Walmart (NYSE:WMT) Shares Up 0.8%

Walmart Inc. (NYSE:WMTGet Free Report) was up 0.8% during trading on Monday . The company traded as high as $65.69 and last traded at $65.38. Approximately 11,795,000 shares traded hands during trading, a decline of 37% from the average daily volume of 18,698,967 shares. The stock had previously closed at $64.84.

Wall Street Analyst Weigh In

Several research firms recently weighed in on WMT. Bank of America boosted their target price on Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Barclays upped their price objective on shares of Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Raymond James lifted their target price on shares of Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. JPMorgan Chase & Co. upped their price target on shares of Walmart from $54.33 to $58.67 and gave the company a “neutral” rating in a report on Monday, February 19th. Finally, TD Cowen lifted their price objective on Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Four analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $68.01.

Check Out Our Latest Stock Report on Walmart

Walmart Stock Down 0.5 %

The stock has a market capitalization of $524.10 billion, a P/E ratio of 27.83, a P/E/G ratio of 3.77 and a beta of 0.49. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The firm’s fifty day moving average is $60.91 and its 200-day moving average is $57.01.

Walmart (NYSE:WMTGet Free Report) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. Walmart’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts predict that Walmart Inc. will post 2.42 earnings per share for the current year.

Insider Activity

In related news, Director S Robson Walton sold 1,570,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $58.74, for a total transaction of $92,221,800.00. Following the transaction, the director now owns 654,825,261 shares in the company, valued at approximately $38,464,435,831.14. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director S Robson Walton sold 1,570,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $58.74, for a total value of $92,221,800.00. Following the completion of the transaction, the director now owns 654,825,261 shares in the company, valued at approximately $38,464,435,831.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the transaction, the insider now owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,205,908 shares of company stock worth $517,296,259. 45.58% of the stock is owned by corporate insiders.

Institutional Trading of Walmart

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Valley Brook Capital Group Inc. boosted its stake in Walmart by 4.2% in the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after acquiring an additional 315 shares during the last quarter. Motco grew its stake in shares of Walmart by 1.3% during the fourth quarter. Motco now owns 58,301 shares of the retailer’s stock worth $9,191,000 after purchasing an additional 726 shares during the period. Gordian Advisors LLC increased its holdings in Walmart by 231.2% in the first quarter. Gordian Advisors LLC now owns 4,868 shares of the retailer’s stock valued at $293,000 after purchasing an additional 3,398 shares during the last quarter. Oak Family Advisors LLC lifted its stake in Walmart by 201.4% in the first quarter. Oak Family Advisors LLC now owns 112,816 shares of the retailer’s stock valued at $6,788,000 after buying an additional 75,383 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in Walmart by 24.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock worth $12,351,000 after buying an additional 15,448 shares during the last quarter. 26.76% of the stock is 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.

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