Walmart (NYSE:WMT) Trading Down 1.3% – Should You Sell?

Walmart Inc. (NYSE:WMT)’s share price fell 1.3% during trading on Monday . The stock traded as low as $91.56 and last traded at $91.76. 3,483,063 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 12,263,505 shares. The stock had previously closed at $93.00.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Royal Bank of Canada upped their target price on Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Tigress Financial increased their price objective on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Wells Fargo & Company boosted their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Finally, Piper Sandler raised their price objective on shares of Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Two 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 stock. Based on data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average price target of $94.08.

Walmart Stock Down 1.6 %

The company has a market cap of $735.30 billion, a price-to-earnings ratio of 37.56, a P/E/G ratio of 4.47 and a beta of 0.55. The firm has a 50-day moving average price of $90.38 and a 200 day moving average price of $80.63. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last released its quarterly earnings results 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the previous year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts predict that Walmart Inc. will post 2.47 EPS for the current year.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction on 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. The trade was a 0.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 566,794 shares of the company’s stock, 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. Insiders have sold a total of 140,412 shares of company stock valued at $12,478,116 in the last ninety days. 45.58% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Zions Bancorporation N.A. grew its stake in Walmart by 3.9% in the 2nd quarter. Zions Bancorporation N.A. now owns 5,789 shares of the retailer’s stock valued at $392,000 after purchasing an additional 215 shares during the period. William Blair Investment Management LLC boosted its stake in Walmart by 307.8% in the second quarter. William Blair Investment Management LLC now owns 202,506 shares of the retailer’s stock valued at $13,712,000 after acquiring an additional 152,845 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Walmart by 13.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,345,129 shares of the retailer’s stock valued at $429,629,000 after acquiring an additional 732,313 shares during the period. Inspire Advisors LLC raised its stake in Walmart by 4.0% in the 2nd quarter. Inspire Advisors LLC now owns 6,540 shares of the retailer’s stock valued at $443,000 after acquiring an additional 249 shares during the period. Finally, Lyell Wealth Management LP boosted its position in Walmart by 1,177.0% during the second quarter. Lyell Wealth Management LP now owns 74,156 shares of the retailer’s stock worth $5,021,000 after purchasing an additional 68,349 shares during the period. 26.76% of the stock is owned by institutional investors.

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.