Walmart (NYSE:WMT) Trading Down 0%

Shares of Walmart Inc. (NYSE:WMT) fell 0% during mid-day trading on Wednesday . The company traded as low as $69.85 and last traded at $69.89. 2,086,582 shares were traded during mid-day trading, a decline of 88% from the average session volume of 17,653,781 shares. The stock had previously closed at $69.90.

Analyst Ratings Changes

A number of research firms recently issued reports on WMT. Roth Mkm increased their price target on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Monday, May 20th. 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. Evercore ISI upped their price objective on shares of Walmart from $72.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Finally, Robert W. Baird upped their price objective on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average price target of $70.83.

Walmart Stock Down 0.1 %

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 company has a market cap of $561.60 billion, a PE ratio of 29.91, a PEG ratio of 4.02 and a beta of 0.50. The company’s fifty day moving average is $65.33 and its 200-day moving average is $60.26.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.49 earnings per share. On average, analysts predict that Walmart Inc. will post 2.43 EPS for the current year.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the transaction, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the completion of the transaction, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $67.58, for a total transaction of $1,728,561.24. Following the transaction, the executive vice president now directly owns 390,165 shares of the company’s stock, valued at $26,367,350.70. The disclosure for this sale can be found here. Insiders sold 14,525,340 shares of company stock valued at $953,023,399 in the last three months. Corporate insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after buying an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after buying an additional 36,625,314 shares in the last quarter. Norges Bank bought a new stake in Walmart during the 4th quarter valued at about $3,674,652,000. Bank of New York Mellon Corp lifted its holdings in Walmart by 183.0% during the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after buying an additional 18,865,484 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in Walmart by 212.6% during the 1st quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock valued at $844,514,000 after buying an additional 9,544,958 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other 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.