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

Walmart Inc. (NYSE:WMTGet Free Report) shares were down 0.3% during mid-day 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. Approximately 2,116,460 shares were traded during trading, a decline of 88% from the average daily volume of 18,114,510 shares. The stock had previously closed at $67.02.

Specifically, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 144,807 shares in the company, valued at $9,386,389.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $60.26, for a total value of $180,780.00. Following the completion of the sale, the executive vice president now directly owns 524,613 shares of the company’s stock, valued at approximately $31,613,179.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the director now directly owns 144,807 shares of the company’s stock, valued at $9,386,389.74. The disclosure for this sale can be found here. Insiders have sold a total of 14,493,971 shares of company stock valued at $950,549,592 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Bank of America increased their price target on shares of Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. UBS Group raised their price target on shares of Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Jefferies Financial Group upped their price objective on Walmart from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Monday, June 10th. BMO Capital Markets raised their price target on shares of Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Finally, Stifel Nicolaus boosted their price target on shares of Walmart from $65.00 to $69.00 and gave the company a “hold” rating in a report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $69.94.

View Our Latest Report on Walmart

Walmart Trading Up 0.3 %

The stock has a market capitalization of $543.74 billion, a PE ratio of 28.89, a PEG ratio of 3.87 and a beta of 0.51. The business’s 50-day moving average is $62.78 and its two-hundred day moving average is $58.45. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMTGet Free Report) last announced its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $159.57 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Walmart

A number of large investors have recently made changes to their positions in WMT. Vanguard Group Inc. boosted its holdings in Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after acquiring an additional 36,625,314 shares during the last quarter. Norges Bank acquired a new stake in shares of Walmart in the fourth quarter worth approximately $3,674,652,000. Bank of New York Mellon Corp increased its position in Walmart by 183.0% during the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after purchasing an additional 18,865,484 shares in the last quarter. Finally, Raymond James & Associates boosted its position in shares of Walmart by 212.6% in the first quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock worth $844,514,000 after buying an additional 9,544,958 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

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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