Daniel J. Bartlett Sells 6,600 Shares of Walmart Inc. (NYSE:WMT) Stock

Walmart Inc. (NYSE:WMT – Get Rating) EVP Daniel J. Bartlett sold 6,600 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $147.78, for a total transaction of $975,348.00. Following the transaction, the executive vice president now owns 159,240 shares in the company, valued at $23,532,487.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Walmart Stock Down 1.0 %

Walmart stock opened at $146.16 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $394.24 billion, a PE ratio of 35.13, a PEG ratio of 4.32 and a beta of 0.48. The firm’s fifty day moving average is $148.72 and its 200 day moving average is $145.87. Walmart Inc. has a 12-month low of $117.90 and a 12-month high of $154.64.

Walmart (NYSE:WMT – Get Rating) last announced its quarterly earnings data on Thursday, May 18th. The retailer reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.15. Walmart had a return on equity of 21.30% and a net margin of 1.82%. The firm had revenue of $152.30 billion during the quarter, compared to analysts’ expectations of $147.91 billion. During the same quarter last year, the firm posted $1.30 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, sell-side analysts predict that Walmart Inc. will post 6.21 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on WMT shares. Morgan Stanley cut their price target on Walmart from $161.00 to $160.00 and set an “overweight” rating for the company in a research note on Wednesday, February 22nd. Truist Financial increased their target price on shares of Walmart from $160.00 to $166.00 in a research report on Friday, May 19th. UBS Group boosted their price target on Walmart from $168.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, April 6th. Citigroup increased their price objective on Walmart from $169.00 to $174.00 in a report on Friday, May 19th. Finally, StockNews.com began coverage on Walmart in a report on Thursday, May 18th. They issued a “strong-buy” rating for the company. Five investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $166.13.

Hedge Funds Weigh In On Walmart

Several large investors have recently bought and sold shares of WMT. Vanguard Group Inc. lifted its position in shares of Walmart by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 130,176,496 shares of the retailer’s stock worth $16,883,890,000 after buying an additional 1,832,388 shares in the last quarter. BlackRock Inc. boosted its position in Walmart by 2.9% in the third quarter. BlackRock Inc. now owns 96,570,711 shares of the retailer’s stock worth $12,525,224,000 after purchasing an additional 2,712,886 shares during the last quarter. State Street Corp grew its stake in Walmart by 1.2% in the 3rd quarter. State Street Corp now owns 60,659,193 shares of the retailer’s stock valued at $7,867,497,000 after purchasing an additional 701,415 shares during the period. Geode Capital Management LLC increased its position in shares of Walmart by 1.0% during the 1st quarter. Geode Capital Management LLC now owns 25,104,994 shares of the retailer’s stock valued at $3,691,763,000 after purchasing an additional 249,501 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its stake in shares of Walmart by 112,181.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 22,854,919 shares of the retailer’s stock worth $3,240,599,000 after purchasing an additional 22,834,564 shares during the period. 31.27% of the stock is currently owned by institutional investors.

Walmart Company Profile

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Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.