Walmart (NYSE:WMT) Stock Price Down 0.3% – Here’s What Happened

Walmart Inc. (NYSE:WMT) traded down 0.3% during trading on Tuesday . The company traded as low as $82.32 and last traded at $82.54. 1,427,979 shares were traded during mid-day trading, a decline of 92% from the average session volume of 16,871,592 shares. The stock had previously closed at $82.75.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Melius Research assumed coverage on Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 target price on the stock. Oppenheimer upped their target price on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Guggenheim upped their target price on Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a research report on Monday. Evercore ISI upped their target price on Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, KeyCorp boosted their price target on Walmart from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Monday. One analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Walmart presently has an average rating of “Buy” and a consensus price target of $83.83.

Walmart Trading Down 0.3 %

The company has a 50 day moving average of $79.54 and a 200 day moving average of $70.86. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a market capitalization of $654.55 billion, a price-to-earnings ratio of 42.41, a P/E/G ratio of 4.13 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same period in the prior year, the company earned $0.61 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. On average, research analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.

Insider Activity at Walmart

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the sale, the insider now directly owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,334,337 shares of company stock valued at $958,577,287. 45.58% of the stock is owned by insiders.

Institutional Trading of Walmart

Several large investors have recently added to or reduced their stakes in WMT. Successful Portfolios LLC grew its holdings in Walmart by 237.3% in the 1st quarter. Successful Portfolios LLC now owns 42,524 shares of the retailer’s stock valued at $2,559,000 after buying an additional 29,918 shares in the last quarter. Oak Asset Management LLC grew its holdings in shares of Walmart by 200.0% during the 1st quarter. Oak Asset Management LLC now owns 13,893 shares of the retailer’s stock worth $836,000 after purchasing an additional 9,262 shares during the period. Pettinga Financial Advisors LLC grew its holdings in shares of Walmart by 200.4% during the 1st quarter. Pettinga Financial Advisors LLC now owns 6,092 shares of the retailer’s stock worth $367,000 after purchasing an additional 4,064 shares during the period. Seaside Wealth Management Inc. grew its holdings in shares of Walmart by 200.0% during the 1st quarter. Seaside Wealth Management Inc. now owns 5,763 shares of the retailer’s stock worth $347,000 after purchasing an additional 3,842 shares during the period. Finally, Chapin Davis Inc. grew its holdings in shares of Walmart by 221.8% during the 1st quarter. Chapin Davis Inc. now owns 17,450 shares of the retailer’s stock worth $1,050,000 after purchasing an additional 12,028 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

About Walmart

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.