This morning we watched Walmart drop -1.9% to a price of $153.44 per share. The large-cap Department Store company is now trading -14.32% below its average target price of $179.08. Analysts have set target prices ranging from $165.0 to $210.0 per share for Walmart, and have given the stock an average rating of buy.
Walmart's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.1%. The stock's short ratio is 2.45. The company's insiders own 47.24% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 33.5%. In conclusion, we believe there is positive market sentiment regarding Walmart.
Institutions Invested in Walmart
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 5% | 136,463,094 | $20,938,214,494 |
| 2023-06-30 | Blackrock Inc. | 4% | 100,364,767 | $15,399,467,779 |
| 2023-06-30 | State Street Corporation | 2% | 60,072,444 | $9,217,215,298 |
| 2023-06-30 | Geode Capital Management, LLC | 1% | 25,499,791 | $3,912,560,369 |
| 2023-06-30 | Morgan Stanley | 1% | 23,660,880 | $3,630,407,065 |
| 2023-06-30 | Bank of America Corporation | 1% | 20,547,928 | $3,152,771,282 |
| 2022-12-31 | Norges Bank Investment Management | 1% | 18,328,064 | $2,812,166,455 |
| 2023-06-30 | Price (T.Rowe) Associates Inc | 1% | 17,823,998 | $2,734,825,089 |
| 2023-06-30 | FMR, LLC | 1% | 15,555,398 | $2,386,742,454 |
| 2023-06-30 | Northern Trust Corporation | 1% | 14,203,022 | $2,179,240,645 |
