Checking in on Walmart Inc. (WMT) after recent insiders movement


Walmart Inc.’s recently made public that its Director WALTON S ROBSON unloaded Company’s shares for reported $162.37 million on Mar 03. In the deal valued at $140.56 per share,1,155,149 shares were sold. As a result of this transaction, WALTON S ROBSON now holds 263,149,132 shares worth roughly $ 37.02 billion.

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Then, WALTON ALICE L sold 1,155,149 shares, generating $162,367,364 in total proceeds. Upon selling the shares at $140.56, the 10% Owner now owns 263,149,132 shares.

Before that, WALTON JIM C sold 1,155,149 shares. Walmart Inc. shares valued at $162,367,364 were divested by the 10% Owner at a price of $140.56 per share. As a result of the transaction, WALTON JIM C now holds 263,149,132 shares, worth roughly $37.02 billion.

Gordon Haskett upgraded its Walmart Inc. [WMT] rating to a Accumulate from a a Hold in a research note published on Friday, February 10, 2023; the price target was increased to $155 from $145. PT values the company’s stock at a premium of 9.25 to its Friday closing price. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early February with a ‘”an Overweight”‘ rating. Tigress Financial also remained covering WMT and has increased its forecast on January 26, 2023 with a “Buy” recommendation from previously “Neutral” rating.

Price Performance Review of WMT

On Friday, Walmart Inc. [NYSE:WMT] saw its stock jump 0.12% to $140.67. On the same session, the stock had its day’s lowest price of $139.77, but rose to a high of $141.19. Over the last five days, the stock has lost -1.26%. Walmart Inc. shares have fallen nearly -0.79% since the year began. Nevertheless, the stocks have risen 3.31% over the past one year. While a 52-week high of $160.77 was reached on 02/21/23, a 52-week low of $117.27 was recorded on 01/20/23. SMA at 50 days reached $143.20, while 200 days put it at $136.08. A total of 5.63 million shares were traded, compared to the trading of 4.93 million shares in the previous session.

Levels Of Support And Resistance For WMT Stock

The 24-hour chart illustrates a support level at 139.90, which if violated will result in even more drops to 139.12. On the upside, there is a resistance level at 141.32. A further resistance level may holdings at 141.96. The Relative Strength Index (RSI) on the 14-day chart is 43.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.51%. Stochastics %K at 11.93% indicates the stock is a buying.

How much short interest is there in Walmart Inc.?

A steep rise in short interest was recorded in Walmart Inc. stocks on Jan 12, 2023, dropping by -1.03 million shares to a total of 11.79 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 12.82 million shares. There was a decline of -8.74%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.85% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.21.

Walmart Inc. [WMT] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 124,978,796 shares, or roughly 4.63% of the outstanding WMT shares. In other words, the investor’s shares have risen by 321,298 from its previous 13-F filing of 124657498.0. Additionally, BlackRock Fund Advisors increased 2.44% of its stake after which the total value it holdings stand at $9,259,784,679, while SSgA Funds Management, Inc. reduced -0.05% of its stake to hold $8.72 billion in the firm. Over the last quarter, Geode Capital Management LLC purchased 313,686 shares of Walmart Inc., while T. Rowe Price Associates, Inc. bought -36,772 shares. At present, Norges Bank Investment Management is holding 18,328,064 shares valued at $2.64 billion. Northern Trust Investments, Inc. owned 13,768,124 shares of the company at the time of its most recent 13F filing, worth $1.98 billion.

The most recent change occurred on December 06, 2022 when Bernstein began covering the stock and recommended ‘”a Mkt perform”‘ rating along with a $159 price target.


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