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Rachel L. Brand, Executive Vice President at Walmart Inc. (NYSE:WMT), recently sold a significant portion of her holdings in the retail giant. According to a filing with the Securities and Exchange Commission, Brand sold a total of 83,861 shares on February 26, 2025. The sale comes as Walmart, now valued at $792 billion, has delivered an impressive 64% return over the past year, establishing itself as a prominent player in the Consumer Staples sector.
The transactions were executed at various prices, with the shares sold at prices ranging from $96.4858 to $98.2327 per share. The total value of these sales amounted to approximately $8.14 million.
Following these transactions, Brand retains ownership of 194,456.827 shares in Walmart. The sales were conducted in multiple trades, as noted in the filing, with the weighted average prices reflecting the overall transaction value.
In other recent news, Walmart Inc. reported its fourth-quarter earnings per share (EPS) of 66 cents, slightly surpassing Wall Street’s expectations of 65 cents. However, the company’s conservative guidance for the upcoming fiscal year, projecting an EPS of 57-58 cents for the first quarter and $2.50-2.60 for the full year, fell short of analysts’ anticipated figures. Despite this, TD Cowen raised its price target for Walmart to $115, maintaining a Buy rating, citing multiple growth drivers such as grocery, value, and high-margin initiatives. In contrast, RBC Capital Markets lowered its price target to $107, while still keeping an Outperform rating, noting that the revised fiscal guidance was below high expectations. UBS also slightly adjusted its price target to $112 but maintained a Buy rating, expressing confidence in Walmart’s market share growth and alternative business ventures. BMO Capital Markets retained an Outperform rating with a $110 target, emphasizing Walmart’s business momentum and strategic initiatives. Additionally, Walmart and Sam’s Club launched their "Fight Hunger. Spark Change." campaign, continuing their long-term partnership with Feeding America to combat food insecurity. This initiative highlights the company’s ongoing commitment to corporate philanthropy and sustainability.
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