David Guggina Sells 11,978 Shares of Walmart (NASDAQ:WMT) Stock

Walmart Inc. (NASDAQ:WMT) EVP David Guggina sold 11,978 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $119.82, for a total transaction of $1,435,203.96. Following the completion of the sale, the executive vice president owned 125,067 shares in the company, valued at $14,985,527.94. The trade was a 8.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Walmart Price Performance

Shares of WMT opened at $121.04 on Friday. Walmart Inc. has a twelve month low of $93.62 and a twelve month high of $135.15. The firm’s fifty day simple moving average is $125.28 and its 200-day simple moving average is $121.66. The firm has a market capitalization of $963.25 billion, a price-to-earnings ratio of 42.47, a PEG ratio of 4.52 and a beta of 0.59. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NASDAQ:WMT) last announced its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. Walmart had a net margin of 3.13% and a return on equity of 21.25%. The business had revenue of $177.75 billion for the quarter, compared to analyst estimates of $174.84 billion. During the same period last year, the business earned $0.61 EPS. 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. Equities analysts forecast that Walmart Inc. will post 2.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Merkkuri Wealth Advisors LLC purchased a new position in Walmart during the 1st quarter worth $29,000. Entrust Financial LLC purchased a new position in Walmart during the 4th quarter worth $27,000. Beacon Financial Strategies CORP purchased a new position in Walmart during the 4th quarter worth $30,000. Redmont Wealth Advisors LLC purchased a new position in Walmart during the 3rd quarter worth $30,000. Finally, Bay Harbor Wealth Management LLC grew its position in Walmart by 57.4% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 288 shares of the retailer’s stock worth $32,000 after purchasing an additional 105 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Rothschild & Co Redburn set a $150.00 price objective on shares of Walmart in a report on Tuesday, February 17th. Bank of America assumed coverage on shares of Walmart in a report on Friday, February 27th. They issued a “buy” rating and a $150.00 price objective on the stock. Wolfe Research restated an “outperform” rating and issued a $137.00 price objective (up from $135.00) on shares of Walmart in a report on Monday, May 11th. Royal Bank Of Canada restated an “outperform” rating and issued a $137.00 price objective (down from $140.00) on shares of Walmart in a report on Friday, May 22nd. Finally, Guggenheim increased their target price on shares of Walmart from $120.00 to $137.00 and gave the company a “buy” rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $138.85.

Walmart Company Profile

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.