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 stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 457,493 shares in the company, valued at $36,915,110.17. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Walmart Price Performance

Shares of NYSE:WMT opened at $81.32 on Friday. The firm has a market capitalization of $654.10 billion, a price-to-earnings ratio of 34.75, a price-to-earnings-growth ratio of 4.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The business’s 50 day simple moving average is $77.90 and its 200-day simple moving average is $69.54. Walmart Inc. has a 12 month low of $49.85 and a 12 month high of $81.82.

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

Hedge Funds Weigh In On Walmart

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EntryPoint Capital LLC acquired a new position in shares of Walmart during the 1st quarter worth approximately $25,000. Northwest Capital Management Inc lifted its position in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares in the last quarter. TruNorth Capital Management LLC boosted its stake in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new stake in Walmart during the 2nd quarter worth about $29,000. Finally, FSA Wealth Management LLC raised its stake in Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after purchasing an additional 377 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WMT. Barclays lifted their price target on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. DA Davidson boosted their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Bank of America raised their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Wells Fargo & Company upped their price target on shares of Walmart from $81.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $82.96.

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.