Walmart (NYSE:WMT) Shares Up 0.1%

Walmart Inc. (NYSE:WMTGet Free Report)’s stock price traded up 0.1% during mid-day trading on Friday . The stock traded as high as $66.84 and last traded at $66.80. 1,672,566 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 18,161,646 shares. The stock had previously closed at $66.70.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on WMT. Barclays upped their price target on shares of Walmart from $60.00 to $66.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Royal Bank of Canada upped their target price on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. UBS Group lifted their price target on shares of Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. DA Davidson upped 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, Raymond James raised their price objective on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.94.

Read Our Latest Stock Report on WMT

Walmart Price Performance

The company’s 50 day moving average price is $62.33 and its 200-day moving average price is $58.05. The company has a market capitalization of $537.55 billion, a PE ratio of 28.59, a PEG ratio of 3.83 and a beta of 0.52. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMTGet Free Report) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the company earned $0.49 EPS. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts forecast that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Alice L. Walton sold 1,132,123 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the sale, the insider now owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Walmart news, major shareholder Alice L. Walton sold 1,250,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $66.11, for a total value of $82,637,500.00. Following the completion of the transaction, the insider now directly owns 640,532,611 shares of the company’s stock, valued at approximately $42,345,610,913.21. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The disclosure for this sale can be found here. In the last three months, insiders sold 13,236,499 shares of company stock valued at $866,761,345. Company insiders own 45.58% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Partnership Wealth Management LLC bought a new position in shares of Walmart during the fourth quarter worth about $30,000. Able Wealth Management LLC acquired a new stake in Walmart during the fourth quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Walmart during the fourth quarter valued at approximately $32,000. Signature Resources Capital Management LLC acquired a new stake in Walmart during the fourth quarter valued at approximately $35,000. Finally, Tidemark LLC acquired a new stake in Walmart during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

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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