Walmart Inc. (NYSE:WMT – Get Free Report) shares were down 1.6% during mid-day trading on Monday following insider selling activity. The company traded as low as $90.13 and last traded at $90.21. Approximately 2,193,243 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 16,982,488 shares. The stock had previously closed at $91.66.
Specifically, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the sale, the executive vice president now owns 566,794 shares in the company, valued at approximately $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on WMT shares. Wells Fargo & Company lifted their target price on shares of Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Citigroup lifted their price target on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Tigress Financial increased their price objective on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Sanford C. Bernstein lifted their target price on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Two equities 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.69.
Walmart Stock Performance
The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The company has a fifty day moving average price of $88.60 and a 200 day moving average price of $78.99. The stock has a market cap of $725.74 billion, a P/E ratio of 37.08, a P/E/G ratio of 4.47 and a beta of 0.54.
Walmart (NYSE:WMT – Get Free Report) last announced 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the previous year, the business posted $0.51 EPS. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Walmart Inc. will post 2.47 EPS for the current year.
Institutional Investors Weigh In On Walmart
Institutional investors and hedge funds have recently made changes to their positions in the business. Peterson Financial Group Inc. bought a new stake in Walmart during the 3rd quarter worth approximately $26,000. Voisard Asset Management Group Inc. boosted its position in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares during the last quarter. Hoese & Co LLP bought a new stake in Walmart during the third quarter worth $33,000. Livelsberger Financial Advisory bought a new stake in Walmart during the third quarter worth $36,000. Finally, Hara Capital LLC purchased a new stake in Walmart in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.
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.
See Also
- Five stocks we like better than Walmart
- Following Congress Stock Trades
- Micron: Why Now Is the Time to Be Brave
- Using the MarketBeat Dividend Yield Calculator
- 3 Stocks That Wall Street Insiders Can’t Stop Buying
- Utilities Stocks Explained – How and Why to Invest in Utilities
- 3 Reasons Costco Stock Will Have More Room to Run in 2025
Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.