Walmart Inc. (NYSE:WMT) SVP Sells $512,120.00 in Stock

Walmart Inc. (NYSE:WMT) SVP David Chojnowski sold 5,600 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the transaction, the senior vice president now directly owns 87,404 shares in the company, valued at approximately $7,993,095.80. The trade was a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Walmart Stock Performance

Shares of NYSE:WMT traded up $0.62 during trading on Friday, hitting $92.50. The company’s stock had a trading volume of 11,041,178 shares, compared to its average volume of 16,881,605. The company has a 50-day moving average of $83.35 and a 200-day moving average of $74.82. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $92.64. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market cap of $743.54 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 4.36 and a beta of 0.51.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter last year, the business earned $0.51 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts expect that Walmart Inc. will post 2.47 earnings per share for the current year.

Institutional Investors Weigh In On Walmart

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WMT. American Trust grew its holdings in Walmart by 2.3% during the 3rd quarter. American Trust now owns 11,085 shares of the retailer’s stock valued at $895,000 after buying an additional 252 shares in the last quarter. Old North State Trust LLC grew its holdings in shares of Walmart by 1.8% in the third quarter. Old North State Trust LLC now owns 14,124 shares of the retailer’s stock valued at $1,141,000 after purchasing an additional 252 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Walmart by 3.7% in the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after purchasing an additional 1,480,927 shares in the last quarter. Tri Ri Asset Management Corp purchased a new position in shares of Walmart in the third quarter valued at $1,450,000. Finally, Synovus Financial Corp grew its holdings in shares of Walmart by 13.3% in the third quarter. Synovus Financial Corp now owns 326,545 shares of the retailer’s stock valued at $26,369,000 after purchasing an additional 38,236 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Oppenheimer boosted their price objective on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Truist Financial upped their target price on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. upped their target price on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. UBS Group upped their target price on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Barclays upped their target price on shares of Walmart from $78.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $91.88.

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.