SoFi CEO enters prepaid forward contract on 1.5 million shares
BENTONVILLE, AR—Kathryn J. McLay, Executive Vice President at Walmart Inc. (NYSE:WMT), recently sold 4,000 shares of the company’s stock, according to a filing with the Securities and Exchange Commission. The transaction, executed on March 19, 2025, was conducted at a price of $85.95 per share, amounting to a total value of $343,800. The sale comes as Walmart, now valued at $689.61 billion, has delivered an impressive 42% return over the past year. InvestingPro analysis indicates the stock is trading near its Fair Value.
Following this sale, McLay retains ownership of 888,309.036 shares in the retail giant. The transaction was executed under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell stocks at a later date, typically to avoid any accusations of insider trading.
This sale was part of a series of trades executed at the same price, as disclosed by Walmart in a Form 8-K filed on November 22, 2024.
In other recent news, Costco (NASDAQ:COST) has been actively negotiating with its suppliers in mainland China to lower prices in response to increased U.S. tariffs. The Trump administration’s tariffs, which rose from 10% to 20%, have prompted Costco to seek ways to mitigate their impact on profits. This move aligns with similar strategies by other major retailers like Walmart. Meanwhile, Walmart has had its stock rating downgraded from "Buy" to "Hold" by Erste Group, despite reporting an increase in sales and operating margin in the fourth quarter. The analysts cited concerns over Walmart’s valuation and potential challenges if the economy faces a downturn.
In another development, Walmart has chosen Klarna as its new buy-now-pay-later provider, replacing Affirm, a decision expected to be fully implemented by the holiday season. This partnership with Klarna marks a strategic shift as the Swedish fintech prepares for a public listing in the U.S. Additionally, Walmart and Sam’s Club are celebrating 20 years of collaboration with Feeding America, launching their annual "Fight Hunger. Spark Change." campaign to support food banks nationwide. The initiative has provided over 2 billion meals since its inception.
Lastly, UBS analyst Michael Lasser has adjusted Walmart’s stock price target to $112 while maintaining a "Buy" rating. Lasser expressed confidence in Walmart’s market share gains and growth in alternative business ventures, despite a slight slowdown in sales and eCommerce growth. The analyst views these fluctuations as part of Walmart’s ongoing transformation and believes the company is well-positioned to meet high market expectations.
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