Shares of Walmart Inc. (NYSE:WMT - Get Free Report) traded down 0.8% during mid-day trading on Friday . The stock traded as low as $101.48 and last traded at $102.01. 3,584,264 shares changed hands during trading, a decline of 76% from the average session volume of 14,770,526 shares. The stock had previously closed at $102.85.
Several analysts recently weighed in on WMT shares. Morgan Stanley lifted their price target on Walmart from $100.00 to $106.00 and gave the stock an "overweight" rating in a report on Tuesday, January 21st. Telsey Advisory Group raised their target price on Walmart from $92.00 to $100.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Guggenheim upped their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. TD Cowen lifted their price target on Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Finally, Sanford C. Bernstein lifted their target price on Walmart from $98.00 to $102.00 and gave the stock an "outperform" rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Walmart presently has an average rating of "Moderate Buy" and an average target price of $96.01.
View Our Latest Stock Analysis on WMT
The business's fifty day moving average is $94.07 and its 200 day moving average is $84.17. The company has a market cap of $812.73 billion, a P/E ratio of 41.52, a PEG ratio of 4.25 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.
Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS 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 firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the company earned $0.51 earnings per share. The business's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.48 EPS for the current year.
In other Walmart news, EVP John D. Rainey sold 38,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer's stock valued at $7,048,465,000 after buying an additional 2,786,061 shares during the last quarter. FMR LLC boosted its holdings in shares of Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares during the period. Fisher Asset Management LLC grew its stake in shares of Walmart by 2.4% in the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock worth $4,408,452,000 after purchasing an additional 1,133,201 shares during the last quarter. Franklin Resources Inc. raised its position in Walmart by 3.7% during the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer's stock valued at $3,392,658,000 after purchasing an additional 1,480,927 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock worth $2,893,079,000 after buying an additional 3,927,173 shares during the period. Institutional investors own 26.76% of the company's stock.
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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