BENTONVILLE, Arkansas—Robert Edward Moritz Jr., a director at Walmart Inc. (NYSE:WMT), recently acquired a significant number of shares in the retail giant, according to a recent SEC filing. On November 27, Moritz purchased 5,446 shares of Walmart stock at a price of $91.81 per share, totaling approximately $499,997. Following this transaction, Moritz now holds 7,805 shares directly. The purchase comes as Walmart trades near its 52-week high of $92.64, with the stock delivering an impressive 80% return over the past year. According to InvestingPro analysis, the company maintains a "GOOD" overall financial health score.
This purchase was executed in a single trade, as noted in the filing. Moritz's acquisition adds to his existing holdings in Walmart, underscoring his continued investment in the company. Based on InvestingPro's Fair Value analysis, the stock appears to be trading above its intrinsic value. For deeper insights into insider trading patterns and access to 20+ exclusive ProTips about Walmart, including dividend history and financial health metrics, consider exploring InvestingPro's comprehensive research report.
In other recent news, Walmart has been making headlines with its strong third-quarter performance. The retail giant reported an adjusted earnings per share (EPS) of $0.58, surpassing analysts' projection by $0.05. Consolidated revenues increased by 5.5%, and U.S. comparable sales rose by 5.3%, exceeding the 4.0% estimate. Additionally, global eCommerce sales showed robust performance, increasing by 27%, with a 22% rise in the U.S. market.
In response to these results, several financial firms have adjusted their outlooks on Walmart. Barclays (LON:BARC), KeyBanc Capital Markets, Piper Sandler, Baird, Guggenheim, and RBC Capital Markets all maintained positive ratings, with increased price targets ranging from $93.00 to $100.00.
Furthermore, Kathryn McLay, Executive Vice President, President, and CEO of Walmart International, has established a prearranged stock trading plan. Under the plan, McLay will sell 4,000 shares of Walmart common stock monthly, starting March 2025 and continuing through December 2025. The company confirmed that even after the planned sales, McLay will remain in compliance with Walmart's stock ownership guidelines.
These developments are part of recent news regarding Walmart's performance and strategic initiatives, including expansion into advertising, merchant solutions, and last-mile delivery. However, analysts also pointed out potential risks such as Walmart's high price-to-earnings ratio and the need for consistent execution.
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