Investors Buy Walmart (WMT) on Weakness

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.

About Walmart

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.

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