Walmart (NYSE:WMT) Stock Price Down 1% – Time to Sell?

Walmart Inc. (NYSE:WMT)’s share price traded down 1% during mid-day trading on Monday . The company traded as low as $89.56 and last traded at $89.58. 5,014,406 shares were traded during mid-day trading, a decline of 70% from the average session volume of 16,829,410 shares. The stock had previously closed at $90.44.

Wall Street Analyst Weigh In

Several research firms have issued reports on WMT. The Goldman Sachs Group upped their price target on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Piper Sandler raised their price target on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. BMO Capital Markets boosted their price objective on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Guggenheim raised their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Citigroup upped their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $91.88.

Walmart Stock Down 1.1 %

The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a 50 day simple moving average of $82.12 and a 200-day simple moving average of $73.94. The firm has a market cap of $719.02 billion, a PE ratio of 36.76, a PEG ratio of 4.29 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the previous year, the firm earned $0.51 EPS. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This trade represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 shares were 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. This trade represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock valued at $958,823,647 in the last 90 days. 45.58% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Walmart

Hedge funds have recently modified their holdings of the business. Summit Financial Wealth Advisors LLC increased its position in Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after buying an additional 118 shares in the last quarter. Providence Wealth Advisors LLC grew its stake in shares of Walmart by 0.3% during the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after acquiring an additional 122 shares during the period. 3Chopt Investment Partners LLC grew its stake in shares of Walmart by 0.4% during the 3rd quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock valued at $2,635,000 after acquiring an additional 124 shares during the period. CAP Partners LLC increased its holdings in Walmart by 2.1% in the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock worth $489,000 after acquiring an additional 125 shares in the last quarter. Finally, Investment Advisory Group LLC raised its stake in Walmart by 2.1% during the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after acquiring an additional 126 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.