Walmart Inc. (NYSE:WMT) EVP Daniel J. Bartlett Sells 2,065 Shares

Walmart Inc. (NYSE:WMT) 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) 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

A number of institutional investors have recently added to or reduced their stakes in WMT. Drake & Associates LLC increased its stake in shares of Walmart by 22.6% during the 3rd quarter. Drake & Associates LLC now owns 6,538 shares of the retailer’s stock worth $528,000 after purchasing an additional 1,207 shares during the last quarter. Trust Co. of Vermont lifted its stake in shares of Walmart by 6.4% in the 3rd quarter. Trust Co. of Vermont now owns 171,701 shares of the retailer’s stock valued at $13,865,000 after purchasing an additional 10,395 shares during the last quarter. Cardinal Capital Management boosted its holdings in Walmart by 0.5% in the third quarter. Cardinal Capital Management now owns 163,074 shares of the retailer’s stock worth $13,168,000 after purchasing an additional 801 shares in the last quarter. Smallwood Wealth Investment Management LLC acquired a new position in Walmart during the third quarter worth $215,000. Finally, Marshall Financial Group LLC raised its holdings in Walmart by 1.1% during the third quarter. Marshall Financial Group LLC now owns 51,635 shares of the retailer’s stock valued at $4,169,000 after buying an additional 545 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

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.

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.