👀 Ones to watch: The MOST undervalued shares to buy right nowSee Undervalued Shares

Walmart executive vice president sells shares worth $166,624

Published 17/10/2024, 07:36 am
© Reuters
WMT
-

Bentonville, Ark.—Daniel J. Bartlett, Executive Vice President of Walmart Inc. (NYSE:WMT), recently sold 2,065 shares of the retail giant, according to a filing with the Securities and Exchange Commission. The shares were sold at a price of $80.69 each, totaling approximately $166,624.

This transaction was executed under a pre-arranged trading plan, known as a Rule 10b5-1 Plan, which was set up during an open trading window and disclosed earlier this year in a Form 8-K filing. Following the sale, Bartlett retains ownership of 457,492.869 shares in the company.

Walmart, headquartered in Bentonville, Arkansas, is one of the world’s largest retailers, operating a chain of hypermarkets, discount department stores, and grocery stores.

In other recent news, Walmart has been the focus of numerous analyst ratings and price target adjustments. TD Cowen maintains a Buy rating, emphasizing Walmart's edge in membership experience technology through its subsidiary, Sam's Club. KeyBanc Capital Markets has increased Walmart's price target from $82.00 to $86.00 due to the company's consistent growth in the grocery sector and U.S. e-commerce sales growth.

Oppenheimer has increased the price target for Walmart to $90.00, citing the company's potential to continue its global sales momentum and the benefits of automation. BofA Securities has raised its price target for Walmart to $95, reflecting the company's proactive approach to the holiday season. Piper Sandler maintains an Overweight rating on Walmart, based on insights from a Teen Survey indicating a strong brand perception among upper-income families.

The company's investments in Flipkart and PhonePe have been contributing positively to Walmart's international segment, enhancing growth and operating income. However, Walmart's Mexican subsidiary, Walmex, is currently under scrutiny by Mexico's antitrust authority, Cofece, over allegations of anti-competitive behavior. The outcome of this investigation could significantly impact Walmex's operations in Mexico.

Walmart is also expanding its pet care services in southern states such as Georgia and Arizona, aiming to provide affordable and convenient pet care solutions. The company is working towards achieving sustainability targets in partnership with Unilever (LON:ULVR), focusing on reducing greenhouse gas emissions and minimizing waste throughout the supply chain.

InvestingPro Insights

As Walmart's Executive Vice President Daniel J. Bartlett sells a portion of his shares, it's worth noting that the company's stock has been performing exceptionally well. According to InvestingPro data, Walmart has seen a robust 53.99% price total return over the past year, with an even more impressive 56.89% return year-to-date. This strong performance has pushed the stock to trade near its 52-week high, currently at 99.27% of that peak.

The company's financial health appears solid, with revenue reaching $665.03 billion in the last twelve months as of Q2 2025. Walmart has also demonstrated consistent dividend growth, with an InvestingPro Tip highlighting that the company has raised its dividend for 29 consecutive years. This commitment to shareholder returns is further underscored by a 9.21% dividend growth rate over the last twelve months.

Despite the positive momentum, investors should be aware that Walmart is trading at a high P/E ratio of 42.18, which is elevated relative to its near-term earnings growth. This valuation metric suggests that the stock may be priced at a premium, which could be a consideration for potential investors.

For those seeking a deeper analysis, InvestingPro offers 15 additional tips on Walmart, providing a comprehensive view of the company's financial position and market performance. These insights can be valuable for investors looking to make informed decisions in the dynamic retail sector.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.