Walmart Inc. (NYSE:WMT – Get Free Report) EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Walmart Trading Down 0.5 %
NYSE WMT opened at $81.22 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $81.82. The firm’s fifty day simple moving average is $77.37 and its 200-day simple moving average is $69.31. The company has a market capitalization of $652.87 billion, a PE ratio of 42.23, a price-to-earnings-growth ratio of 4.02 and a beta of 0.51.
Walmart (NYSE:WMT – Get Free Report) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 21.72% and a net margin of 2.34%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 EPS. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.
Institutional Trading of Walmart
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Morgan Stanley raised their price target on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Piper Sandler restated an “overweight” rating and set a $83.00 price objective (up from $81.00) on shares of Walmart in a research note on Friday, August 16th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Walmart in a report on Friday, August 16th. Finally, Robert W. Baird increased their price objective on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Walmart has an average rating of “Buy” and a consensus target price of $82.96.
Check Out Our Latest Stock Analysis on WMT
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.
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