Walmart Inc (NYSE:WMT) Sees Large Decline in Short Interest

Walmart Inc (NYSE:WMT) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 15,790,000 shares, a drop of 7.6% from the September 30th total of 17,090,000 shares. Based on an average daily volume of 5,390,000 shares, the short-interest ratio is currently 2.9 days. Approximately 1.1% of the company’s stock are short sold.

Shares of NYSE WMT traded down $0.38 during midday trading on Tuesday, reaching $119.87. The company’s stock had a trading volume of 153,408 shares, compared to its average volume of 5,261,393. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 0.83. The company has a 50 day moving average price of $118.84 and a 200 day moving average price of $112.03. Walmart has a one year low of $85.78 and a one year high of $125.38. The company has a market cap of $338.10 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 5.06 and a beta of 0.39.

Walmart (NYSE:WMT) last released its earnings results on Thursday, November 14th. The retailer reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.07. Walmart had a net margin of 2.77% and a return on equity of 18.47%. The business had revenue of $126.98 billion for the quarter, compared to the consensus estimate of $128.08 billion. During the same period in the previous year, the firm earned $1.08 EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Research analysts anticipate that Walmart will post 4.96 earnings per share for the current fiscal year.

WMT has been the subject of several recent analyst reports. ValuEngine lowered shares of Walmart from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Buckingham Research set a $109.00 price objective on shares of Walmart and gave the stock a “hold” rating in a report on Friday, August 16th. Morgan Stanley raised their price objective on shares of Walmart from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. KeyCorp reissued an “overweight” rating and set a $138.00 price objective (up from $128.00) on shares of Walmart in a report on Friday. Finally, Nomura raised their price objective on shares of Walmart from $132.00 to $133.00 and gave the stock a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have assigned a buy rating to the stock. Walmart presently has an average rating of “Buy” and a consensus price target of $122.17.

In related news, SVP David Chojnowski sold 3,680 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total transaction of $424,598.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 50.22% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Smith Shellnut Wilson LLC ADV increased its position in shares of Walmart by 8.3% in the third quarter. Smith Shellnut Wilson LLC ADV now owns 4,295 shares of the retailer’s stock worth $510,000 after acquiring an additional 329 shares in the last quarter. Valmark Advisers Inc. lifted its stake in shares of Walmart by 27.5% in the third quarter. Valmark Advisers Inc. now owns 4,962 shares of the retailer’s stock worth $589,000 after buying an additional 1,071 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Walmart by 12.1% in the third quarter. Cetera Investment Advisers now owns 31,349 shares of the retailer’s stock worth $3,729,000 after buying an additional 3,381 shares during the last quarter. WT Wealth Management acquired a new stake in shares of Walmart in the third quarter worth $751,000. Finally, Cetera Advisor Networks LLC lifted its stake in shares of Walmart by 0.9% in the third quarter. Cetera Advisor Networks LLC now owns 46,869 shares of the retailer’s stock worth $5,566,000 after buying an additional 431 shares during the last quarter. Institutional investors and hedge funds own 30.32% 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, shoes.com, and samsclub.com; and mobile commerce applications.

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