Walmart (NYSE:WMT) Stock Price Down 1.3% - Should You Sell?

Walmart Inc. (NYSE:WMT - Get Free Report)'s stock price dropped 1.3% during mid-day trading on Thursday . The stock traded as low as $86.28 and last traded at $88.55. Approximately 13,134,151 shares changed hands during trading, a decline of 23% from the average daily volume of 16,985,375 shares. The stock had previously closed at $89.76.

Analysts Set New Price Targets

A number of equities research analysts have commented on WMT shares. Jefferies Financial Group upped their price target on Walmart from $105.00 to $111.00 and gave the company a "buy" rating in a research report on Tuesday, December 17th. Evercore ISI cut their price target on Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Barclays reiterated an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Stifel Nicolaus reduced their target price on Walmart from $99.00 to $93.00 and set a "hold" rating for the company in a research note on Thursday, March 20th. Finally, Oppenheimer upped their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $103.17.

Walmart Stock Performance

The company has a market capitalization of $698.23 billion, a PE ratio of 36.14, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The business's fifty day moving average is $94.38 and its two-hundred day moving average is $89.52.

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Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion during the quarter, compared to analysts' expectations of $178.83 billion. Equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.08%. Walmart's payout ratio is 39.00%.

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the sale, the executive vice president now owns 568,626 shares of the company's stock, valued at $52,859,472.96. This represents a 2.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the sale, the chief executive officer now owns 3,766,491 shares of the company's stock, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 176,652 shares of company stock worth $16,590,028 over the last quarter. Company insiders own 45.58% of the company's stock.

Institutional Investors Weigh In On Walmart

A number of hedge funds have recently modified their holdings of WMT. Norges Bank purchased a new stake in Walmart in the 4th quarter worth approximately $5,737,355,000. Raymond James Financial Inc. bought a new position in shares of Walmart in the fourth quarter worth approximately $2,306,627,000. Jennison Associates LLC raised its position in shares of Walmart by 37.1% during the 4th quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer's stock valued at $2,289,419,000 after purchasing an additional 6,860,189 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Walmart by 14.0% during the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock valued at $2,893,079,000 after buying an additional 3,927,173 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after buying an additional 3,550,037 shares during the period. Institutional investors 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.

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