Traders Sell Walmart (WMT) on Strength (WMT)

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Traders sold shares of Walmart Inc (NYSE:WMT) on strength during trading hours on Friday. $116.83 million flowed into the stock on the tick-up and $171.09 million flowed out of the stock on the tick-down, for a money net flow of $54.26 million out of the stock. Of all stocks tracked, Walmart had the 0th highest net out-flow for the day. Walmart traded up $1.17 for the day and closed at $90.18

A number of research analysts recently weighed in on WMT shares. Bank of America reaffirmed a “buy” rating and set a $98.00 price target on shares of Walmart in a research note on Friday, May 18th. Credit Suisse Group set a $102.00 price objective on Walmart and gave the stock a “hold” rating in a research note on Tuesday, May 1st. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $98.00 price objective on shares of Walmart in a research note on Monday, April 30th. Royal Bank of Canada reissued a “neutral” rating and issued a $88.00 price objective on shares of Walmart in a research note on Friday, May 11th. Finally, Morgan Stanley reissued a “neutral” rating and issued a $93.00 price objective on shares of Walmart in a research note on Wednesday, June 13th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Walmart has an average rating of “Hold” and a consensus price target of $96.59.

The company has a debt-to-equity ratio of 0.46, a current ratio of 0.73 and a quick ratio of 0.20. The firm has a market capitalization of $263.68 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 3.27 and a beta of 0.52.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 17th. The retailer reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.02. Walmart had a return on equity of 17.16% and a net margin of 1.77%. The firm had revenue of $122.69 billion during the quarter, compared to analyst estimates of $119.29 billion. During the same period last year, the company earned $1.00 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. equities analysts predict that Walmart Inc will post 4.81 EPS for the current fiscal year.

In related news, major shareholder Alice L. Walton sold 510,893 shares of the stock in a transaction on Monday, June 18th. The stock was sold at an average price of $83.15, for a total value of $42,480,752.95. Following the sale, the insider now owns 6,748,580 shares in the company, valued at $561,144,427. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director S Robson Walton sold 760,377 shares of the stock in a transaction on Monday, June 18th. The stock was sold at an average price of $83.30, for a total value of $63,339,404.10. Following the completion of the sale, the director now owns 3,347,254 shares in the company, valued at approximately $278,826,258.20. The disclosure for this sale can be found here. Insiders sold 8,792,256 shares of company stock valued at $740,486,626 over the last ninety days. Corporate insiders own 51.11% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Hanseatic Management Services Inc. raised its holdings in Walmart by 106.0% in the 1st quarter. Hanseatic Management Services Inc. now owns 1,201 shares of the retailer’s stock worth $107,000 after acquiring an additional 618 shares during the last quarter. We Are One Seven LLC purchased a new stake in Walmart during the 4th quarter valued at $123,000. Stelac Advisory Services LLC purchased a new stake in Walmart during the 1st quarter valued at $126,000. G&S Capital LLC purchased a new stake in Walmart during the 4th quarter valued at $128,000. Finally, Wagner Wealth Management LLC purchased a new stake in Walmart during the 4th quarter valued at $132,000. Institutional investors own 29.69% of the company’s stock.

Walmart Company Profile

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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