In a filing, Walmart Inc. revealed its Executive Vice President Rainey John D unloaded Company’s shares for reported $0.16 million on Aug 01. In the deal valued at $159.48 per share,1,000 shares were sold. As a result of this transaction, Rainey John D now holds 170,735 shares worth roughly $ 27.59 million.
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Then, McMillon C Douglas sold 9,708 shares, generating $1,549,157 in total proceeds. Upon selling the shares at $159.58, the President and CEO now owns 1,480,924 shares.
Before that, Furner John R. sold 4,375 shares. Walmart Inc. shares valued at $696,675 were divested by the Executive Vice President at a price of $159.24 per share. As a result of the transaction, Furner John R. now holds 277,868 shares, worth roughly $44.9 million.
RBC Capital Mkts reiterated its Walmart Inc. [WMT] rating to an Outperform in a research note published on Friday, August 18, 2023; the price target was $168. PT values the company’s stock at a premium of 3.83 to its Friday closing price.
Price Performance Review of WMT
On Friday, Walmart Inc. [NYSE:WMT] saw its stock fall -0.64% to $161.57. On the same session, the stock had its day’s lowest price of $160.15, but rose to a high of $162.96. Over the last five days, the stock has gained 2.38%. Walmart Inc. shares have risen nearly 13.95% since the year began. Nevertheless, the stocks have risen 21.89% over the past one year. While a 52-week high of $162.99 was reached on 08/31/23, a 52-week low of $128.07 was recorded on 03/10/23. SMA at 50 days reached $157.84, while 200 days put it at $149.51. A total of 4.18 million shares were traded, compared to the trading of 6.53 million shares in the previous session.
Levels Of Support And Resistance For WMT Stock
The 24-hour chart illustrates a support level at 160.16, which if violated will result in even more drops to 158.75. On the upside, there is a resistance level at 162.97. A further resistance level may holdings at 164.37. The Relative Strength Index (RSI) on the 14-day chart is 59.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.97, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.82%. Stochastics %K at 85.68% indicates the stock is a selling.
How much short interest is there in Walmart Inc.?
A steep rise in short interest was recorded in Walmart Inc. stocks on Aug 14, 2023, growing by 0.37 million shares to a total of 13.79 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 13.42 million shares. There was a rise of 2.68%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.97% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.
Walmart Inc. [WMT] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 130,948,599 shares, or roughly 4.86% of the outstanding WMT shares. In other words, the investor’s shares have risen by 6,185,858 from its previous 13-F filing of 124762741.0. Additionally, BlackRock Fund Advisors increased 0.20% of its stake after which the total value it holdings stand at $10,324,043,990, while SSgA Funds Management, Inc. reduced -0.13% of its stake to hold $9.6 billion in the firm. Over the last quarter, Geode Capital Management LLC purchased 394,797 shares of Walmart Inc., while Norges Bank Investment Management bought -1,296,348 shares. At present, T. Rowe Price Associates, Inc. is holding 15,813,328 shares valued at $2.53 billion. Morgan Stanley Smith Barney LLC owned 13,481,133 shares of the company at the time of its most recent 13F filing, worth $2.16 billion.
According to FactSet, Walmart Inc.’s share price will average $178.03 in the next year, based on opinions of analysts polled by the firm. This is up nearly 10.39 percent from its previous closing price of $162.61. Analysts expect Walmart Inc. stock to reach the higher price of $210.00, while the lowest price estimate is $163.00. However, 39 analysts have rated WMT stock as an Overweight in their predictions for 2023.