Walmart (NYSE:WMT) Trading Down 0.1% on Insider Selling

Shares of Walmart Inc. (NYSE:WMT) dropped 0.1% during trading on Friday after an insider sold shares in the company. The stock traded as low as $67.71 and last traded at $67.83. Approximately 1,972,432 shares were traded during trading, a decline of 89% from the average daily volume of 17,950,637 shares. The stock had previously closed at $67.88.

Specifically, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the transaction, the insider now owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the transaction, the insider now owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 3,633,800 shares of Walmart stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $66.80, for a total value of $242,737,840.00. Following the completion of the sale, the insider now owns 636,898,811 shares of the company’s stock, valued at $42,544,840,574.80. The disclosure for this sale can be found here. Insiders sold a total of 14,502,762 shares of company stock valued at $951,475,618 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on WMT. TD Cowen upped their target price on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Raymond James raised their target price on Walmart from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. DA Davidson upped their price target on Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. BMO Capital Markets lifted their price objective on shares of Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Finally, Bank of America upped their target price on shares of Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.97.

Walmart Trading Down 0.3 %

The company has a market cap of $544.63 billion, a price-to-earnings ratio of 28.98, a P/E/G ratio of 3.92 and a beta of 0.52. The firm has a fifty day moving average price of $64.07 and a 200 day moving average price of $59.35. 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 announced its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 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 company had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same quarter last year, the firm posted $0.49 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities analysts predict that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in WMT. EntryPoint Capital LLC bought a new position in Walmart during the 1st quarter worth $25,000. Northwest Capital Management Inc increased its position in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the period. Partnership Wealth Management LLC acquired a new position in Walmart in the fourth quarter valued at about $30,000. Able Wealth Management LLC bought a new stake in Walmart during the fourth quarter worth about $30,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in Walmart during the fourth quarter worth about $32,000. 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.