A company insider recently sold 9,708 shares of Walmart Inc. [WMT]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Walmart Inc. shares valued at $1,233,391 were sold by McMillon C Douglas on Jul 28. At $127.05 per share, McMillon C Douglas sold 9,708 shares. The insider’s holdings dropped to 1,507,454 shares worth approximately $189.29 million following the completion of this transaction.

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Also, McMillon C Douglas sold 9,708 shares, netting a total of over 1,185,608 in proceeds. Following the sale of shares at $122.13 each, the insider now holds 1,517,160 shares.

Before that, McMillon C Douglas had sold 9,708 shares from its account. In a trade valued at $1,219,384, the President and CEO traded Walmart Inc. shares for $125.61 each. Upon closing the transaction, the insider’s holdings decreased to 9,708 shares, worth approximately $191.73 million.

As published in their initiating research note from Piper Sandler on July 22, 2022, Walmart Inc. [WMT] has been a Neutral and the price target has been revised to $135. This represents a 6.99% premium over Thursday’s closing price. Analysts at UBS resumed the stock at ‘”a Buy”‘ outlook in a report released in mid May. As of May 18, 2022, Telsey Advisory Group has reiterated its “an Outperform” rating for WMT. Earlier on May 18, 2022, Stifel resumed its rating. Their recommendation was “a Hold” for WMT stock.

Analyzing WMT’s Price Performance

On Thursday, Walmart Inc. [NYSE: WMT] plunged -3.78% to $125.57. The stock’s lowest price that day was $125.33, but it reached a high of $130.80 in the same session. During the last five days, there has been a drop of approximately -3.22%. Over the course of the year, Walmart Inc. shares have dropped approximately -13.21%. Shares of the company reached a 52-week high of $160.77 on 04/21/22 and a 52-week low of $117.27 on 05/20/22. A 50-day SMA is recorded $125.45, while a 200-day SMA reached $139.42. Nevertheless, trading volume fell to 17.67 million shares from 10.67 million shares the previous day.

Support And Resistance Levels for Walmart Inc. (WMT)

According to the 24-hour chart, there is a support level at 123.67, which, if violated, would cause prices to drop to 121.76. In the upper region, resistance lies at 129.14. The next price resistance is at 132.70. RSI (Relative Strength Index) is 44.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 61.12%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Walmart Inc. subject to short interest?

Stocks of Walmart Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.36 million shares to 13.47 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 13.11 million shares. A jump of 2.67% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.97 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.97.

Which companies own the most shares of Walmart Inc. (WMT)?

According to The Vanguard Group, Inc. filings, the company currently owns 120,251,989 shares, which is about 4.39% of the total WMT shares outstanding. The investor’s shares have appreciated by 702,585 from its previous 13-F filing of 119549404.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $7,547,493,088. SSgA Funds Management, Inc. reduced a -0.38% interest valued at $7.36 billion while Geode Capital Management LLC sold a -400,189 stake. A total of 10,391,012 shares of Walmart Inc. were sold by T. Rowe Price Associates, Inc. during the quarter, and 5,041,976 were bought by Norges Bank Investment Management. In its current portfolio, Northern Trust Investments, Inc. holds 16,190,712 shares valued at $1.97 billion.

In terms of Walmart Inc. share price expectations, FactSet research, analysts set an average price target of $140.41 in the next 12 months, up nearly 7.28% from the previous closing price of $130.50. Analysts anticipate Walmart Inc. stock to reach $160.00 by 2022, with the lowest price target being $110.00. In spite of this, 37 analysts ranked Walmart Inc. stock as an Overweight at the end of 2022. On May 18, 2022, RBC Capital Mkts assigned a price target of “an Outperform” to the stock and reiterated coverage with a $153.


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