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

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

Walmart Trading Down 0.2 %

Shares of WMT traded down $0.14 during mid-day trading on Friday, reaching $67.74. 18,814,975 shares of the company’s stock traded hands, compared to its average volume of 18,086,430. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The stock’s 50-day moving average is $63.74 and its two-hundred day moving average is $59.11. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $69.04. The stock has a market cap of $544.87 billion, a P/E ratio of 29.03, a P/E/G ratio of 3.94 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 the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. Walmart’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 EPS. Research analysts forecast that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Walmart

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WMT. Vanguard Group Inc. boosted its holdings in shares of 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 holdings in shares of Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after buying an additional 36,625,314 shares during the period. Norges Bank purchased a new position in shares of Walmart during the fourth quarter valued at $3,674,652,000. Bank of New York Mellon Corp raised its holdings in shares of Walmart by 183.0% in the first 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 in the last quarter. Finally, Raymond James & Associates lifted its stake in Walmart by 212.6% in the first quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock worth $844,514,000 after acquiring an additional 9,544,958 shares during the period. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price objective on Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 20th. Barclays lifted their target price on shares of Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Robert W. Baird raised their price target on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Finally, Bank of America upped their price objective on Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.97.

About Walmart

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.