Walmart (NYSE:WMT) Stock Price Down 0.2% – What’s Next?

Walmart Inc. (NYSE:WMT)’s share price was down 0.2% during mid-day trading on Thursday . The stock traded as low as $89.76 and last traded at $90.15. Approximately 2,803,150 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 16,991,166 shares. The stock had previously closed at $90.35.

Analysts Set New Price Targets

A number of research firms have recently commented on WMT. Oppenheimer increased their price target on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Piper Sandler boosted their price target on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Melius Research started coverage on Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective on the stock. Truist Financial boosted their target price on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein upped their target price on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $93.69.

Walmart Trading Down 0.7 %

The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $89.11 and a 200 day simple moving average of $79.40. The firm has a market capitalization of $720.59 billion, a P/E ratio of 36.81, a PEG ratio of 4.47 and a beta of 0.54.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the firm posted $0.51 EPS. The company’s revenue was up 5.5% on a year-over-year basis. As a group, research analysts forecast that Walmart Inc. will post 2.47 EPS for the current year.

Insider Buying and Selling at Walmart

In related news, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the sale, the executive vice president now owns 457,493 shares in the company, valued at approximately $36,915,110.17. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Chojnowski sold 5,600 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares of the company’s stock, valued at $7,993,095.80. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,412 shares of company stock valued at $12,478,116 in the last 90 days. Insiders own 45.58% of the company’s stock.

Institutional Trading of Walmart

Several hedge funds have recently made changes to their positions in WMT. Summit Financial Wealth Advisors LLC raised its holdings in Walmart by 0.5% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after buying an additional 118 shares during the period. Providence Wealth Advisors LLC raised its stake in shares of Walmart by 0.3% in the third 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 period. 3Chopt Investment Partners LLC lifted 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 worth $2,635,000 after acquiring an additional 124 shares during the last quarter. CAP Partners LLC boosted its stake in shares of Walmart by 2.1% during the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock worth $489,000 after purchasing an additional 125 shares during the period. Finally, Investment Advisory Group LLC boosted its stake in shares of Walmart by 2.1% during the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after purchasing an additional 126 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

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.