Traders Buy Shares of Walmart (WMT) on Weakness Following Insider Selling

Traders bought shares of Walmart Inc (NYSE:WMT) on weakness during trading hours on Tuesday following insider selling activity. $281.90 million flowed into the stock on the tick-up and $202.63 million flowed out of the stock on the tick-down, for a money net flow of $79.27 million into the stock. Of all equities tracked, Walmart had the 15th highest net in-flow for the day. Walmart traded down ($2.62) for the day and closed at $94.16Specifically, major shareholder Alice L. Walton sold 525,008 shares of the business’s stock in a transaction on Thursday, August 23rd. The shares were sold at an average price of $95.34, for a total transaction of $50,054,262.72. Following the completion of the sale, the insider now owns 8,748,580 shares in the company, valued at approximately $834,089,617.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jacqueline P. Canney sold 4,026 shares of the business’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $97.95, for a total transaction of $394,346.70. Following the sale, the insider now owns 53,250 shares of the company’s stock, valued at approximately $5,215,837.50. The disclosure for this sale can be found here. Insiders have sold a total of 11,337,196 shares of company stock valued at $1,084,692,741 in the last 90 days. 51.11% of the stock is currently owned by company insiders.

A number of analysts have commented on WMT shares. JPMorgan Chase & Co. boosted their price target on shares of Walmart to $108.00 and gave the company a “neutral” rating in a research note on Monday, October 8th. Deutsche Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and boosted their price target for the company from $89.00 to $113.00 in a research note on Tuesday, October 9th. BMO Capital Markets started coverage on shares of Walmart in a research note on Monday, September 17th. They set an “outperform” rating and a $110.00 price target for the company. Credit Suisse Group restated a “neutral” rating and set a $103.00 price target on shares of Walmart in a research note on Wednesday, October 17th. Finally, Cowen boosted their price target on shares of Walmart from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $104.04.

The stock has a market cap of $289.40 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 4.01 and a beta of 0.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.22 and a current ratio of 0.81.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 15th. The retailer reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.06. The company had revenue of $124.89 billion during the quarter, compared to analyst estimates of $124.86 billion. Walmart had a net margin of 1.01% and a return on equity of 18.36%. On average, equities analysts forecast that Walmart Inc will post 4.79 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of WMT. Ferguson Wellman Capital Management Inc. purchased a new stake in Walmart during the second quarter valued at about $1,761,000. Bridgewater Associates LP purchased a new stake in Walmart during the second quarter valued at about $14,408,000. Sound Income Strategies LLC lifted its holdings in Walmart by 31.2% during the third quarter. Sound Income Strategies LLC now owns 16,091 shares of the retailer’s stock valued at $1,511,000 after purchasing an additional 3,825 shares during the last quarter. RB Capital Management LLC purchased a new stake in Walmart during the second quarter valued at about $271,000. Finally, Capital Wealth Planning LLC lifted its holdings in Walmart by 40.2% during the second quarter. Capital Wealth Planning LLC now owns 33,038 shares of the retailer’s stock valued at $2,831,000 after purchasing an additional 9,475 shares during the last quarter. Institutional investors own 29.09% of the company’s stock.

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About Walmart (NYSE:WMT)

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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