Insider Selling: Walmart Inc (WMT) Insider Sells $277,488.75 in Stock
Walmart Inc (NYSE:WMT) insider Daniel J. Bartlett sold 2,883 shares of the business’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $96.25, for a total transaction of $277,488.75. Following the completion of the transaction, the insider now directly owns 86,381 shares in the company, valued at $8,314,171.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of WMT opened at $94.95 on Friday. Walmart Inc has a twelve month low of $77.50 and a twelve month high of $109.98. The stock has a market cap of $283.41 billion, a PE ratio of 21.48, a P/E/G ratio of 3.40 and a beta of 0.52. The company has a current ratio of 0.93, a quick ratio of 0.34 and a debt-to-equity ratio of 0.70.
Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.07. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The firm had revenue of $127.06 billion for the quarter, compared to analysts’ expectations of $124.67 billion. During the same period in the prior year, the business posted $1.08 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. sell-side analysts predict that Walmart Inc will post 4.75 earnings per share for the current fiscal year.
WMT has been the topic of a number of research reports. Morningstar set a $90.00 price objective on Walmart and gave the company a “neutral” rating in a research note on Thursday. Royal Bank of Canada restated a “neutral” rating and issued a $101.00 price objective on shares of Walmart in a research note on Thursday. Oppenheimer set a $100.00 price objective on Walmart and gave the company a “neutral” rating in a research note on Wednesday. Morgan Stanley set a $98.00 price objective on Walmart and gave the company a “neutral” rating in a research note on Wednesday. Finally, Jefferies Financial Group restated a “buy” rating and issued a $112.00 price objective on shares of Walmart in a research note on Monday, August 20th. Nineteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $100.89.
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
Featured Article: Outstanding Shares and The Effect on Share Price
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.