Walmart Inc. (NYSE:WMT) SVP David Chojnowski Sells 5,600 Shares

Walmart Inc. (NYSE:WMT) SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the sale, the senior vice president now owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This represents a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Walmart Trading Up 0.7 %

Shares of NYSE WMT traded up $0.62 during mid-day trading on Friday, reaching $92.50. 11,041,178 shares of the company’s stock were exchanged, compared to its average volume of 16,881,605. The firm has a market capitalization of $743.54 billion, a price-to-earnings ratio of 37.96, a PEG ratio of 4.36 and a beta of 0.51. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $92.64. The company’s 50-day moving average is $83.35 and its 200-day moving average is $74.82.

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

Hedge Funds Weigh In On Walmart

Hedge funds have recently bought and sold shares of the company. Summit Financial Wealth Advisors LLC raised its position in Walmart by 0.5% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after purchasing an additional 118 shares in the last quarter. Providence Wealth Advisors LLC raised its position in Walmart by 0.3% in the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after purchasing an additional 122 shares in the last quarter. 3Chopt Investment Partners LLC raised its position in Walmart by 0.4% in the 3rd quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock valued at $2,635,000 after purchasing an additional 124 shares in the last quarter. CAP Partners LLC raised its position in Walmart by 2.1% in the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock valued at $489,000 after purchasing an additional 125 shares in the last quarter. Finally, Investment Advisory Group LLC raised its position in shares of Walmart by 2.1% during the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after acquiring an additional 126 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on WMT. The Goldman Sachs Group lifted their target price on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Melius Research initiated coverage on Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective for the company. Robert W. Baird lifted their price objective on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Truist Financial lifted their price objective on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Stifel Nicolaus lifted their price objective on Walmart from $85.00 to $89.00 and gave the company a “hold” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and an average price target of $91.88.

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.