Walmart (NASDAQ:WMT) EVP Latriece Watkins Sells 11,000 Shares of Stock

Walmart Inc. (NASDAQ:WMTGet Free Report) EVP Latriece Watkins sold 11,000 shares of Walmart stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $118.97, for a total transaction of $1,308,670.00. Following the completion of the transaction, the executive vice president directly owned 120,203 shares of the company’s stock, valued at $14,300,550.91. The trade was a 8.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Walmart Stock Down 2.6%

WMT opened at $115.75 on Friday. Walmart Inc. has a fifty-two week low of $93.43 and a fifty-two week high of $135.15. 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 fifty day moving average of $126.11 and a two-hundred day moving average of $120.61. The stock has a market capitalization of $922.64 billion, a price-to-earnings ratio of 40.61, a PEG ratio of 4.44 and a beta of 0.65.

Walmart (NASDAQ:WMTGet Free Report) last released its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The company had revenue of $177.75 billion during the quarter, compared to analysts’ expectations of $174.84 billion. During the same quarter in the previous year, the company earned $0.61 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. On average, research analysts expect that Walmart Inc. will post 2.89 earnings per share for the current year.

Institutional Trading of Walmart

Several large investors have recently bought and sold shares of the business. Cozad Asset Management Inc. grew its stake in Walmart by 0.6% during the 1st quarter. Cozad Asset Management Inc. now owns 40,612 shares of the retailer’s stock valued at $5,047,000 after acquiring an additional 240 shares in the last quarter. Alpine Woods Capital Investors LLC grew its stake in Walmart by 185.8% during the 1st quarter. Alpine Woods Capital Investors LLC now owns 6,899 shares of the retailer’s stock valued at $857,000 after acquiring an additional 4,485 shares in the last quarter. Allen Capital Group LLC grew its stake in Walmart by 2.6% during the 1st quarter. Allen Capital Group LLC now owns 20,115 shares of the retailer’s stock valued at $2,500,000 after acquiring an additional 507 shares in the last quarter. Serenity Investment Advisors grew its stake in Walmart by 6.4% during the 1st quarter. Serenity Investment Advisors now owns 6,177 shares of the retailer’s stock valued at $743,000 after acquiring an additional 369 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC grew its stake in Walmart by 3.5% during the 1st quarter. Summit Financial Wealth Advisors LLC now owns 26,922 shares of the retailer’s stock valued at $3,346,000 after acquiring an additional 905 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WMT. Roth Mkm reissued a “buy” rating and set a $138.00 target price on shares of Walmart in a research note on Friday, February 20th. TD Cowen reissued a “buy” rating and set a $150.00 target price (up from $145.00) on shares of Walmart in a research note on Thursday, May 7th. Mizuho boosted their target price on shares of Walmart from $125.00 to $137.00 and gave the stock an “outperform” rating in a research note on Monday, February 9th. The Goldman Sachs Group reissued a “buy” rating and set a $138.00 target price on shares of Walmart in a research note on Friday, February 20th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Walmart in a research note on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $138.85.

Read Our Latest Analysis on Walmart

Key Walmart News

Here are the key news stories impacting Walmart this week:

Walmart Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Walmart (NASDAQ:WMT)

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