Walmart Inc (NYSE:WMT) Sees Significant Growth in Short Interest

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Walmart Inc (NYSE:WMT) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 17,080,000 shares, a growth of 20.0% from the August 15th total of 14,230,000 shares. Based on an average daily volume of 10,310,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.2% of the shares of the company are short sold.

Shares of Walmart stock traded down $1.10 during trading on Wednesday, hitting $136.26. 9,273,266 shares of the stock traded hands, compared to its average volume of 9,748,970. The stock has a market cap of $386.13 billion, a P/E ratio of 21.73, a PEG ratio of 4.60 and a beta of 0.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.29 and a current ratio of 0.79. Walmart has a twelve month low of $102.00 and a twelve month high of $151.33. The company has a fifty day moving average price of $134.87 and a two-hundred day moving average price of $125.26.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, August 18th. The retailer reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.31. The business had revenue of $137.70 billion for the quarter, compared to analysts’ expectations of $133.77 billion. Walmart had a return on equity of 19.13% and a net margin of 3.30%. Walmart’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.27 earnings per share. On average, equities research analysts expect that Walmart will post 5.28 EPS for the current fiscal year.

WMT has been the topic of a number of research analyst reports. Oppenheimer reissued a “buy” rating and set a $145.00 price target on shares of Walmart in a report on Tuesday, July 14th. Credit Suisse Group raised their price target on Walmart from $127.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. Cowen raised their price target on Walmart from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, May 20th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $132.00 price target on shares of Walmart in a report on Tuesday, August 18th. Finally, Morgan Stanley lifted their target price on Walmart from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-six have given a buy rating to the company’s stock. Walmart presently has an average rating of “Buy” and a consensus price target of $139.58.

In other Walmart news, SVP David Chojnowski sold 4,605 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $134.24, for a total value of $618,175.20. Following the sale, the senior vice president now directly owns 30,620 shares in the company, valued at $4,110,428.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Marc E. Lore sold 85,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $129.22, for a total value of $10,983,700.00. Following the completion of the sale, the executive vice president now owns 1,858,073 shares in the company, valued at $240,100,193.06. The disclosure for this sale can be found here. Insiders have sold 259,605 shares of company stock worth $33,861,675 over the last 90 days. 50.43% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the stock. Howland Capital Management LLC boosted its stake in Walmart by 3.3% in the 2nd quarter. Howland Capital Management LLC now owns 2,431 shares of the retailer’s stock valued at $291,000 after buying an additional 77 shares in the last quarter. X Square Capital LLC boosted its stake in Walmart by 2.6% in the second quarter. X Square Capital LLC now owns 2,990 shares of the retailer’s stock worth $358,000 after purchasing an additional 77 shares in the last quarter. BSW Wealth Partners lifted its stake in shares of Walmart by 3.6% during the second quarter. BSW Wealth Partners now owns 2,207 shares of the retailer’s stock valued at $264,000 after acquiring an additional 77 shares during the period. Truvestments Capital LLC lifted its stake in shares of Walmart by 2.0% during the second quarter. Truvestments Capital LLC now owns 4,049 shares of the retailer’s stock valued at $484,000 after acquiring an additional 80 shares during the period. Finally, NTV Asset Management LLC lifted its stake in shares of Walmart by 1.9% during the second quarter. NTV Asset Management LLC now owns 4,371 shares of the retailer’s stock valued at $524,000 after acquiring an additional 80 shares during the period. 29.34% of the stock is currently owned by institutional investors and hedge funds.

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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