John R. Furner, Executive Vice President at Walmart Inc. (NYSE:WMT), recently sold a significant portion of the company's stock. According to a filing with the Securities and Exchange Commission, Furner sold 13,125 shares of Walmart stock on October 24, 2024, at a price of $82.96 per share. This transaction totaled approximately $1.09 million.
Following the sale, Furner holds 593,039.928 shares directly. Additionally, he maintains an indirect ownership of 5,569.219 shares through a 401(k) plan. The sale was conducted under a Rule 10b5-1 Plan, which was established during an open trading window and previously disclosed by Walmart in a Form 8-K filing on February 28, 2024.
In other recent news, Walmart Inc. has announced a significant enhancement to its customer service offerings, introducing an express delivery option for prescription medications. The service promises delivery within 30 minutes and allows customers to combine medication refills with grocery and other orders. This move is a response to Amazon (NASDAQ:AMZN)'s intention to expand its pharmacy services with same-day delivery. Walmart's new service is currently operational in six states, with plans to extend to 49 states by January.
Simultaneously, Walmart reached a settlement of $123 million in a shareholder derivative action related to its handling of prescription opioids. The settlement, which is awaiting court approval, involves no admission of liability by Walmart.
Regarding analyst notes, TD Cowen reaffirmed its Buy rating for Walmart, citing the company's innovative technology and new revenue streams. KeyBanc Capital Markets and Oppenheimer both raised their price targets for Walmart, attributing it to the company's growth in the grocery sector and its U.S. e-commerce sales growth. BofA Securities also increased its price target for Walmart, noting the company's early holiday deals.
However, Walmart's Mexican subsidiary, Walmex, is under scrutiny by Mexico's antitrust authority, Cofece, for allegations of anti-competitive behavior. Additionally, the company is expanding its pet care services in southern states and working towards sustainability targets with Unilever (LON:ULVR). These recent developments highlight the ongoing dynamics within Walmart's operations and strategy.
InvestingPro Insights
As John R. Furner's recent stock sale draws attention, it's worth examining Walmart's current market position and financial health. According to InvestingPro data, Walmart boasts a substantial market capitalization of $663.08 billion, underlining its status as a retail giant. The company's revenue for the last twelve months as of Q2 2025 stood at an impressive $665.03 billion, with a revenue growth of 5.43% over the same period.
Walmart's stock performance has been particularly strong, with a 55.12% total return over the past year and a remarkable 59.56% year-to-date return as of the latest data. This robust performance aligns with an InvestingPro Tip noting that Walmart is trading near its 52-week high, currently at 99% of that peak.
Investors should also consider Walmart's dividend history. An InvestingPro Tip highlights that Walmart has raised its dividend for 29 consecutive years, demonstrating a commitment to shareholder returns. This is further supported by the company's dividend yield of 1.0% and a dividend growth rate of 9.21% over the last twelve months as of Q2 2025.
While these metrics paint a positive picture, it's important to note that Walmart is trading at a high P/E ratio of 42.85, which may indicate that the stock is priced at a premium relative to its earnings. This valuation consideration is reinforced by another InvestingPro Tip suggesting that Walmart is trading at a high earnings multiple.
For readers interested in a more comprehensive analysis, InvestingPro offers 13 additional tips on Walmart, providing a deeper understanding of the company's financial position and market outlook.
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