Walmart Inc. (NYSE:) Executive Vice President Daniel J. Bartlett recently sold 2,250 shares of the company’s stock, totaling over $166,500. The transaction, which took place on August 15, 2024, was conducted at a price of $74.00 per share. After the sale, Bartlett still owns a significant amount of Walmart stock, as there are 461,620,869 shares still in his possession.
The sale was made pursuant to a pre-determined trading plan, known as a Rule 10b5-1 plan, which allows company insiders to sell shares at a set time to avoid allegations of insider trading. This particular plan was created during an open trading window and had previously been disclosed to the public in a Form 8-K filed by Walmart on March 28, 2024.
Investors often monitor insider transactions because they can provide insight into executives’ views on the company’s current valuation and future prospects. The details of the transaction, including the exact number of shares and the prices at which the sale was effected, are available upon request from the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission.
The recent sale by Bartlett is a notable transaction by a high-ranking Walmart executive and provides investors with data to consider when evaluating their positions in the retail giant. Walmart’s stock performance and insider transactions continue to be closely watched by the market for clues about the company’s financial health and executive confidence.
In other recent news, Walmart Inc. was the subject of several positive analyst comments following impressive second-quarter results. KeyBanc maintained an “Overweight” rating on the company’s shares, highlighting Walmart’s market share gains and strategic growth initiatives. The firm also pointed to the upward revision to the retailer’s 2024 forecast, reflecting strong performance in the first half of the year.
TD Cowen continued to show confidence in Walmart, raising its price target to $85 from $80 while maintaining a Buy rating. This adjustment was based on revised model estimates for the company. Meanwhile, BMO Capital Markets reiterated its Outperform rating on Walmart, highlighting the company’s e-commerce profitability and solid sales growth.
Piper Sandler also adjusted its outlook on Walmart, raising its price target from $81 to $83, citing the company’s strong second-quarter performance and raised guidance for fiscal 2025. Likewise, Baird raised its price target on Walmart from $70 to $82, highlighting the significant contributions of digital sales and high-margin revenue streams to the company’s successful second quarter. Finally, RBC Capital raised its price target on Walmart from $74 to $80, but maintained an “outperform” rating, reflecting a positive view of the company’s future earnings potential. These are recent developments that mark a promising trajectory for the retail giant.
InvestingPro Insights
Walmart Inc. (NYSE:WMT)’s recent insider share sale coincides with a period of remarkable financial metrics and market performance. InvestingPro’s data shows a robust market capitalization of $589.11 billion, reflecting the company’s sizable presence in the retail sector. Despite the high price-to-earnings (P/E) ratio of 38.06, which suggests a premium valuation, the company has posted solid revenue growth of 5.43% over the past twelve months (as of Q2 2025).
Investors may find it interesting to note that Walmart has delivered a sizeable 7.7% return over the past week, which is consistent with a tip from InvestingPro that suggests strong returns over the past decade. Additionally, the company’s commitment to shareholder returns is evidenced by its impressive track record of maintaining dividend payments for 52 consecutive years. Not only has this streak continued, but it has also resulted in dividend growth of 9.21% over the same period. This commitment to dividends is a crucial aspect for investors looking for stable income streams, especially in a retail landscape that can be affected by economic cycles and consumer spending habits.
For those considering investment opportunities, it’s worth noting that Walmart is trading near its 52-week high, at 98.67% of that threshold. This could indicate that investors have confidence in the company’s performance and potential. However, with the stock in overbought territory according to the Relative Strength Index (RSI), as another InvestingPro tip highlights, potential investors should consider market technicals in addition to fundamental analysis.
For more detailed analysis and additional InvestingPro tips on Walmart, interested parties can explore the full range of information available on InvestingPro, where 16 more tips on this retail giant are currently listed.
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