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

Walmart Inc. (NYSE:WMT) SVP David Chojnowski sold 5,600 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the transaction, the senior vice president now directly owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. The trade was a 6.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Walmart Trading Up 0.7 %

Shares of NYSE WMT opened at $92.50 on Friday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $92.64. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The business has a fifty day simple moving average of $83.35 and a two-hundred day simple moving average of $74.82. The firm has a market cap of $743.54 billion, a PE ratio of 37.96, a price-to-earnings-growth ratio of 4.36 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the previous year, the company posted $0.51 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts expect that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on WMT. Jefferies Financial Group increased their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Melius Research assumed coverage on shares of Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective for the company. Telsey Advisory Group boosted their target price on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Oppenheimer increased their price target on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Stifel Nicolaus boosted their price objective on Walmart from $85.00 to $89.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $91.88.

Institutional Investors Weigh In On Walmart

Several hedge funds have recently modified their holdings of the business. Teachers Retirement System of The State of Kentucky lifted its stake in shares of Walmart by 188.6% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 352,724 shares of the retailer’s stock worth $21,223,000 after purchasing an additional 230,511 shares during the last quarter. Soltis Investment Advisors LLC purchased a new stake in shares of Walmart during the first quarter valued at about $295,000. Railway Pension Investments Ltd boosted its holdings in shares of Walmart by 187.4% in the 1st quarter. Railway Pension Investments Ltd now owns 2,223,239 shares of the retailer’s stock valued at $133,772,000 after buying an additional 1,449,626 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Walmart by 250.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 61,077 shares of the retailer’s stock valued at $3,625,000 after buying an additional 43,670 shares in the last quarter. Finally, OMC Financial Services LTD purchased a new position in shares of Walmart in the 1st quarter worth approximately $1,923,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

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.