Walmart (NYSE:WMT) Shares Down 1.5% on Insider Selling

Walmart Inc. (NYSE:WMT)’s share price traded down 1.5% on Monday following insider selling activity. The company traded as low as $67.10 and last traded at $67.45. 6,097,679 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 17,300,340 shares. The stock had previously closed at $68.46.

Specifically, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $65.23, for a total transaction of $1,899,758.52. Following the completion of the transaction, the chief executive officer now directly owns 3,989,526 shares of the company’s stock, valued at approximately $260,236,780.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.23, for a total transaction of $1,899,758.52. Following the sale, the chief executive officer now owns 3,989,526 shares of the company’s stock, valued at approximately $260,236,780.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.60, for a total value of $926,625.00. Following the transaction, the executive vice president now directly owns 632,415 shares in the company, valued at $44,648,499. The disclosure for this sale can be found here. Insiders sold a total of 14,540,863 shares of company stock worth $954,455,147 in the last three months. 45.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WMT shares. Morgan Stanley boosted their target price on Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. KeyCorp boosted their price objective on Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. TD Cowen raised their target price on Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Citigroup boosted their price target on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Truist Financial upped their price target on shares of Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.09.

Walmart Trading Down 1.2 %

The company has a market capitalization of $538.19 billion, a P/E ratio of 28.63, a price-to-earnings-growth ratio of 3.95 and a beta of 0.50. The company has a fifty day simple moving average of $68.33 and a two-hundred day simple moving average of $62.60. 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 posted its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. During the same period in the previous year, the company earned $0.49 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts forecast that Walmart Inc. will post 2.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Angeles Wealth Management LLC increased its holdings in shares of Walmart by 16.1% during the 2nd quarter. Angeles Wealth Management LLC now owns 12,173 shares of the retailer’s stock worth $824,000 after purchasing an additional 1,691 shares during the period. Carson Advisory Inc. raised its position in Walmart by 7.7% in the 2nd quarter. Carson Advisory Inc. now owns 10,921 shares of the retailer’s stock valued at $739,000 after purchasing an additional 777 shares during the last quarter. MGO One Seven LLC raised its holdings in shares of Walmart by 0.9% in the second quarter. MGO One Seven LLC now owns 72,582 shares of the retailer’s stock valued at $4,915,000 after buying an additional 654 shares during the last quarter. AMJ Financial Wealth Management raised its stake in shares of Walmart by 2.1% in the second quarter. AMJ Financial Wealth Management now owns 55,161 shares of the retailer’s stock worth $3,735,000 after acquiring an additional 1,119 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. lifted its holdings in Walmart by 2.5% during the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 292,078 shares of the retailer’s stock worth $19,777,000 after buying an additional 7,222 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

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.