Walmart (NYSE:WMT) Stock Price Down 0.3% After Insider Selling

Walmart Inc. (NYSE:WMT)’s stock price traded down 0.3% on Monday after an insider sold shares in the company. The company traded as low as $67.54 and last traded at $67.54. 2,017,448 shares changed hands during trading, a decline of 89% from the average session volume of 17,957,926 shares. The stock had previously closed at $67.71.

Specifically, CEO C Douglas Mcmillon sold 29,124 shares of the 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 sale, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director S Robson Walton sold 3,540,250 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $64.55, for a total transaction of $228,523,137.50. Following the completion of the transaction, the director now owns 648,504,011 shares of the company’s stock, valued at $41,860,933,910.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The disclosure for this sale can be found here. Insiders have sold 14,499,762 shares of company stock valued at $951,294,838 over the last three months. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. DA Davidson raised their target price on Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. UBS Group increased their price target on Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. JPMorgan Chase & Co. raised Walmart from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $66.00 to $81.00 in a research note on Monday, June 10th. Tigress Financial lifted their price target on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, The Goldman Sachs Group lifted their price target on Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Three research 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, Walmart has a consensus rating of “Moderate Buy” and an average target price of $70.41.

Walmart Trading Down 0.1 %

The company has a market capitalization of $543.82 billion, a price-to-earnings ratio of 28.90, a price-to-earnings-growth ratio of 3.91 and a beta of 0.50. The business has a fifty day moving average price of $64.07 and a 200 day moving average price of $59.41. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. Walmart’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.49 earnings per share. On average, equities analysts expect that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Institutional Trading of Walmart

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after acquiring an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD grew its position in Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after acquiring an additional 36,625,314 shares during the period. Norges Bank bought a new stake in Walmart in the fourth quarter valued at $3,674,652,000. Bank of New York Mellon Corp grew its position in Walmart by 183.0% in the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after acquiring an additional 18,865,484 shares during the period. Finally, Raymond James & Associates grew its position in Walmart by 212.6% in the first quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock valued at $844,514,000 after acquiring an additional 9,544,958 shares during the period. 26.76% of the stock is currently owned by institutional investors.

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.