Walmart (NYSE:WMT) Trading Down 0.2%

Walmart Inc. (NYSE:WMT)’s share price was down 0.2% during mid-day trading on Thursday . The company traded as low as $68.01 and last traded at $68.13. Approximately 1,825,934 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 17,990,516 shares. The stock had previously closed at $68.29.

Analyst Upgrades and Downgrades

WMT has been the topic of several research reports. KeyCorp boosted their target price on Walmart from $63.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Royal Bank of Canada increased their target price on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. DA Davidson lifted their price target on shares of Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Tigress Financial increased their price objective on shares of Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, Oppenheimer lifted their target price on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $69.97.

Walmart Price Performance

The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $544.87 billion, a P/E ratio of 28.99, a P/E/G ratio of 3.92 and a beta of 0.52. The company has a 50 day moving average of $64.07 and a 200-day moving average of $59.29.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. Walmart’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.49 earnings per share. On average, sell-side analysts predict that Walmart Inc. will post 2.42 EPS for the current year.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the transaction, the chief executive officer now directly owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the transaction, the chief executive officer now owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director S Robson Walton sold 3,540,250 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $64.55, for a total value of $228,523,137.50. Following the sale, the director now owns 648,504,011 shares of the company’s stock, valued at $41,860,933,910.05. The disclosure for this sale can be found here. Insiders sold 14,502,762 shares of company stock valued at $951,475,618 in the last three months. Corporate insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AHL Investment Management Inc. grew its holdings in Walmart by 192.1% during the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after acquiring an additional 15,785 shares during the last quarter. Valley Brook Capital Group Inc. grew its stake in shares of Walmart by 4.2% in the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after purchasing an additional 315 shares during the last quarter. Core Wealth Advisors Inc. grew its stake in shares of Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after purchasing an additional 420 shares during the last quarter. Motco increased its holdings in Walmart by 1.3% in the fourth quarter. Motco now owns 58,301 shares of the retailer’s stock valued at $9,191,000 after purchasing an additional 726 shares during the period. Finally, Gordian Advisors LLC lifted its holdings in Walmart by 231.2% during the 1st quarter. Gordian Advisors LLC now owns 4,868 shares of the retailer’s stock worth $293,000 after buying an additional 3,398 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Company Profile

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.