Walmart Inc. (NYSE:WMT) EVP Sells $166,607.88 in Stock

Walmart Inc. (NYSE:WMT) EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at $37,113,904.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Walmart Trading Up 0.5 %

Shares of Walmart stock traded up $0.43 during trading on Wednesday, hitting $79.03. The company’s stock had a trading volume of 15,677,847 shares, compared to its average volume of 17,412,584. The stock has a market cap of $635.26 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 4.03 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. Walmart Inc. has a 52 week low of $49.85 and a 52 week high of $81.02. The stock has a 50-day moving average price of $72.90 and a two-hundred day moving average price of $66.48.

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

Hedge Funds Weigh In On Walmart

A number of hedge funds have recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in Walmart in the first quarter valued at approximately $25,000. Northwest Capital Management Inc increased its stake in shares of Walmart by 199.3% in the 1st 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 lifted its position in shares of Walmart by 138.3% during the 2nd 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 period. Cultivar Capital Inc. bought a new position in Walmart during the second quarter worth $29,000. Finally, Able Wealth Management LLC acquired a new stake in Walmart in the fourth quarter worth $30,000. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on WMT. UBS Group raised their target price on shares of Walmart from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Tigress Financial lifted their price objective on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Evercore ISI increased their target price on Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. The Goldman Sachs Group raised their price target on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Piper Sandler reiterated 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. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.99.

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.