Walmart (NYSE:WMT) Stock Price Down 0.3% After Insider Selling

Shares of Walmart Inc. (NYSE:WMT) traded down 0.3% during trading on Monday after an insider sold shares in the company. The stock traded as low as $66.41 and last traded at $66.82. 2,116,460 shares were traded during trading, a decline of 88% from the average session volume of 18,114,510 shares. The stock had previously closed at $67.02.

Specifically, Director Timothy Patrick Flynn sold 30,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total value of $1,944,600.00. Following the completion of the transaction, the director now directly owns 144,807 shares of the company’s stock, valued at approximately $9,386,389.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction dated 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 sale, the director now directly owns 144,807 shares in the company, valued at $9,386,389.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the completion of the transaction, the insider now owns 636,898,811 shares of the company’s stock, valued at approximately $42,544,840,574.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,493,971 shares of company stock valued at $950,549,592. Insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on WMT. Tigress Financial upped their target price on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Barclays raised their target price on Walmart from $60.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Truist Financial boosted their price target on shares of Walmart from $60.00 to $64.00 and gave the stock a “hold” rating in a research report on Friday, May 17th. Evercore ISI raised their price objective on shares of Walmart from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. Finally, Stifel Nicolaus boosted their target price on shares of Walmart from $65.00 to $69.00 and gave the stock a “hold” rating in a report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.94.

Walmart Price Performance

The company has a market capitalization of $542.34 billion, a PE ratio of 28.86, a P/E/G ratio of 3.87 and a beta of 0.51. The stock has a 50 day moving average price of $62.62 and a two-hundred day moving average price of $58.34. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. Equities analysts forecast that Walmart Inc. will post 2.42 earnings per share for the current year.

Institutional Investors Weigh In On Walmart

A number of large investors have recently bought and sold shares of WMT. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in shares of Walmart in the third quarter worth $732,000. CI Investments Inc. raised its holdings in Walmart by 7.0% in the 3rd quarter. CI Investments Inc. now owns 32,762 shares of the retailer’s stock worth $5,240,000 after acquiring an additional 2,139 shares during the period. Rathbones Group PLC lifted its position in Walmart by 2.0% during the 3rd quarter. Rathbones Group PLC now owns 528,384 shares of the retailer’s stock worth $84,504,000 after acquiring an additional 10,523 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Walmart during the third quarter valued at about $209,000. Finally, Provence Wealth Management Group grew its position in shares of Walmart by 25.4% in the third quarter. Provence Wealth Management Group now owns 5,354 shares of the retailer’s stock valued at $856,000 after purchasing an additional 1,084 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

About Walmart

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.