Walmart (NYSE:WMT) Stock Price Down 0.2% – Here’s What Happened

Shares of Walmart Inc. (NYSE:WMTGet Free Report) were down 0.2% during trading on Thursday . The stock traded as low as $89.76 and last traded at $90.15. Approximately 2,803,150 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 16,991,166 shares. The stock had previously closed at $90.35.

Wall Street Analyst Weigh In

A number of research firms have commented on WMT. Bank of America upped their price target on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Tigress Financial raised their target price on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Truist Financial boosted their price target on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group lifted their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, Royal Bank of Canada upped their target price on shares of Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and an average price target of $93.69.

Check Out Our Latest Stock Analysis on Walmart

Walmart Stock Up 0.9 %

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 firm has a 50-day simple moving average of $89.41 and a two-hundred day simple moving average of $79.63. The company has a market cap of $729.27 billion, a PE ratio of 37.26, a P/E/G ratio of 4.47 and a beta of 0.54.

Walmart (NYSE:WMTGet Free Report) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share 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 analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share. Research analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at $318,238,881.91. This represents a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the completion of the sale, the executive vice president now owns 457,493 shares in the company, valued at approximately $36,915,110.17. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,412 shares of company stock worth $12,478,116 over the last three months. 45.58% of the stock is owned by insiders.

Institutional Investors Weigh In On Walmart

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

About Walmart

(Get Free Report)

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.

Further Reading

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