A company insider recently sold 347,542 shares of Walmart Inc. [WMT]. Should You Sale?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Walmart Inc. shares valued at $47,145,880 were sold by WALTON S ROBSON on Aug 25. At $135.66 per share, WALTON S ROBSON sold 347,542 shares. The insider’s holdings dropped to 282,330,635 shares worth approximately $37.66 billion following the completion of this transaction.

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Also, WALTON ALICE L sold 347,542 shares, netting a total of over 47,145,880 in proceeds. Following the sale of shares at $135.66 each, the insider now holds 282,330,635 shares.

Before that, WALTON JIM C had sold 347,542 shares from its account. In a trade valued at $47,145,880, the 10% Owner traded Walmart Inc. shares for $135.66 each. Upon closing the transaction, the insider’s holdings decreased to 347,542 shares, worth approximately $37.66 billion.

As published in their initiating research note from KeyBanc Capital Markets on September 14, 2022, Walmart Inc. [WMT] has been an Overweight and the price target has been revised to $155. This represents a 13.94% premium over Thursday’s closing price. Analysts at Piper Sandler started covering the stock with ‘”a Neutral”‘ outlook in a report released in late July. As of May 18, 2022, UBS has reiterated its “Buy” rating for WMT. Earlier on May 18, 2022, Telsey Advisory Group resumed its rating. Their recommendation was “an Outperform” for WMT stock.

Analyzing WMT’s Price Performance

On Thursday, Walmart Inc. [NYSE: WMT] plunged -1.02% to $133.39. The stock’s lowest price that day was $132.84, but it reached a high of $134.72 in the same session. During the last five days, there has been a drop of approximately -0.06%. Over the course of the year, Walmart Inc. shares have dropped approximately -7.81%. 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 $132.50, while a 200-day SMA reached $137.38. Nevertheless, trading volume fell to 5.56 million shares from 8.3 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 132.58, which, if violated, would cause prices to drop to 131.77. In the upper region, resistance lies at 134.46. The next price resistance is at 135.53. RSI (Relative Strength Index) is 48.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.76, which suggests the price will decrease in the coming days. Percent R is at 64.54%, 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 122,841,119 shares, which is about 4.48% of the total WMT shares outstanding. The investor’s shares have appreciated by 2,589,130 from its previous 13-F filing of 120251989.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $8,327,863,064. SSgA Funds Management, Inc. reduced a -0.91% interest valued at $7.95 billion while Geode Capital Management LLC purchased a 639,316 stake. A total of 1,685,320 shares of Walmart Inc. were bought by T. Rowe Price Associates, Inc. during the quarter, and 4,237,076 were bought by Norges Bank Investment Management. In its current portfolio, Northern Trust Investments, Inc. holds 15,415,004 shares valued at $2.04 billion.

In terms of Walmart Inc. share price expectations, FactSet research, analysts set an average price target of $151.24 in the next 12 months, up nearly 13.53% from the previous closing price of $134.77. Analysts anticipate Walmart Inc. stock to reach $165.00 by 2022, with the lowest price target being $130.00. In spite of this, 38 analysts ranked Walmart Inc. stock as an Overweight at the end of 2022. On May 18, 2022, Stifel assigned a price target of “a Hold” to the stock and reiterated coverage with a $150.


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