Walmart (NASDAQ:WMT) CEO John Furner Sells 13,125 Shares

Walmart Inc. (NASDAQ:WMT) CEO John Furner sold 13,125 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $106.66, for a total transaction of $1,399,912.50. Following the transaction, the chief executive officer owned 647,912 shares of the company’s stock, valued at approximately $69,106,293.92. This represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Walmart Stock Down 0.1%

Shares of NASDAQ:WMT traded down $0.06 during midday trading on Friday, reaching $106.73. The company had a trading volume of 43,761,647 shares, compared to its average volume of 25,479,258. Walmart Inc. has a 1-year low of $98.88 and a 1-year high of $135.15. The stock has a market cap of $846.77 billion, a PE ratio of 38.53, a P/E/G ratio of 4.10 and a beta of 0.59. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average price is $109.92 and its 200 day moving average price is $118.31.

Walmart (NASDAQ:WMT) last issued its quarterly earnings results on Thursday, August 20th. The retailer reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. The firm had revenue of $187.94 billion during the quarter, compared to analysts’ expectations of $186.64 billion. Walmart had a return on equity of 21.83% and a net margin of 3.00%.The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. Research analysts forecast that Walmart Inc. will post 2.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Walmart

A number of institutional investors have recently made changes to their positions in WMT. Geode Capital Management LLC grew its holdings in Walmart by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 103,010,709 shares of the retailer’s stock valued at $11,426,753,000 after buying an additional 6,517,394 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Walmart in the second quarter valued at about $7,455,131,000. Norges Bank acquired a new position in shares of Walmart in the fourth quarter valued at about $6,458,529,000. Fisher Asset Management LLC grew its stake in shares of Walmart by 0.8% in the fourth quarter. Fisher Asset Management LLC now owns 40,626,852 shares of the retailer’s stock valued at $4,526,238,000 after acquiring an additional 328,229 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Walmart by 2.6% during the fourth quarter. Franklin Resources Inc. now owns 36,820,550 shares of the retailer’s stock worth $4,102,546,000 after acquiring an additional 920,969 shares during the period. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. DA Davidson reissued a “buy” rating and issued a $132.00 price objective on shares of Walmart in a research report on Thursday, September 10th. BMO Capital Markets reiterated an “outperform” rating and issued a $126.00 target price on shares of Walmart in a research note on Friday, August 21st. Roth Capital reissued a “buy” rating on shares of Walmart in a research report on Friday, August 21st. Sanford C. Bernstein restated an “outperform” rating on shares of Walmart in a research note on Friday, August 21st. Finally, Weiss Ratings cut Walmart from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $131.88.

Walmart Company Profile

Walmart Inc is a multinational retail and technology company that operates supercenters, discount stores, neighborhood markets, e-commerce platforms and membership warehouse clubs. Its merchandise includes groceries, apparel, electronics, home goods, health and beauty products, general merchandise and other consumer products.

Founded by Sam Walton in 1962 and incorporated in 1969, Walmart is headquartered in Bentonville, Arkansas. The company serves customers through operations in the United States and international markets, including Mexico, Canada, China, India and several countries in Central America and Africa.