Walmart (NYSE:WMT) Shares Down 0.1% – Here’s What Happened

Walmart Inc. (NYSE:WMT) dropped 0.1% on Tuesday . The stock traded as low as $90.36 and last traded at $90.45. Approximately 1,801,504 shares changed hands during trading, a decline of 89% from the average daily volume of 16,952,740 shares. The stock had previously closed at $90.57.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WMT. Stifel Nicolaus raised their price target on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Piper Sandler raised their target price on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Citigroup lifted their price target on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. TD Cowen increased their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, UBS Group boosted their target price on Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.69.

Walmart Stock Performance

The firm has a market cap of $724.53 billion, a price-to-earnings ratio of 37.01, a P/E/G ratio of 4.47 and a beta of 0.54. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a fifty day simple moving average of $88.60 and a two-hundred day simple moving average of $78.99.

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

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the transaction, the executive vice president now owns 457,493 shares of the company’s stock, valued at approximately $36,915,110.17. This represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,412 shares of company stock valued at $12,478,116 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Consolidated Portfolio Review Corp grew its holdings in shares of Walmart by 5.7% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 4,622 shares of the retailer’s stock worth $313,000 after purchasing an additional 248 shares during the period. Financial Counselors Inc. increased its position in shares of Walmart by 1.4% during the second quarter. Financial Counselors Inc. now owns 941,014 shares of the retailer’s stock valued at $63,716,000 after acquiring an additional 12,604 shares during the last quarter. LCM Capital Management Inc raised its stake in shares of Walmart by 1.7% in the 2nd quarter. LCM Capital Management Inc now owns 30,045 shares of the retailer’s stock valued at $2,034,000 after acquiring an additional 496 shares during the period. Union Savings Bank lifted its holdings in shares of Walmart by 26.0% in the 2nd quarter. Union Savings Bank now owns 873 shares of the retailer’s stock worth $59,000 after acquiring an additional 180 shares during the last quarter. Finally, Elevated Capital Advisors LLC purchased a new position in shares of Walmart during the 2nd quarter worth approximately $209,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

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.