Walmart (NYSE:WMT) Shares Down 0.1% – What’s Next?

Walmart Inc. (NYSE:WMT)’s share price was down 0.1% during trading on Tuesday . The stock traded as low as $90.36 and last traded at $90.45. Approximately 1,801,504 shares changed hands during trading, a decline of 89% from the average daily volume of 16,952,740 shares. The stock had previously closed at $90.57.

Wall Street Analyst Weigh In

A number of brokerages have commented on WMT. TD Cowen upped their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Stifel Nicolaus lifted their price target on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Morgan Stanley upped their price target on shares of Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company raised their price objective on shares of Walmart from $90.00 to $96.00 and gave the company an “overweight” 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $93.69.

Walmart Trading Down 0.2 %

The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The business has a fifty day moving average of $89.11 and a 200-day moving average of $79.40. The stock has a market capitalization of $725.82 billion, a price-to-earnings ratio of 37.08, a price-to-earnings-growth 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 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the sale, the chief executive officer now directly owns 3,843,929 shares of the company’s stock, valued at $318,238,881.91. This represents a 0.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Bartlett sold 2,065 shares of Walmart stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the sale, the executive vice president now directly owns 457,493 shares in the company, valued at $36,915,110.17. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,412 shares of company stock worth $12,478,116 in the last 90 days. Company insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

A number of hedge funds have recently modified their holdings of the stock. Peterson Financial Group Inc. bought a new stake in Walmart during the 3rd quarter worth approximately $26,000. Voisard Asset Management Group Inc. raised its holdings 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 valued at $32,000 after buying an additional 174 shares during the last quarter. Hoese & Co LLP acquired a new position in Walmart during the 3rd quarter worth about $33,000. Livelsberger Financial Advisory acquired a new position in Walmart during the 3rd quarter worth $36,000. Finally, Hara Capital LLC bought a new stake in shares of Walmart during the third quarter worth $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

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.