Walmart Target of Unusually High Options Trading (NYSE:WMT)

Walmart Inc. (NYSE:WMTGet Free Report) was the target of unusually large options trading activity on Friday. Investors purchased 108,772 call options on the company. This is an increase of approximately 12% compared to the typical daily volume of 96,807 call options.

Analyst Ratings Changes

A number of research analysts recently issued reports on WMT shares. Stifel Europe upped their target price on shares of Walmart from $56.33 to $58.33 in a research note on Friday, February 16th. Barclays upped their price objective on shares of Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Stifel Nicolaus lifted their target price on Walmart from $65.00 to $69.00 and gave the stock a “hold” rating in a report on Friday, May 17th. DA Davidson increased their price target on Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Finally, Citigroup raised their price target on Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Four research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.32.

View Our Latest Research Report on WMT

Insider Buying and Selling

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the sale, the executive vice president now directly owns 521,613 shares in the company, valued at $30,816,896.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the transaction, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 1,250,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $66.11, for a total transaction of $82,637,500.00. Following the completion of the transaction, the insider now owns 640,532,611 shares in the company, valued at $42,345,610,913.21. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,906,725 shares of company stock valued at $642,307,702. 45.58% of the stock is owned by company insiders.

Institutional Trading of Walmart

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

Walmart Price Performance

NYSE WMT opened at $65.88 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $530.86 billion, a P/E ratio of 28.19, a PEG ratio of 3.88 and a beta of 0.52. The company has a 50-day moving average price of $61.75 and a 200-day moving average price of $57.63. Walmart has a 52 week low of $49.85 and a 52 week high of $67.57.

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

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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