Walmart stock. The stock was sold at an average price of $124.72, for a total value of $361,688.00.

Walmart Stock Performance

Shares of NASDAQ:WMT remained flat at $117.18 on Monday. 17,013,678 shares of the company’s stock traded hands, compared to its average volume of 26,114,068. Walmart Inc. has a 12-month low of $94.23 and a 12-month high of $135.15. The company has a market cap of $932.53 billion, a PE ratio of 41.12, a price-to-earnings-growth ratio of 4.37 and a beta of 0.60. The stock’s fifty day moving average is $124.61 and its 200 day moving average is $122.11. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NASDAQ:WMT) last issued its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. The firm had revenue of $177.75 billion during the quarter, compared to the consensus estimate of $174.84 billion. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $0.61 earnings per share. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. Sell-side analysts anticipate that Walmart Inc. will post 2.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on WMT shares. Craig Hallum set a $150.00 price target on Walmart in a research report on Friday, March 6th. TD Cowen reissued a “buy” rating and set a $150.00 target price (up from $145.00) on shares of Walmart in a report on Thursday, May 7th. Erste Group Bank downgraded Walmart from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Sanford C. Bernstein restated an “outperform” rating on shares of Walmart in a research report on Monday, June 8th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $137.00 price target (down from $140.00) on shares of Walmart in a report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.85.

Institutional Investors Weigh In On Walmart

Several institutional investors and hedge funds have recently made changes to their positions in the business. Brighton Jones LLC boosted its holdings in shares of Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after buying an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC increased its stake 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 acquiring an additional 485 shares in the last quarter. Peterson Wealth Management lifted its position in shares of Walmart by 3.5% during the 1st quarter. Peterson Wealth Management now owns 50,307 shares of the retailer’s stock valued at $4,416,000 after acquiring an additional 1,715 shares during the period. Sivia Capital Partners LLC lifted its position in shares of Walmart by 0.9% during the 2nd quarter. Sivia Capital Partners LLC now owns 13,008 shares of the retailer’s stock valued at $1,272,000 after acquiring an additional 116 shares during the period. Finally, Schnieders Capital Management LLC. boosted its stake in Walmart by 1.2% during the second quarter. Schnieders Capital Management LLC. now owns 91,341 shares of the retailer’s stock worth $8,931,000 after acquiring an additional 1,048 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

About Walmart

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.