Walmart Shares Sold by Rep Kevin Hern Amid Earnings Beat

Walmart Inc. (NASDAQ: WMT) shares were recently sold by Representative Kevin Hern, a Republican from Oklahoma. In a filing disclosed on September 25th, it was revealed that he had sold between $1,001 and $15,000 in Walmart stock on August 27th through his 'KEVIN HERN TRADITIONAL IRA' account.

This sale occurred alongside other transactions involving several other companies. Representative Hern sold shares of CenterPoint Energy (NYSE: CNP), TJX Companies (NYSE: TJX), STERIS (NYSE: STE), Seagate Technology (NASDAQ: STX), NextEra Energy (NYSE: NEE), Marsh & McLennan Companies (NYSE: MRSH), IQVIA (NYSE: IQV), Home Depot (NYSE: HD), and Emerson Electric (NYSE: EMR) on September 15th and 14th.

The sale of Walmart shares by Representative Hern occurred after the company's quarterly earnings data was released on August 20th. The retailer reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.07. The business had revenue of $187.94 billion for the quarter, compared to analyst estimates of $186.64 billion.