Walmart (NYSE:WMT) Stock Price Down 0% on Insider Selling

Walmart Inc. (NYSE:WMT)’s stock price traded down 0% during trading on Friday following insider selling activity. The company traded as low as $82.52 and last traded at $83.01. 2,044,142 shares were traded during trading, a decline of 88% from the average session volume of 16,955,697 shares. The stock had previously closed at $83.04.

Specifically, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the transaction, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at $49,198,598.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at $318,238,881.91. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TD Cowen boosted their target price on Walmart from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Guggenheim boosted their target price on Walmart from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. KeyCorp boosted their target price on Walmart from $82.00 to $86.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. DA Davidson raised their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, JPMorgan Chase & Co. raised their price objective on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Walmart presently has a consensus rating of “Buy” and a consensus target price of $83.51.

Walmart Stock Down 0.6 %

The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $663.67 billion, a P/E ratio of 35.26, a P/E/G ratio of 4.11 and a beta of 0.51. The company has a 50 day simple moving average of $79.09 and a two-hundred day simple moving average of $70.40.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Voisard Asset Management Group Inc. raised its holdings in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Financial Advocates Investment Management raised its holdings in shares of Walmart by 2.5% during the 3rd quarter. Financial Advocates Investment Management now owns 19,299 shares of the retailer’s stock worth $1,558,000 after acquiring an additional 464 shares in the last quarter. Oak Harvest Investment Services raised its holdings in shares of Walmart by 5.6% during the 3rd quarter. Oak Harvest Investment Services now owns 182,632 shares of the retailer’s stock worth $14,747,000 after acquiring an additional 9,723 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its holdings in shares of Walmart by 166.1% during the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 40,509 shares of the retailer’s stock worth $3,271,000 after acquiring an additional 25,284 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings in shares of Walmart by 154.8% during the 3rd quarter. JFS Wealth Advisors LLC now owns 34,962 shares of the retailer’s stock worth $2,823,000 after acquiring an additional 21,238 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

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.