Walmart Inc. (NYSE:WMT) SVP David Chojnowski Sells 8,791 Shares of Stock

Walmart Inc. (NYSE:WMT) SVP David Chojnowski sold 8,791 shares of the stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares in the company, valued at $6,420,220. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Walmart Stock Performance

NYSE WMT opened at $67.74 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $69.04. The business’s 50-day moving average price is $64.07 and its 200 day moving average price is $59.29. The firm has a market cap of $544.87 billion, a P/E ratio of 28.99, a P/E/G ratio of 3.92 and a beta of 0.52.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. On average, equities research analysts expect that Walmart Inc. will post 2.42 earnings per share for the current year.

Institutional Investors Weigh In On Walmart

A number of hedge funds have recently added to or reduced their stakes in WMT. Vanguard Group Inc. lifted its position in Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares during the period. Norges Bank acquired a new stake in shares of Walmart during the 4th quarter valued at approximately $3,674,652,000. Bank of New York Mellon Corp lifted its position in shares of Walmart by 183.0% during the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after acquiring an additional 18,865,484 shares during the period. Finally, Raymond James & Associates lifted its position in shares of Walmart by 212.6% during the 1st quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock valued at $844,514,000 after acquiring an additional 9,544,958 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WMT. DA Davidson increased their price objective on Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. HSBC increased their target price on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Robert W. Baird increased their target price on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. TD Cowen increased their target price on Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, Telsey Advisory Group increased their target price on Walmart from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, June 10th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $69.97.

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.