Rep. Josh Gottheimer Purchases Shares of Walmart Inc. (NYSE:WMT)

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Walmart Inc. NYSE: WMT. In a filing disclosed on January 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Walmart stock on December 19th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Block NYSE: SQ on 12/30/2024.
• Purchased $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 12/30/2024.
• Sold $1,001 - $15,000 in shares of Ambev NYSE: ABEV on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Grupo Financiero Banorte OTCMKTS: GBOOY on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Cadre NYSE: CDRE on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Coloplast A/S OTCMKTS: CLPBY on 12/27/2024.
• Sold $1,001 - $15,000 in shares of Intuitive Surgical NASDAQ: ISRG on 12/23/2024.
• Sold $1,001 - $15,000 in shares of Trane Technologies NYSE: TT on 12/23/2024.
• Purchased $1,001 - $15,000 in shares of Walmart NYSE: WMT on 12/20/2024.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 12/19/2024.

Walmart Trading Down 0.0 %

Shares of NYSE WMT traded down $0.01 during trading hours on Thursday, hitting $91.33. 13,259,692 shares of the company traded hands, compared to its average volume of 14,578,087. The company's 50 day moving average price is $90.86 and its 200 day moving average price is $81.03. Walmart Inc. has a 12 month low of $53.44 and a 12 month high of $96.18. The stock has a market capitalization of $733.70 billion, a price-to-earnings ratio of 37.48, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analysts' expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 earnings per share. On average, equities research analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. This represents a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the transaction, the chief executive officer now directly owns 3,843,929 shares of the company's stock, valued at $318,238,881.91. The trade was a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 138,347 shares of company stock valued at $12,311,491 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Walmart

A number of large investors have recently added to or reduced their stakes in WMT. Peterson Financial Group Inc. purchased a new position in shares of Walmart in the 3rd quarter worth approximately $26,000. Voisard Asset Management Group Inc. grew its holdings in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer's stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Decker Retirement Planning Inc. purchased a new position in Walmart in the fourth quarter worth $32,000. Hoese & Co LLP acquired a new position in shares of Walmart during the third quarter worth $33,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Walmart during the 3rd quarter valued at $36,000. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on WMT shares. Sanford C. Bernstein increased their price objective on shares of Walmart from $98.00 to $102.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. DZ Bank downgraded Walmart from a "buy" rating to a "hold" rating and set a $91.00 price target on the stock. in a report on Thursday, November 21st. Morgan Stanley boosted their price objective on Walmart from $89.00 to $100.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. Piper Sandler upped their price objective on Walmart from $83.00 to $93.00 and gave the company an "overweight" rating in a research report on Monday, November 18th. Finally, UBS Group lifted their target price on Walmart from $92.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $94.49.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.