Walmart (NASDAQ:WMT) Shares Sold Off Rep. Richard McCormick

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

WMT stock opened at $114.33 on Tuesday. 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 business has a 50-day simple moving average of $114.23 and a two-hundred day simple moving average of $121.53. The company has a market capitalization of $909.85 billion, a P/E ratio of 40.12, a price-to-earnings-growth ratio of 4.30 and a beta of 0.61. Walmart Inc. has a 52-week low of $95.42 and a 52-week high of $135.15.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WMT. Erste Group Bank downgraded shares of Walmart from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Piper Sandler reissued an “overweight” rating on shares of Walmart in a research report on Monday, June 8th. Guggenheim restated a “buy” rating and issued a $135.00 target price (down from $137.00) on shares of Walmart in a research note on Monday. Morgan Stanley upped their target price on Walmart from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Finally, Sanford C. Bernstein set a $142.00 price target on Walmart and gave the company an “outperform” rating in a research report on Friday, July 31st. One research 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 a consensus target price of $138.50.

Hedge Funds Weigh In On Walmart

Several institutional investors and hedge funds have recently bought and sold shares of WMT. Merkkuri Wealth Advisors LLC bought a new stake in Walmart during the 1st quarter valued at $29,000. Entrust Financial LLC bought a new position in shares of Walmart in the fourth quarter worth $27,000. Bay Harbor Wealth Management LLC boosted its holdings in shares of Walmart by 57.4% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock worth $32,000 after acquiring an additional 105 shares during the period. Sankala Group LLC purchased a new position in shares of Walmart in the fourth quarter valued at $33,000. Finally, Turim 21 Investimentos Ltda. purchased a new position in shares of Walmart in the first quarter valued at $37,000. 26.76% of the stock is owned by institutional investors.

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

Insider Activity at Walmart

In other news, EVP Latriece Watkins sold 11,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the sale, the executive vice president directly owned 120,203 shares in the company, valued at $14,300,550.91. This represents a 8.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Christopher James Nicholas sold 2,900 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $118.19, for a total transaction of $342,751.00. Following the completion of the sale, the executive vice president directly owned 574,953 shares in the company, valued at approximately $67,953,695.07. The trade was a 0.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 70,189 shares of company stock worth $8,377,320 in the last 90 days. 0.09% of the stock is owned by company insiders.

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.