Walmart (NYSE:WMT) Shares Down 2.6%

Walmart Inc. (NYSE:WMTGet Free Report) shares dropped 2.6% on Tuesday . The company traded as low as $66.55 and last traded at $67.09. Approximately 6,225,982 shares traded hands during trading, a decline of 65% from the average daily volume of 18,034,314 shares. The stock had previously closed at $68.90.

Analyst Ratings Changes

A number of research analysts have recently commented on WMT shares. KeyCorp increased their price objective on Walmart from $63.00 to $75.00 and gave the company an “overweight” rating in a report on Friday, May 17th. Raymond James increased their price objective on Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Stifel Nicolaus increased their price objective on Walmart from $65.00 to $69.00 and gave the company a “hold” rating in a report on Friday, May 17th. Citigroup increased their price objective on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Finally, DA Davidson increased their price objective on Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.97.

Check Out Our Latest Research Report on WMT

Walmart Price Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The firm has a market cap of $540.28 billion, a P/E ratio of 28.71, a P/E/G ratio of 3.92 and a beta of 0.51. The company has a 50-day moving average of $63.41 and a 200 day moving average of $58.92.

Walmart (NYSE:WMTGet Free Report) last released its earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same period last year, the firm earned $0.49 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, sell-side analysts anticipate that Walmart Inc. will post 2.42 EPS for the current year.

Insider Activity

In other news, major shareholder Alice L. Walton sold 3,633,800 shares of Walmart stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $66.80, for a total value of $242,737,840.00. Following the sale, the insider now directly owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Timothy Patrick Flynn sold 30,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the transaction, the director now directly owns 144,807 shares in the company, valued at $9,386,389.74. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the transaction, the insider now owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The disclosure for this sale can be found here. Insiders have sold 14,493,971 shares of company stock worth $950,549,592 over the last ninety days. Insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

A number of institutional investors have recently added to or reduced their stakes in WMT. EntryPoint Capital LLC acquired a new position in shares of Walmart in the first quarter valued at $25,000. Northwest Capital Management Inc increased its holdings in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the last quarter. Partnership Wealth Management LLC acquired a new position in shares of Walmart in the fourth quarter valued at $30,000. Able Wealth Management LLC acquired a new position in shares of Walmart in the fourth quarter valued at $30,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new position in shares of Walmart in the fourth quarter valued at $32,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

About Walmart

(Get Free Report)

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.

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