Rep. Richard McCormick Unloads Walmart Inc. (NASDAQ:WMT) Stock

Posted by Tyrone Williams on Aug 18th, 2026

Walmart logo 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 Stock Up 1.6%

Shares of WMT traded up $1.82 on Tuesday, reaching $116.15. The stock had a trading volume of 4,334,257 shares, compared to its average volume of 24,970,357. Walmart Inc. has a 12-month low of $95.42 and a 12-month high of $135.15. The firm has a market capitalization of $924.31 billion, a price-to-earnings ratio of 40.70, a price-to-earnings-growth ratio of 4.30 and a beta of 0.61. 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 50-day simple moving average of $114.23 and a 200-day simple moving average of $121.53.

Walmart (NASDAQ:WMT – Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, meeting 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 last year, the company earned $0.61 earnings per share. The company’s revenue 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. Sell-side analysts predict that Walmart Inc. will post 2.88 EPS for the current year.

Institutional Trading of Walmart

Large investors have recently added to or reduced their stakes in the business. Advisortrust Partners LLC lifted its stake in shares of Walmart by 20.2% during the 1st quarter. Advisortrust Partners LLC now owns 67,142 shares of the retailer’s stock worth $8,344,000 after acquiring an additional 11,283 shares during the last quarter. Union Bancaire Privee UBP SA grew its position in Walmart by 253.3% in the 1st quarter. Union Bancaire Privee UBP SA now owns 384,034 shares of the retailer’s stock valued at $47,728,000 after acquiring an additional 275,337 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Walmart by 2.9% in the first quarter. Janney Montgomery Scott LLC now owns 2,416,580 shares of the retailer’s stock worth $300,333,000 after purchasing an additional 68,632 shares during the period. Vise Technologies Inc. increased its stake in Walmart by 42.1% in the fourth quarter. Vise Technologies Inc. now owns 275,341 shares of the retailer’s stock worth $30,676,000 after purchasing an additional 81,635 shares during the period. Finally, HORAN Wealth LLC lifted its position in shares of Walmart by 55.7% during the first quarter. HORAN Wealth LLC now owns 81,544 shares of the retailer’s stock worth $9,931,000 after purchasing an additional 29,184 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of recent analyst reports. DA Davidson restated a “buy” rating and issued a $150.00 price objective on shares of Walmart in a report on Monday. Mizuho set a $130.00 price target on Walmart in a report on Monday, July 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $137.00 price objective on shares of Walmart in a research report on Wednesday, August 12th. BMO Capital Markets reissued an “outperform” rating on shares of Walmart in a research report on Friday, May 22nd. Finally, Sanford C. Bernstein set a $142.00 target price on shares of Walmart and gave the company an “outperform” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, thirty have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $138.50.

Check Out Our Latest Report on WMT

Key Stories Impacting Walmart

Here are the key news stories impacting Walmart this week:

Positive Sentiment: Advertising may support profits: With retail growth stagnating, investors are increasingly counting on Walmart’s higher-margin advertising business to help offset slower same-store sales and sustain earnings momentum. As retail stagnates, ad dollars help Walmart stay the course
Positive Sentiment: Analyst reiterates bullish view: DA Davidson reaffirmed its “Buy” rating and set a $150 price target, implying substantial upside from recent trading levels. DA Davidson reaffirms Walmart Buy rating
Positive Sentiment: Value positioning remains a demand benefit: Walmart is using thousands of price rollbacks and its low-price strategy to maintain traffic as elevated fuel costs pressure lower-income households. Analysts say management has not yet seen a significant spending pullback. Can Walmart Sustain Growth as Household Budgets Tighten?
Neutral Sentiment: Earnings are the immediate catalyst: Walmart’s results are being closely watched alongside other major retailers for evidence about consumer health, discretionary spending and the durability of grocery-led traffic. Retail Earnings and Fed Minutes Highlighted This Week
Negative Sentiment: Slower growth and cautious guidance weigh on sentiment: Analysts expect comparable-sales growth of roughly 3%, below the 3.8% consensus cited by Oppenheimer. Walmart’s premium valuation, moderating general merchandise demand and unchanged full-year guidance have reduced the likelihood of a positive earnings surprise or outlook upgrade. Wall Street Brunch: Walmart Leads Retail Earnings Week
Negative Sentiment: AI rollout brings execution risks: Store employees reportedly must correct or manage errors from Walmart’s new AI tools, raising concerns about implementation costs, reliability and potential productivity benefits. Walmart Workers Have a New Responsibility: Correcting AI Errors

Insider Activity

In related news, EVP Daniel J. Bartlett sold 3,710 shares of Walmart stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $113.10, for a total transaction of $419,601.00. Following the completion of the sale, the executive vice president owned 626,299 shares in the company, valued at $70,834,416.90. This trade represents a 0.59% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Latriece Watkins sold 11,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 120,203 shares of the company’s stock, valued at approximately $14,300,550.91. This trade represents a 8.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 70,189 shares of company stock valued at $8,377,320. Insiders own 0.09% of the company’s stock.

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.

About Walmart

(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.