Walmart Inc (NYSE:WMT) Sees Large Increase in Short Interest

Walmart Inc (NYSE:WMT) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 17,710,000 shares, an increase of 12.3% from the August 30th total of 15,770,000 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily volume of 5,620,000 shares, the days-to-cover ratio is currently 3.2 days.

NYSE:WMT traded up $0.36 on Tuesday, reaching $119.53. 4,253,456 shares of the company’s stock were exchanged, compared to its average volume of 5,238,059. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $342.00 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 5.17 and a beta of 0.40. The business has a fifty day moving average of $116.71 and a 200-day moving average of $108.88. Walmart has a 52-week low of $85.78 and a 52-week high of $120.71.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.05. The company had revenue of $130.40 billion for the quarter, compared to analyst estimates of $129.32 billion. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.29 earnings per share. As a group, equities analysts anticipate that Walmart will post 4.92 earnings per share for the current year.

Several research analysts have recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Walmart from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, September 5th. BMO Capital Markets upped their target price on shares of Walmart to $125.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Guggenheim reaffirmed a “buy” rating and issued a $125.00 target price on shares of Walmart in a research report on Thursday, August 15th. Citigroup reaffirmed a “buy” rating and issued a $135.00 target price (up previously from $129.00) on shares of Walmart in a research report on Wednesday, September 18th. Finally, ValuEngine cut shares of Walmart from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eighteen have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $116.09.

In other news, SVP David Chojnowski sold 3,680 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total transaction of $424,598.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John R. Furner sold 7,900 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $114.72, for a total transaction of $906,288.00. The disclosure for this sale can be found here. Insiders own 50.22% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Walmart by 0.7% during the second quarter. Vanguard Group Inc. now owns 130,107,288 shares of the retailer’s stock worth $14,375,553,000 after buying an additional 920,813 shares during the period. FMR LLC increased its stake in shares of Walmart by 0.4% during the first quarter. FMR LLC now owns 24,068,619 shares of the retailer’s stock worth $2,347,413,000 after buying an additional 90,683 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Walmart by 6.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 12,807,349 shares of the retailer’s stock worth $1,415,084,000 after buying an additional 721,297 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Walmart by 3.3% during the second quarter. Bank of New York Mellon Corp now owns 11,771,790 shares of the retailer’s stock worth $1,300,665,000 after buying an additional 373,683 shares during the period. Finally, Morgan Stanley increased its stake in shares of Walmart by 5.2% during the second quarter. Morgan Stanley now owns 11,422,339 shares of the retailer’s stock worth $1,262,053,000 after buying an additional 565,425 shares during the period. Hedge funds and other institutional investors own 30.11% of the company’s stock.

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.

Featured Story: How Investors Can Profit from Options Trading

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.