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 Stock Performance

Shares of NYSE WMT opened at $91.39 on Thursday. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18. The firm has a market capitalization of $734.17 billion, a price-to-earnings ratio of 37.51, 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. The firm has a 50 day moving average of $90.70 and a 200 day moving average of $80.96.

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

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. This represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP David Chojnowski sold 5,600 shares of Walmart stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the sale, the senior vice president now owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 138,347 shares of company stock valued at $12,311,491 in the last ninety days. 45.58% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Stifel Nicolaus raised their price objective on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Robert W. Baird lifted their price target on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. 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 note on Wednesday, November 20th. Evercore ISI raised their price objective on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Finally, KeyCorp upped their target price on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.49.

Hedge Funds Weigh In On Walmart

Institutional investors and hedge funds have recently modified their holdings of the stock. Jennison Associates LLC lifted its position in Walmart by 479.6% in the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after buying an additional 15,290,936 shares during the last quarter. FMR LLC raised its stake in shares of Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after acquiring an additional 7,200,004 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Walmart by 8,814.4% in the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after acquiring an additional 6,885,106 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

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.