BENTONVILLE, Ark.—Daniel J. Bartlett, Executive Vice President of Walmart Inc. (NYSE:WMT), has sold $166,845 worth of the company's stock, according to a recent SEC filing. The transaction involved the sale of 1,765 shares at a price of $94.53 per share, executed on December 16, 2024. The sale comes as Walmart trades near its 52-week high of $96.18, with the stock showing remarkable strength, up over 88% in the past year according to InvestingPro data. Following this sale, Bartlett retains ownership of 453,757.869 shares in the retail giant.
This sale was conducted under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling company stock. The plan was established during an open trading window and was previously disclosed by Walmart on a Form 8-K filing in March 2024.
In other recent news, Walmart has been making significant strides in the retail sector. Tigress Financial Partners raised Walmart's target to $115, maintaining a Buy rating, while Bernstein reaffirmed an Outperform rating on the retail giant. KeyBanc Capital Markets and RBC Capital Markets also maintained a positive stance, raising their price targets to $100 and $105, respectively. Piper Sandler confirmed an Overweight rating, maintaining a price target of $93.
These recent developments indicate a robust financial performance by Walmart, with its annual revenue reaching $673.8 billion. The company's market share gains have been attributed to significant progress in e-commerce and advertising initiatives. Walmart's recent acquisition of consumer electronics company VIZIO for $2.3 billion, aimed at enhancing its advertising business, Walmart Connect, has also drawn attention.
Walmart's technological advancements include a personal shopping assistant currently in beta testing and the deployment of a general AI tool, My Assistant, to all U.S. home office associates. The company's aggressive pricing strategy, leveraging AI investments, has led to little comparable inflation in the U.S.
Walmart and Amazon.com (NASDAQ:AMZN) reported record-breaking sales during the holiday season, outperforming competitors like Target (NYSE:TGT) and Best Buy (NYSE:BBY). Kathryn McLay, Walmart's Executive Vice President, President, and CEO of Walmart International, established a prearranged stock trading plan, selling 4,000 shares of Walmart common stock monthly from March 2025 through December 2025. These are the latest developments in the retail sector.
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