Traders purchased shares of Walmart Inc (NYSE:WMT) on weakness during trading hours on Monday. $179.17 million flowed into the stock on the tick-up and $97.82 million flowed out of the stock on the tick-down, for a money net flow of $81.35 million into the stock. Of all stocks tracked, Walmart had the 8th highest net in-flow for the day. Walmart traded down ($1.65) for the day and closed at $84.00
Several brokerages have commented on WMT. Zacks Investment Research downgraded Walmart from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. ValuEngine downgraded Walmart from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $98.00 target price on shares of Walmart in a research note on Monday, April 30th. Royal Bank of Canada restated a “neutral” rating and issued a $103.00 target price on shares of Walmart in a research note on Monday, April 30th. Finally, Guggenheim restated a “buy” rating on shares of Walmart in a research note on Monday, April 30th. Twenty analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $96.53.
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The firm has a market cap of $253.73 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 2.63 and a beta of 0.52. The company has a quick ratio of 0.20, a current ratio of 0.73 and a debt-to-equity ratio of 0.46.
Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 17th. The retailer reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.02. The company had revenue of $122.69 billion for the quarter, compared to analysts’ expectations of $119.29 billion. Walmart had a return on equity of 17.16% and a net margin of 1.77%. Walmart’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted $1.00 EPS. analysts anticipate that Walmart Inc will post 4.83 EPS for the current year.
In other Walmart news, Director S Robson Walton sold 1,190,271 shares of Walmart stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $84.65, for a total value of $100,756,440.15. Following the transaction, the director now directly owns 3,347,254 shares of the company’s stock, valued at approximately $283,345,051.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 1,499,270 shares of Walmart stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $84.86, for a total value of $127,228,052.20. Following the completion of the transaction, the insider now directly owns 6,748,580 shares in the company, valued at $572,684,498.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,792,256 shares of company stock worth $740,486,626. 51.11% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. Cibc Bank USA purchased a new position in Walmart in the 2nd quarter worth approximately $1,458,000. Neville Rodie & Shaw Inc. purchased a new position in Walmart in the 2nd quarter worth approximately $799,000. Mount Yale Investment Advisors LLC purchased a new position in Walmart in the 1st quarter worth approximately $6,074,000. Greenline Partners LLC increased its stake in Walmart by 10.0% in the 1st quarter. Greenline Partners LLC now owns 32,490 shares of the retailer’s stock worth $2,891,000 after purchasing an additional 2,944 shares during the period. Finally, Menora Mivtachim Holdings LTD. purchased a new position in Walmart in the 1st quarter worth approximately $17,349,000. 29.66% of the stock is currently owned by institutional investors and hedge funds.
Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.