Walmart Inc. (NYSE:WMT - Get Free Report) EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the transaction, the executive vice president now owns 459,558 shares of the company's stock, valued at approximately $37,113,904.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Walmart Price Performance
WMT opened at $79.03 on Thursday. The company's 50 day simple moving average is $73.07 and its 200 day simple moving average is $66.57. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart Inc. has a 1 year low of $49.85 and a 1 year high of $81.02. The stock has a market capitalization of $635.68 billion, a PE ratio of 33.77, a P/E/G ratio of 4.03 and a beta of 0.51.
Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the firm posted $0.61 earnings per share. Walmart's revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, sell-side analysts expect that Walmart Inc. will post 2.44 EPS for the current year.
Analyst Upgrades and Downgrades
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WMT has been the subject of a number of research analyst reports. Morgan Stanley increased their price target on shares of Walmart from $75.00 to $82.00 and gave the company an "overweight" rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Walmart from $77.00 to $83.00 and gave the company a "buy" rating in a report on Friday, August 16th. UBS Group raised their target price on shares of Walmart from $74.00 to $81.00 and gave the company a "buy" rating in a report on Friday, August 16th. Piper Sandler restated an "overweight" rating and set a $83.00 target price (up from $81.00) on shares of Walmart in a report on Friday, August 16th. Finally, HSBC raised their target price on shares of Walmart from $70.00 to $81.00 and gave the company a "buy" rating in a report on Tuesday, June 11th. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Walmart has a consensus rating of "Moderate Buy" and an average target price of $78.99.
View Our Latest Stock Analysis on WMT
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the business. AHL Investment Management Inc. raised its stake in shares of Walmart by 192.1% during the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer's stock valued at $1,444,000 after purchasing an additional 15,785 shares during the period. Core Wealth Advisors Inc. increased its stake in shares of Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer's stock worth $237,000 after buying an additional 420 shares during the last quarter. Liberty Wealth Management LLC bought a new stake in shares of Walmart in the first quarter worth $270,000. Commerce Bank increased its stake in shares of Walmart by 189.4% in the first quarter. Commerce Bank now owns 917,625 shares of the retailer's stock worth $55,213,000 after buying an additional 600,521 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Walmart by 290.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer's stock worth $16,250,000 after purchasing an additional 200,947 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.
Walmart Company Profile
(
Get Free Report)
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.
Further Reading
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