Walmart (NASDAQ:WMT) EVP David Guggina Sells 11,978 Shares

Walmart Inc. (NASDAQ:WMT) EVP David Guggina sold 11,978 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $119.82, for a total value of $1,435,203.96. Following the sale, the executive vice president owned 125,067 shares of the company’s stock, valued at approximately $14,985,527.94. This represents a 8.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Walmart Stock Up 0.4%

Shares of Walmart stock traded up $0.54 during midday trading on Friday, reaching $121.04. 14,752,610 shares of the company’s stock traded hands, compared to its average volume of 26,216,844. Walmart Inc. has a 52 week low of $93.62 and a 52 week high of $135.15. The company’s 50 day simple moving average is $125.36 and its 200 day simple moving average is $121.66. 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 company has a market cap of $963.25 billion, a price-to-earnings ratio of 42.47, a price-to-earnings-growth ratio of 4.50 and a beta of 0.59.

Walmart (NASDAQ:WMT) last posted its earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. The company had revenue of $177.75 billion for the quarter, compared to analyst estimates of $174.84 billion. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The business’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $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. Equities analysts expect that Walmart Inc. will post 2.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on WMT shares. Tigress Financial reiterated a “buy” rating and set a $155.00 target price (up from $150.00) on shares of Walmart in a research note on Friday, May 29th. DA Davidson set a $150.00 target price on shares of Walmart and gave the company a “buy” rating in a research note on Friday, February 20th. KeyCorp reaffirmed an “overweight” rating on shares of Walmart in a report on Friday, May 22nd. Bank of America assumed coverage on Walmart in a report on Friday, February 27th. They set a “buy” rating and a $150.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft set a $120.00 price target on shares of Walmart in a research note on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $138.85.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Merkkuri Wealth Advisors LLC acquired a new stake in shares of Walmart in the first quarter valued at approximately $29,000. Entrust Financial LLC bought a new stake in shares of Walmart during the fourth quarter worth $27,000. Beacon Financial Strategies CORP acquired a new position in shares of Walmart during the fourth quarter valued at $30,000. Redmont Wealth Advisors LLC acquired a new stake in Walmart in the third quarter worth about $30,000. Finally, Bay Harbor Wealth Management LLC raised its holdings in Walmart by 57.4% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock worth $32,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

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.