Walmart (NYSE:WMT) Stock Price Down 1.3% – What’s Next?

Walmart Inc. (NYSE:WMT) was down 1.3% during mid-day trading on Monday . The company traded as low as $91.56 and last traded at $91.76. Approximately 3,483,063 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 12,263,505 shares. The stock had previously closed at $93.00.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on WMT shares. Truist Financial lifted their target price on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Robert W. Baird lifted their target price on Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. DZ Bank cut Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a report on Thursday, November 21st. UBS Group lifted their target price on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Evercore ISI lifted their target price on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $94.08.

Walmart Stock Up 0.7 %

The business has a 50-day simple moving average of $90.70 and a two-hundred day simple moving average of $80.96. The company has a market cap of $734.57 billion, a price-to-earnings ratio of 37.53, a PEG ratio of 4.47 and a beta of 0.55. 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, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the sale, the executive vice president now owns 378,165 shares in the company, valued at $31,054,909.80. This represents a 0.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David Chojnowski sold 5,600 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the sale, the senior vice president now owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 138,347 shares of company stock valued at $12,311,491. Insiders own 45.58% of the company’s stock.

Institutional Trading of Walmart

Several hedge funds have recently added to or reduced their stakes in WMT. Peterson Financial Group Inc. bought a new stake in Walmart during the 3rd quarter valued at approximately $26,000. Voisard Asset Management Group Inc. raised its holdings in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in Walmart in the 4th quarter valued at approximately $32,000. Hoese & Co LLP acquired a new position in Walmart in the 3rd quarter valued at approximately $33,000. Finally, Livelsberger Financial Advisory acquired a new position in Walmart in the 3rd quarter valued at approximately $36,000. 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.