Traders Buy Walmart (WMT) on Weakness
Investors purchased shares of Walmart Inc (NYSE:WMT) on weakness during trading on Friday. $337.37 million flowed into the stock on the tick-up and $310.58 million flowed out of the stock on the tick-down, for a money net flow of $26.79 million into the stock. Of all stocks tracked, Walmart had the 16th highest net in-flow for the day. Walmart traded down ($0.31) for the day and closed at $88.77
Several analysts have recently weighed in on the stock. Goldman Sachs Group downgraded shares of Walmart from a “buy” rating to a “neutral” rating and set a $100.00 target price on the stock. in a report on Monday, November 20th. They noted that the move was a valuation call. Barclays lifted their target price on shares of Walmart to $120.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Zacks Investment Research raised shares of Walmart from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a report on Wednesday, February 21st. Oppenheimer set a $93.00 target price on shares of Walmart and gave the company a “neutral” rating in a report on Friday. Finally, Vetr downgraded shares of Walmart from a “hold” rating to a “sell” rating and set a $91.97 target price on the stock. in a report on Friday, November 17th. Seventeen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. Walmart presently has an average rating of “Buy” and a consensus target price of $102.40.
The company has a debt-to-equity ratio of 0.46, a current ratio of 0.76 and a quick ratio of 0.20. The company has a market capitalization of $262,970.00, a PE ratio of 27.74, a PEG ratio of 3.14 and a beta of 0.57.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, December 6th. Walmart’s payout ratio is currently 63.75%.
In other Walmart news, insider Jacqueline P. Canney sold 2,065 shares of Walmart stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $96.99, for a total transaction of $200,284.35. Following the completion of the transaction, the insider now owns 19,060 shares in the company, valued at $1,848,629.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Jim C. Walton sold 1,319,133 shares of Walmart stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $97.61, for a total transaction of $128,760,572.13. Following the transaction, the insider now owns 11,057,224 shares of the company’s stock, valued at approximately $1,079,295,634.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,866,702 shares of company stock valued at $181,923,840. 51.39% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of WMT. FMR LLC raised its position in shares of Walmart by 45.3% in the second quarter. FMR LLC now owns 17,982,372 shares of the retailer’s stock valued at $1,360,906,000 after buying an additional 5,608,785 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its position in shares of Walmart by 955.2% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 4,668,539 shares of the retailer’s stock valued at $461,019,000 after buying an additional 4,226,117 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Walmart by 43.5% in the fourth quarter. Fisher Asset Management LLC now owns 8,706,981 shares of the retailer’s stock valued at $859,814,000 after buying an additional 2,637,516 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Walmart by 42.6% in the second quarter. Alliancebernstein L.P. now owns 5,745,493 shares of the retailer’s stock valued at $434,819,000 after buying an additional 1,716,422 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Walmart by 52.9% in the second quarter. Parametric Portfolio Associates LLC now owns 4,883,390 shares of the retailer’s stock valued at $369,565,000 after buying an additional 1,689,364 shares during the last quarter. 30.33% of the stock is owned by institutional investors and hedge funds.
Walmart Inc, formerly Wal-Mart Stores, Inc, is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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