Walmart Inc (NYSE:WMT)’s share price was up 6.1% during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $113.64 and last traded at $112.69, approximately 19,249,035 shares traded hands during mid-day trading. An increase of 193% from the average daily volume of 6,577,298 shares. The stock had previously closed at $106.20.

The retailer reported $1.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.05. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The business had revenue of $130.40 billion during the quarter, compared to analyst estimates of $129.32 billion. During the same period in the previous year, the firm earned $1.29 EPS. Walmart’s quarterly revenue was up 2.6% compared to the same quarter last year.

A number of research analysts have commented on WMT shares. Jefferies Financial Group upped their price objective on Walmart from $117.00 to $120.00 and gave the company a “buy” rating in a report on Monday, June 10th. Wolfe Research lowered Walmart from a “peer perform” rating to an “underperform” rating in a report on Wednesday, May 8th. Loop Capital increased their target price on Walmart to $115.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. UBS Group increased their target price on Walmart from $105.00 to $107.00 and gave the stock a “neutral” rating in a report on Friday, May 17th. Finally, Guggenheim reissued a “buy” rating and set a $125.00 target price on shares of Walmart in a report on Thursday. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-one have assigned a buy rating to the company. Walmart currently has an average rating of “Buy” and a consensus price target of $110.86.

In related news, EVP Judith J. Mckenna sold 4,243 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $100.19, for a total transaction of $425,106.17. Following the completion of the sale, the executive vice president now directly owns 225,373 shares in the company, valued at approximately $22,580,120.87. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Daniel J. Bartlett sold 3,000 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $109.14, for a total value of $327,420.00. Following the sale, the insider now owns 122,673 shares of the company’s stock, valued at $13,388,531.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,559,285 shares of company stock valued at $571,021,654. 51.11% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Centric Wealth Management raised its position in Walmart by 6.6% in the second quarter. Centric Wealth Management now owns 5,224 shares of the retailer’s stock valued at $577,000 after purchasing an additional 322 shares during the last quarter. Carroll Financial Associates Inc. raised its position in shares of Walmart by 35.0% during the second quarter. Carroll Financial Associates Inc. now owns 14,406 shares of the retailer’s stock worth $1,591,000 after acquiring an additional 3,733 shares during the last quarter. CWM LLC raised its position in shares of Walmart by 100.9% during the first quarter. CWM LLC now owns 99,577 shares of the retailer’s stock worth $9,712,000 after acquiring an additional 50,003 shares during the last quarter. Eads & Heald Wealth Management raised its position in shares of Walmart by 22.2% during the first quarter. Eads & Heald Wealth Management now owns 19,378 shares of the retailer’s stock worth $1,890,000 after acquiring an additional 3,520 shares during the last quarter. Finally, Charter Trust Co. raised its position in shares of Walmart by 0.7% during the second quarter. Charter Trust Co. now owns 44,957 shares of the retailer’s stock worth $4,967,000 after acquiring an additional 301 shares during the last quarter. Hedge funds and other institutional investors own 30.05% of the company’s stock.

The company has a quick ratio of 0.21, a current ratio of 0.77 and a debt-to-equity ratio of 0.89. The company has a market cap of $300.29 billion, a P/E ratio of 22.95, a P/E/G ratio of 4.60 and a beta of 0.41. The company has a 50-day moving average price of $111.31.

Walmart Company Profile (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, shoes.com, and samsclub.com; and mobile commerce applications.

Further Reading: Buy Rating

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