Walmart Inc. (NYSE:WMT – Get Free Report)’s stock price rose 1.2% on Friday . The company traded as high as $94.76 and last traded at $94.94. Approximately 3,574,030 shares were traded during trading, a decline of 75% from the average daily volume of 14,491,119 shares. The stock had previously closed at $93.81.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on WMT shares. Morgan Stanley lifted their price objective on shares of Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Sanford C. Bernstein boosted their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. DZ Bank cut shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target for the company. in a research note on Thursday, November 21st. BMO Capital Markets boosted their price objective on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Finally, Evercore ISI raised their target price on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.69.
Check Out Our Latest Research Report on Walmart
Walmart Price Performance
Walmart (NYSE:WMT – Get Free Report) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 earnings per share. As a group, equities research analysts expect that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Walmart news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the transaction, the director now directly owns 7,805 shares in the company, valued at $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 140,177 shares of company stock worth $12,895,688. 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. Beaird Harris Wealth Management LLC boosted its holdings in shares of Walmart by 44.8% during the 2nd quarter. Beaird Harris Wealth Management LLC now owns 2,726 shares of the retailer’s stock valued at $185,000 after acquiring an additional 843 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in Walmart in the second quarter valued at about $45,264,000. Arkos Global Advisors boosted its stake in shares of Walmart by 7.8% during the second quarter. Arkos Global Advisors now owns 22,184 shares of the retailer’s stock valued at $1,502,000 after purchasing an additional 1,605 shares in the last quarter. Kathmere Capital Management LLC grew its holdings in shares of Walmart by 14.8% during the second quarter. Kathmere Capital Management LLC now owns 44,866 shares of the retailer’s stock worth $3,038,000 after purchasing an additional 5,769 shares during the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of Walmart in the second quarter valued at approximately $270,000. 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.
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