Walmart (NYSE:WMT) Trading Up 0.2%

Walmart Inc. (NYSE:WMT)’s share price was up 0.2% on Monday . The stock traded as high as $76.06 and last traded at $75.86. Approximately 1,935,601 shares traded hands during trading, a decline of 89% from the average daily volume of 17,448,846 shares. The stock had previously closed at $75.70.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on WMT shares. DA Davidson boosted their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Guggenheim boosted their price target on shares of Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. BMO Capital Markets restated an “outperform” rating and set a $80.00 price target on shares of Walmart in a report on Friday, August 16th. Citigroup lifted their price objective on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, Jefferies Financial Group boosted their target price on shares of Walmart from $77.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.64.

Walmart Stock Up 0.4 %

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 firm has a market capitalization of $611.55 billion, a PE ratio of 32.42, a PEG ratio of 3.79 and a beta of 0.50. The company’s 50 day simple moving average is $69.68 and its 200-day simple moving average is $64.09.

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

Insider Transactions at Walmart

In related news, Director S Robson Walton sold 1,562,239 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $65.00, for a total transaction of $101,545,535.00. Following the transaction, the director now owns 642,949,611 shares of the company’s stock, valued at approximately $41,791,724,715. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director S Robson Walton sold 1,562,239 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $65.00, for a total transaction of $101,545,535.00. Following the transaction, the director now owns 642,949,611 shares of the company’s stock, valued at approximately $41,791,724,715. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the transaction, the executive vice president now directly owns 387,165 shares in the company, valued at approximately $26,787,946.35. The disclosure for this sale can be found here. Insiders have sold 8,827,328 shares of company stock valued at $584,261,549 in the last quarter. Insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

Institutional investors and hedge funds have recently made changes to their positions in the business. ICW Investment Advisors LLC grew its holdings in Walmart by 0.4% in the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after acquiring an additional 62 shares during the last quarter. Rossmore Private Capital grew its holdings in Walmart by 0.3% in the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after acquiring an additional 65 shares during the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in Walmart by 0.3% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after acquiring an additional 65 shares during the last quarter. Landmark Financial Advisors LLC lifted its position in shares of Walmart by 1.0% in the 4th quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock worth $1,112,000 after purchasing an additional 70 shares during the period. Finally, MinichMacGregor Wealth Management LLC lifted its position in shares of Walmart by 4.0% in the 4th quarter. MinichMacGregor Wealth Management LLC now owns 2,063 shares of the retailer’s stock worth $325,000 after purchasing an additional 79 shares during the period. Institutional investors own 26.76% of the company’s stock.

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.