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.

Several institutional investors and hedge funds have recently made changes to their positions in WMT. Brandywine Global Investment Management LLC grew its holdings in shares of Walmart by 3.0% during the fourth quarter. Brandywine Global Investment Management LLC now owns 2,733,519 shares of the retailer’s stock worth $269,936,000 after purchasing an additional 80,133 shares in the last quarter. Kemnay Advisory Services Inc. grew its holdings in shares of Walmart by 27.3% during the fourth quarter. Kemnay Advisory Services Inc. now owns 13,272 shares of the retailer’s stock worth $1,311,000 after purchasing an additional 2,845 shares in the last quarter. Jafra Capital Management LP grew its holdings in shares of Walmart by 63.7% during the fourth quarter. Jafra Capital Management LP now owns 115,093 shares of the retailer’s stock worth $11,365,000 after purchasing an additional 44,803 shares in the last quarter. Virtue Capital Management LLC purchased a new position in shares of Walmart during the fourth quarter worth about $180,000. Finally, Stone Ridge Asset Management LLC purchased a new position in shares of Walmart during the fourth quarter worth about $17,483,000. Hedge funds and other institutional investors own 29.45% of the company’s stock.

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.

About Walmart

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.

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