Insider Selling: Walmart Inc. (NYSE:WMT) EVP Sells 2,065 Shares of Stock

Walmart Inc. (NYSE:WMT) EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total transaction of $166,624.85. Following the sale, the executive vice president now owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Walmart Price Performance

Shares of Walmart stock traded down $0.43 during trading on Wednesday, hitting $81.22. The stock had a trading volume of 11,064,070 shares, compared to its average volume of 17,196,418. The business has a fifty day moving average of $77.08 and a two-hundred day moving average of $69.23. The firm has a market cap of $652.87 billion, a P/E ratio of 42.32, a PEG ratio of 4.02 and a beta of 0.51. Walmart Inc. has a fifty-two week low of $49.85 and a fifty-two week high of $81.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion during 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 business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 EPS. On average, sell-side analysts expect that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on WMT shares. Roth Mkm boosted their price objective on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Oppenheimer upped their price target on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday. Guggenheim lifted their price objective on Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada raised their target price on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Finally, Tigress Financial upped their target price on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $82.96.

Institutional Trading of Walmart

Several institutional investors have recently made changes to their positions in the stock. AHL Investment Management Inc. boosted its position in Walmart by 192.1% during the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after purchasing an additional 15,785 shares during the last quarter. Liberty Wealth Management LLC acquired a new position in Walmart in the first quarter worth approximately $270,000. Commerce Bank raised its position in Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after acquiring an additional 600,521 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Walmart by 290.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after acquiring an additional 200,947 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of Walmart by 189.4% during the 1st quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock worth $38,740,000 after purchasing an additional 421,366 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Company Profile

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.