Walmart (NYSE:WMT) Stock Price Up 0% - Here's What Happened

Walmart Inc. (NYSE:WMT - Get Free Report) shares rose 0% during mid-day trading on Wednesday . The company traded as high as $81.80 and last traded at $81.74. Approximately 1,512,635 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 16,837,762 shares. The stock had previously closed at $81.70.

Analyst Upgrades and Downgrades

Several analysts have weighed in on WMT shares. BMO Capital Markets reaffirmed an "outperform" rating and set a $80.00 price objective on shares of Walmart in a research note on Friday, August 16th. Barclays upped their target price on shares of Walmart from $66.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, August 16th. The Goldman Sachs Group lifted their price target on shares of Walmart from $73.00 to $81.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Redburn Atlantic raised Walmart to a "strong-buy" rating in a research note on Monday, September 23rd. Finally, Roth Mkm increased their price objective on Walmart from $71.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $83.83.

Walmart Price Performance

The stock has a market capitalization of $654.55 billion, a P/E ratio of 42.41, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51. The stock has a 50 day moving average of $79.54 and a 200-day moving average of $70.86. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (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 the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company's quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. On average, equities research analysts anticipate that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insider Activity at Walmart

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares of the company's stock, valued at $48,781,873,820.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares of the company's stock, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the firm's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the transaction, the insider now owns 619,646,544 shares of the company's stock, valued at approximately $47,687,998,026.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,784,857 over the last ninety days. Insiders own 45.58% of the company's stock.

Hedge Funds Weigh In On Walmart

Institutional investors have recently modified their holdings of the company. Voisard Asset Management Group Inc. increased its position in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer's stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Hoese & Co LLP bought a new stake in shares of Walmart in the 3rd quarter valued at approximately $33,000. EntryPoint Capital LLC acquired a new stake in shares of Walmart during the first quarter worth $25,000. TruNorth Capital Management LLC lifted its holdings in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer's stock worth $29,000 after acquiring an additional 249 shares during the last quarter. Finally, Cultivar Capital Inc. acquired a new position in Walmart during the 2nd quarter valued at approximately $29,000. Institutional investors and hedge funds own 26.76% of the company's stock.

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.