Insider Selling: Walmart (NASDAQ:WMT) EVP Sells $167,212.50 in Stock

Walmart Inc. (NASDAQ:WMTGet Free Report) EVP Daniel Bartlett sold 1,250 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $133.77, for a total value of $167,212.50. Following the completion of the sale, the executive vice president owned 635,593 shares of the company’s stock, valued at approximately $85,023,275.61. This represents a 0.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Walmart Stock Down 2.5%

Shares of WMT opened at $130.85 on Thursday. The company has a quick ratio of 0.24, a current ratio of 0.79 and a debt-to-equity ratio of 0.38. The company has a market cap of $1.04 trillion, a PE ratio of 47.76, a P/E/G ratio of 4.96 and a beta of 0.65. Walmart Inc. has a 52-week low of $93.43 and a 52-week high of $135.15. The business has a fifty day moving average of $126.91 and a 200 day moving average of $119.89.

Walmart (NASDAQ:WMTGet Free Report) last announced its quarterly earnings data on Thursday, February 19th. The retailer reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The business had revenue of $190.66 billion during the quarter, compared to the consensus estimate of $188.37 billion. Walmart had a net margin of 3.07% and a return on equity of 21.44%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.66 earnings per share. On average, sell-side analysts expect that Walmart Inc. will post 2.89 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on WMT shares. Roth Mkm reissued a “buy” rating and issued a $138.00 price objective on shares of Walmart in a research note on Friday, February 20th. Argus upgraded Walmart to a “strong-buy” rating in a research report on Wednesday, February 18th. Oppenheimer reiterated an “outperform” rating and set a $140.00 target price (up from $125.00) on shares of Walmart in a research report on Monday, February 9th. Guggenheim lifted their target price on Walmart from $120.00 to $137.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Finally, Craig Hallum set a $150.00 target price on Walmart in a research report on Friday, March 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Buy” and a consensus price target of $138.88.

Read Our Latest Report on WMT

Trending Headlines about Walmart

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Institutional Trading of Walmart

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in shares of Walmart during the 4th quarter worth approximately $6,458,529,000. AQR Capital Management LLC raised its stake in shares of Walmart by 188.1% during the 3rd quarter. AQR Capital Management LLC now owns 11,663,172 shares of the retailer’s stock worth $1,199,907,000 after acquiring an additional 7,614,172 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Walmart by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 103,010,709 shares of the retailer’s stock worth $11,426,753,000 after acquiring an additional 6,517,394 shares in the last quarter. Capital International Investors acquired a new position in shares of Walmart during the fourth quarter worth $592,848,000. Finally, Vanguard Group Inc. increased its position in shares of Walmart by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 439,957,146 shares of the retailer’s stock worth $49,015,626,000 after purchasing an additional 4,304,436 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

About Walmart

(Get Free Report)

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.

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Insider Buying and Selling by Quarter for Walmart (NASDAQ:WMT)

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