Walmart (NYSE:WMT) Stock Price Down 0.2% – Time to Sell?

Walmart Inc. (NYSE:WMT)’s share price traded down 0.2% during trading on Tuesday . The company traded as low as $94.32 and last traded at $94.72. 3,949,054 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 16,841,316 shares. The stock had previously closed at $94.87.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. UBS Group boosted their price objective on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Guggenheim boosted their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Jefferies Financial Group boosted their price objective on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday. Truist Financial boosted their price objective on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, BMO Capital Markets boosted their price objective on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $93.69.

Walmart Trading Up 0.1 %

The company has a 50 day moving average price of $86.41 and a 200 day moving average price of $77.32. The firm has a market cap of $762.85 billion, a price-to-earnings ratio of 38.86, a price-to-earnings-growth ratio of 4.47 and a beta of 0.54. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the prior year, the company earned $0.51 EPS. Walmart’s revenue was up 5.5% on a year-over-year basis. On average, research analysts expect that Walmart Inc. will post 2.47 earnings per share for the current year.

Insider Buying and Selling

In other Walmart news, major shareholder S Robson Walton sold 359,616 shares of the company’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $78.25, for a total transaction of $28,139,952.00. Following the sale, the insider now owns 603,989,702 shares in the company, valued at $47,262,194,181.50. This represents a 0.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $92.47, for a total value of $277,410.00. Following the sale, the executive vice president now owns 375,165 shares in the company, valued at approximately $34,691,507.55. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 503,028 shares of company stock valued at $40,368,211. Corporate insiders own 45.58% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Summit Financial Wealth Advisors LLC increased its holdings in shares of Walmart by 0.5% in 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 during the last quarter. Providence Wealth Advisors LLC increased its holdings in shares of Walmart by 0.3% in the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after acquiring an additional 122 shares during the last quarter. 3Chopt Investment Partners LLC increased its holdings in shares of 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 acquiring an additional 124 shares during the last quarter. CAP Partners LLC increased its holdings in shares of Walmart by 2.1% in the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock valued at $489,000 after acquiring an additional 125 shares during the last quarter. Finally, Investment Advisory Group LLC increased its holdings in shares of Walmart by 2.1% in the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

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.