Walmart Inc. (NYSE:WMT) EVP Daniel J. Bartlett Sells 1,830 Shares

Walmart Inc. (NYSE:WMT) EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This represents a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Walmart Trading Up 0.8 %

Shares of WMT opened at $92.02 on Friday. The stock’s fifty day simple moving average is $91.01 and its 200-day simple moving average is $81.10. The firm has a market capitalization of $739.19 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. Walmart Inc. has a 12-month low of $53.44 and a 12-month high of $96.18. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the company posted $0.51 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. As a group, research analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on WMT. Evercore ISI raised their price objective on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Telsey Advisory Group increased their price objective on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Piper Sandler upped their target price on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, Guggenheim raised their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $94.49.

Institutional Trading of Walmart

Several institutional investors and hedge funds have recently made changes to their positions in WMT. Brophy Wealth Management LLC bought a new stake in Walmart in the third quarter valued at about $2,072,000. Bank of New Hampshire increased its stake in shares of Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after acquiring an additional 5,786 shares during the last quarter. Iowa State Bank increased its stake in shares of Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after acquiring an additional 18,263 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in Walmart during the 3rd quarter worth approximately $541,000. Institutional investors own 26.76% of the company’s stock.

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.