Walmart (NYSE:WMT) Trading Down 0.7% – Here’s What Happened

by · The Cerbat Gem

Walmart Inc. (NYSE:WMT – Get Free Report) shares fell 0.7% during mid-day trading on Tuesday . The stock traded as low as $90.45 and last traded at $90.78. 2,641,990 shares traded hands during trading, a decline of 75% from the average session volume of 10,554,076 shares. The stock had previously closed at $91.43.

Analyst Ratings Changes

A number of brokerages have recently commented on WMT. Morgan Stanley lifted their target price on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. KeyCorp upped their price target on Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Piper Sandler boosted their target price on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $93.95.

Check Out Our Latest Stock Analysis on WMT

Walmart Trading Up 0.9 %

The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $736.26 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 4.47 and a beta of 0.55. The firm has a 50-day moving average price of $89.97 and a 200-day moving average price of $80.21.

Walmart (NYSE:WMT – Get Free Report) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the company earned $0.51 EPS. Walmart’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that Walmart Inc. will post 2.47 EPS for the current year.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares in the company, valued at $318,238,881.91. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the sale, the executive vice president now owns 457,493 shares of the company’s stock, valued at $36,915,110.17. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,412 shares of company stock valued at $12,478,116 in the last three months. 45.58% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Walmart

Several hedge funds have recently modified their holdings of WMT. Brophy Wealth Management LLC bought a new position in Walmart in the third quarter worth $2,072,000. Bank of New Hampshire raised its holdings in shares of Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after buying an additional 5,786 shares in the last quarter. Iowa State Bank lifted its position in shares of Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after buying an additional 18,263 shares during the period. Fisher Asset Management LLC boosted its stake in Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after buying an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Walmart in the third quarter valued at $541,000. 26.76% of the stock is owned by institutional investors.

Walmart Company Profile

(Get Free Report)

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

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