Walmart Inc. (NYSE:WMT) EVP Daniel J. Bartlett Sells 2,063 Shares

Walmart Inc. (NYSE:WMT) EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Walmart Trading Down 1.2 %

NYSE WMT opened at $78.05 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The firm has a market cap of $627.80 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 4.03 and a beta of 0.51. The firm has a 50 day simple moving average of $73.24 and a 200-day simple moving average of $66.65. Walmart Inc. has a one year low of $49.85 and a one year high of $81.02.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 EPS. Equities research analysts anticipate that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Aveo Capital Partners LLC raised its holdings in Walmart by 4.8% in the fourth quarter. Aveo Capital Partners LLC now owns 4,330 shares of the retailer’s stock valued at $683,000 after acquiring an additional 197 shares in the last quarter. 9258 Wealth Management LLC raised its holdings in shares of Walmart by 1.8% in the 4th quarter. 9258 Wealth Management LLC now owns 12,972 shares of the retailer’s stock valued at $2,045,000 after purchasing an additional 235 shares in the last quarter. Gryphon Financial Partners LLC lifted its position in shares of Walmart by 58.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 6,631 shares of the retailer’s stock worth $1,033,000 after purchasing an additional 2,443 shares during the last quarter. Sachetta LLC acquired a new position in shares of Walmart during the fourth quarter worth $127,000. Finally, D.A. Davidson & CO. increased its holdings in Walmart by 7.9% in the fourth quarter. D.A. Davidson & CO. now owns 114,721 shares of the retailer’s stock valued at $18,086,000 after buying an additional 8,374 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on WMT shares. Oppenheimer upped their target price on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. Tigress Financial upped their price objective on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Guggenheim lifted their target price on shares of Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Bank of America boosted their target price on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Evercore ISI raised their price target on shares of Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $78.99.

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.