Walmart (NYSE:WMT) Reaches New 1-Year High at $67.86

Walmart Inc. (NYSE:WMTGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $67.86 and last traded at $67.64, with a volume of 620480 shares. The stock had previously closed at $67.42.

Analyst Ratings Changes

Several research analysts have recently issued reports on WMT shares. The Goldman Sachs Group upped their price target on shares of Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 17th. UBS Group upped their price target on shares of Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Morgan Stanley upped their price target on shares of Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Tigress Financial boosted their price objective on shares of Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, HSBC boosted their price objective on shares of Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and an average price target of $69.94.

View Our Latest Analysis on WMT

Walmart Stock Performance

The company’s 50 day moving average price is $62.62 and its 200-day moving average price is $58.34. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The company has a market cap of $542.46 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 3.87 and a beta of 0.51.

Walmart (NYSE:WMTGet Free Report) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $159.57 billion. During the same quarter last year, the business posted $0.49 EPS. Walmart’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Alice L. Walton sold 1,132,123 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the transaction, the insider now directly owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the transaction, the insider now directly owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the transaction, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,493,971 shares of company stock valued at $950,549,592. Company insiders own 45.58% of the company’s stock.

Institutional Trading of Walmart

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Seven Mile Advisory raised its position in shares of Walmart by 1.6% during the 3rd quarter. Seven Mile Advisory now owns 3,953 shares of the retailer’s stock valued at $632,000 after buying an additional 61 shares in the last quarter. Flynn Zito Capital Management LLC raised its position in shares of Walmart by 3.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after buying an additional 61 shares in the last quarter. ICW Investment Advisors LLC raised its position in shares of Walmart by 0.4% during the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after buying an additional 62 shares in the last quarter. Bill Few Associates Inc. raised its position in shares of Walmart by 1.1% during the 4th quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after buying an additional 64 shares in the last quarter. Finally, Gateway Advisory LLC raised its position in Walmart by 4.1% in the 3rd quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock worth $263,000 after purchasing an additional 65 shares during the period. Hedge funds and other institutional investors 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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