Walmart (NASDAQ:WMT) CTO Suresh Kumar Sells 166,342 Shares of Company Stock

Walmart Inc. (NASDAQ:WMT) CTO Suresh Kumar sold 166,342 shares of the business’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $123.21, for a total transaction of $20,494,997.82. Following the completion of the transaction, the chief technology officer owned 1,632,223 shares in the company, valued at $201,106,195.83. The trade was a 9.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Walmart Stock Performance

Walmart stock opened at $124.86 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average of $111.08 and a 200-day moving average of $118.46. The firm has a market cap of $990.61 billion, a P/E ratio of 45.08, a P/E/G ratio of 4.61 and a beta of 0.53. Walmart Inc. has a 1-year low of $98.88 and a 1-year high of $135.15.

Walmart (NASDAQ:WMT) last announced its quarterly earnings results on Thursday, August 20th. The retailer reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. Walmart had a return on equity of 21.83% and a net margin of 3.00%. The company had revenue of $187.94 billion for the quarter, compared to the consensus estimate of $186.64 billion. During the same quarter in the previous year, the business earned $0.68 EPS. Walmart’s revenue was up 5.9% compared to the same quarter last year. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. Sell-side analysts expect that Walmart Inc. will post 2.88 EPS for the current year.

Key Walmart News

Here are the key news stories impacting Walmart this week:

• Positive Sentiment: Walmart may be positioned to beat its next earnings estimates, according to Zacks, which points to its history of earnings surprises and factors supporting another potential beat. Why Walmart is Poised to Beat Earnings Estimates Again
• Positive Sentiment: Walmart’s expanded Sparky AI shopping assistant could support holiday sales by helping customers shop and potentially encouraging larger orders. Can Walmart’s Expanded Sparky AI Boost Holiday Shopping and Sales?
• Positive Sentiment: A report says Walmart’s e-commerce sales are growing faster than Amazon’s, suggesting its online business is gaining momentum. 1 Stat That Makes Walmart Hard to Ignore This November
• Neutral Sentiment: CTO Suresh Kumar sold 166,342 shares, and EVP Daniel Bartlett sold 3,346 shares. Both trades were made under pre-arranged Rule 10b5-1 plans; the sales may draw attention, but do not necessarily indicate a change in their views of the company. Kumar SEC filing Bartlett SEC filing
• Negative Sentiment: Bearish commentary highlights Walmart’s high valuation, with one article returning to a “strong sell” rating and another warning that the valuation may be stretched. Valuation concerns could weigh on sentiment even as the business outlook remains constructive. Walmart: Back To The Strong Sell Rating Walmart’s Defensive Reputation and Valuation

Analyst Ratings Changes

Several research firms have recently issued reports on WMT. Jefferies Financial Group reissued a “buy” rating and set a $120.00 target price on shares of Walmart in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft raised Walmart from a “hold” rating to a “buy” rating and raised their price target for the stock from $113.00 to $136.00 in a research note on Thursday, October 15th. Truist Financial set a $114.00 price target on shares of Walmart and gave the company a “buy” rating in a report on Friday, August 21st. Mizuho reduced their price objective on shares of Walmart from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 29th. Finally, TD Cowen assumed coverage on shares of Walmart in a report on Friday, October 30th. They issued a “strong-buy” rating for the company. Four investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $132.41.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Montgomery Financial Services LLC purchased a new position in shares of Walmart in the 2nd quarter valued at approximately $32,000. Turim 21 Investimentos Ltda. purchased a new stake in Walmart in the second quarter worth $34,000. Pingora Partners LLC purchased a new stake in Walmart in the second quarter worth $34,000. PMV Capital Advisers LLC purchased a new stake in Walmart in the second quarter worth $34,000. Finally, Evolution Wealth Management Inc. raised its holdings in Walmart by 44.3% in the first quarter. Evolution Wealth Management Inc. now owns 316 shares of the retailer’s stock worth $39,000 after purchasing an additional 97 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

About Walmart

Walmart Inc (NASDAQ:WMT) operates a global retail business through a network of supercenters, supermarkets, discount stores, neighborhood markets, warehouse clubs and e-commerce platforms. Its stores and websites sell a broad assortment of merchandise, including groceries, consumables, health and wellness products, apparel, electronics, home goods, toys and other general merchandise.

The company organizes its operations into Walmart U.S., Walmart International and Sam’s Club U.S. Walmart U.S.