Walmart Inc. (NYSE:WMT) EVP Sells $166,658.10 in Stock

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

Walmart Price Performance

Walmart stock opened at $92.02 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a one year low of $53.44 and a one year high of $96.18. The company has a market cap of $739.19 billion, a P/E ratio of 37.76, a price-to-earnings-growth ratio of 4.41 and a beta of 0.55. The business has a fifty day moving average of $91.15 and a two-hundred day moving average of $81.37.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter last year, the business earned $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts predict that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Walmart

A number of institutional investors and hedge funds have recently modified their holdings of the company. FCG Investment Co increased its position in shares of Walmart by 7.4% in the fourth quarter. FCG Investment Co now owns 35,194 shares of the retailer’s stock valued at $3,180,000 after buying an additional 2,415 shares in the last quarter. Key Client Fiduciary Advisors LLC increased its holdings in Walmart by 10.6% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 40,497 shares of the retailer’s stock valued at $3,659,000 after acquiring an additional 3,882 shares in the last quarter. Secure Asset Management LLC raised its position in Walmart by 7.2% during the fourth quarter. Secure Asset Management LLC now owns 26,528 shares of the retailer’s stock worth $2,397,000 after acquiring an additional 1,784 shares during the last quarter. Red Door Wealth Management LLC lifted its holdings in shares of Walmart by 4.4% in the fourth quarter. Red Door Wealth Management LLC now owns 136,850 shares of the retailer’s stock valued at $12,364,000 after purchasing an additional 5,783 shares in the last quarter. Finally, Donoghue Forlines LLC grew its position in shares of Walmart by 15.6% in the fourth quarter. Donoghue Forlines LLC now owns 22,500 shares of the retailer’s stock valued at $2,033,000 after purchasing an additional 3,040 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on WMT. Wells Fargo & Company lifted their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, January 10th. Roth Mkm lifted their target price on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein raised their price objective on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Evercore ISI lifted their target price on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, Citigroup raised their price objective on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average target price of $94.49.

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.