Insider Selling: 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 stock was sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the sale, the senior vice president now directly owns 87,404 shares in the company, valued at approximately $7,993,095.80. This represents a 6.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Walmart Trading Up 0.7 %

Shares of Walmart stock opened at $92.50 on Monday. The company has a market capitalization of $743.54 billion, a price-to-earnings ratio of 37.91, a PEG ratio of 4.39 and a beta of 0.51. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Walmart Inc. has a 12-month low of $49.85 and a 12-month high of $92.64. The firm’s 50-day moving average price is $83.35 and its two-hundred day moving average price is $75.04.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WMT. Teachers Retirement System of The State of Kentucky raised its holdings in Walmart by 188.6% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 352,724 shares of the retailer’s stock valued at $21,223,000 after buying an additional 230,511 shares during the last quarter. Soltis Investment Advisors LLC bought a new stake in shares of Walmart in the first quarter worth $295,000. Railway Pension Investments Ltd increased its holdings in Walmart by 187.4% in the first quarter. Railway Pension Investments Ltd now owns 2,223,239 shares of the retailer’s stock valued at $133,772,000 after purchasing an additional 1,449,626 shares during the period. EverSource Wealth Advisors LLC raised its position in Walmart by 250.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 61,077 shares of the retailer’s stock worth $3,625,000 after purchasing an additional 43,670 shares during the last quarter. Finally, OMC Financial Services LTD acquired a new position in Walmart during the 1st quarter worth about $1,923,000. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Guggenheim boosted their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Melius Research started coverage on shares of Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target on the stock. Wells Fargo & Company upped their price target on shares of Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, Barclays upped their price target 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 investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.88.

Walmart Company Profile

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.