Walmart (NYSE:WMT) Stock Price Down 1.4% – What’s Next?

Walmart Inc. (NYSE:WMT)’s stock price was down 1.4% on Monday . The company traded as low as $94.31 and last traded at $94.34. Approximately 5,469,486 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 16,866,137 shares. The stock had previously closed at $95.70.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WMT. Oppenheimer raised their price target on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Telsey Advisory Group boosted their price target on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Sanford C. Bernstein increased their price objective on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Jefferies Financial Group boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Two investment 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.27.

Walmart Stock Up 0.8 %

The business’s 50 day simple moving average is $85.00 and its 200 day simple moving average is $76.28. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $759.72 billion, a PE ratio of 38.81, a PEG ratio of 4.45 and a beta of 0.54.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter last year, the business posted $0.51 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current year.

Insider Activity at Walmart

In other news, major shareholder S Robson Walton sold 1,804,000 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $79.18, for a total value of $142,840,720.00. Following the sale, the insider now owns 605,979,318 shares of the company’s stock, valued at approximately $47,981,442,399.24. This represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the transaction, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,243,091 shares of company stock worth $257,591,179. Company insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

Institutional investors and hedge funds have recently modified their holdings of the business. Summit Financial Wealth Advisors LLC boosted its position in Walmart by 0.5% in the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after buying an additional 118 shares during the period. Providence Wealth Advisors LLC lifted its stake in Walmart by 0.3% in the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock worth $3,591,000 after acquiring an additional 122 shares during the period. 3Chopt Investment Partners LLC grew its holdings in Walmart by 0.4% during the 3rd quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock worth $2,635,000 after acquiring an additional 124 shares in the last quarter. CAP Partners LLC increased its position in Walmart by 2.1% during the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock valued at $489,000 after purchasing an additional 125 shares during the period. Finally, Investment Advisory Group LLC raised its holdings in shares of Walmart by 2.1% in the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after purchasing an additional 126 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

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.