Walmart Inc. (NYSE:WMT - Get Free Report) shares traded down 0.2% during mid-day trading on Tuesday . The stock traded as low as $94.32 and last traded at $94.72. 3,949,054 shares traded hands during trading, a decline of 77% from the average session volume of 16,841,316 shares. The stock had previously closed at $94.87.
Analysts Set New Price Targets
WMT has been the subject of a number of research reports. KeyCorp boosted their target price on shares of Walmart from $96.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Guggenheim boosted their price objective on Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Stifel Nicolaus lifted their price target on Walmart from $89.00 to $94.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. Morgan Stanley increased their price objective on Walmart from $89.00 to $100.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Finally, Robert W. Baird raised their price objective on Walmart from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Wednesday, November 20th. Two investment 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $93.69.
Get Our Latest Analysis on Walmart
Walmart Stock Up 0.6 %
The business has a 50 day simple moving average of $86.73 and a 200 day simple moving average of $77.53. The company has a market capitalization of $766.55 billion, a price-to-earnings ratio of 39.11, a PEG 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.
Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to analysts' expectations of $167.69 billion. During the same quarter last year, the company posted $0.51 EPS. The firm's revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts predict that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the sale, the chief executive officer now owns 3,873,053 shares in the company, valued at $312,322,993.92. This represents a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $92.47, for a total transaction of $277,410.00. Following the transaction, the executive vice president now directly owns 375,165 shares in the company, valued at $34,691,507.55. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 503,028 shares of company stock worth $40,368,211 over the last 90 days. 45.58% of the stock is owned by insiders.
Institutional Investors Weigh In On Walmart
Hedge funds have recently made changes to their positions in the business. Peterson Financial Group Inc. acquired a new position in Walmart in the 3rd quarter valued at $26,000. Cultivar Capital Inc. purchased a new stake in shares of Walmart in the second quarter valued at about $29,000. Voisard Asset Management Group Inc. increased its stake in shares of Walmart by 77.3% during 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 during the period. Hoese & Co LLP purchased a new position in Walmart during the third quarter worth about $33,000. Finally, Livelsberger Financial Advisory acquired a new stake in Walmart in the third quarter valued at about $36,000. Institutional investors and hedge funds 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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