Walmart (NYSE:WMT) Trading Down 1.1%

Shares of Walmart Inc. (NYSE:WMT) traded down 1.1% during trading on Tuesday . The company traded as low as $79.61 and last traded at $79.70. 4,460,049 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 17,322,848 shares. The stock had previously closed at $80.56.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Barclays increased their price objective on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Tigress Financial increased their price target on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Guggenheim upped their target price on Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Truist Financial raised their target price on Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.99.

Walmart Price Performance

The stock has a market cap of $631.24 billion, a P/E ratio of 34.18, a P/E/G ratio of 3.99 and a beta of 0.51. The business has a 50 day simple moving average of $72.73 and a 200-day simple moving average of $66.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.61 earnings per share. On average, sell-side analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $68.39, for a total transaction of $1,991,790.36. Following the transaction, the chief executive officer now owns 3,960,402 shares of the company’s stock, valued at approximately $270,851,892.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $68.39, for a total value of $1,991,790.36. Following the sale, the chief executive officer now directly owns 3,960,402 shares in the company, valued at approximately $270,851,892.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $68.20, for a total transaction of $895,125.00. Following the sale, the executive vice president now directly owns 645,540 shares in the company, valued at $44,025,828. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,203,360 shares of company stock valued at $788,678,803. Company insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

A number of hedge funds and other institutional investors have recently bought and sold shares of WMT. AHL Investment Management Inc. grew its stake in Walmart by 192.1% during the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after acquiring an additional 15,785 shares in the last quarter. Core Wealth Advisors Inc. raised its position 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 buying an additional 420 shares in the last quarter. Liberty Wealth Management LLC bought a new stake in Walmart during the first quarter valued at $270,000. Commerce Bank grew its position in Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after buying an additional 600,521 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Walmart by 290.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock worth $16,250,000 after acquiring an additional 200,947 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

About Walmart

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.