Walmart (NYSE:WMT) Trading Down 0% – Here’s Why

Walmart Inc. (NYSE:WMT)’s stock price was down 0% on Thursday . The stock traded as low as $82.58 and last traded at $83.26. Approximately 3,003,537 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 16,984,607 shares. The stock had previously closed at $83.27.

Analyst Ratings Changes

Several analysts have commented on WMT shares. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Telsey Advisory Group boosted their target price on shares of Walmart from $82.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Stifel Nicolaus increased their price target on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. Citigroup boosted their price objective on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Oppenheimer raised their target price on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. One analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Walmart has a consensus rating of “Buy” and an average target price of $83.51.

Walmart Stock Down 0.6 %

The firm has a 50-day moving average of $79.09 and a two-hundred day moving average of $70.33. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $663.67 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 4.11 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.61 EPS. Equities research analysts predict that Walmart Inc. will post 2.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the sale, the chief executive officer now owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred 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 transaction, the chief executive officer now owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. The trade was a 0.00 % 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, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the sale, the executive vice president now directly owns 593,040 shares in the company, valued at approximately $49,198,598.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,784,857 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

Several large investors have recently bought and sold shares of WMT. EntryPoint Capital LLC acquired a new stake in Walmart in the first quarter valued at approximately $25,000. TruNorth Capital Management LLC raised its holdings in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new stake in shares of Walmart during the 2nd quarter worth $29,000. FSA Wealth Management LLC grew its stake in shares of Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after purchasing an additional 377 shares in the last quarter. Finally, Kozak & Associates Inc. increased its holdings in Walmart by 216.4% in the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer’s stock valued at $32,000 after buying an additional 344 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

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.