Walmart (NYSE:WMT) Stock Price Down 1.2% – What’s Next?

Walmart Inc. (NYSE:WMT) was down 1.2% during trading on Tuesday . The stock traded as low as $102.77 and last traded at $102.77. Approximately 6,387,563 shares changed hands during trading, a decline of 56% from the average daily volume of 14,646,182 shares. The stock had previously closed at $104.04.

Analysts Set New Price Targets

Several research analysts recently commented on WMT shares. Wells Fargo & Company boosted their price objective on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Evercore ISI boosted their price objective on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Roth Mkm upped their price target on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Truist Financial upped their price target on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Two equities research 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 company. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $101.87.

Walmart Trading Down 0.3 %

The stock has a market capitalization of $833.31 billion, a price-to-earnings ratio of 42.57, a PEG ratio of 4.25 and a beta of 0.55. The company’s 50-day moving average is $95.20 and its 200-day moving average is $85.80. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period last year, the business earned $0.51 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 over the last three months. Insiders own 45.58% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in WMT. Swedbank AB boosted its stake in shares of Walmart by 0.4% in the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after purchasing an additional 18,644 shares during the period. Resonant Capital Advisors LLC boosted its stake in shares of Walmart by 18.8% in the third quarter. Resonant Capital Advisors LLC now owns 11,824 shares of the retailer’s stock valued at $955,000 after purchasing an additional 1,867 shares during the period. Cyndeo Wealth Partners LLC boosted its stake in shares of Walmart by 21.0% in the third quarter. Cyndeo Wealth Partners LLC now owns 25,623 shares of the retailer’s stock valued at $2,069,000 after purchasing an additional 4,455 shares during the period. McClarren Financial Advisors Inc. lifted its stake in Walmart by 351.1% in the third quarter. McClarren Financial Advisors Inc. now owns 1,218 shares of the retailer’s stock worth $98,000 after acquiring an additional 948 shares during the last quarter. Finally, Violich Capital Management Inc. lifted its stake in Walmart by 1.5% in the third quarter. Violich Capital Management Inc. now owns 13,175 shares of the retailer’s stock worth $1,064,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other 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.