Analyzing Market Sentiment's Impact on WMT's Price Surge

Walmart shares rose 7.2% this afternoon to a price of $64.17. The stock is still trading within range of its average target price of $66.03, and over the last 52 weeks, it has recorded a 18.5% performance. Analysts have given the Large-Cap Department Store stock target prices ranging from $56.67 to $75.0 dollars per share, with an average rating of buy.

The stock has a very low short interest at 0.8%, and a short ratio of 2.45. The company's insiders own 46.23% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that only a small number of institutional investors are invested in the stock, with 34.9% of Walmart's shares being owned by this investor type.

Institutions Invested in Walmart

Date Reported Holder Percentage Shares Value
2024-03-31 Vanguard Group Inc 5% 411,745,334 $26,419,639,733
2024-03-31 Blackrock Inc. 4% 293,909,581 $18,858,708,533
2024-03-31 State Street Corporation 2% 184,456,591 $11,835,657,330
2024-03-31 Geode Capital Management, LLC 1% 83,326,599 $5,346,651,301
2024-03-31 Morgan Stanley 1% 79,542,055 $5,103,816,031
2023-12-31 Norges Bank Investment Management 1% 69,926,775 $4,486,851,581
2024-03-31 Bank of America Corporation 1% 67,040,717 $4,301,667,667
2024-03-31 Price (T.Rowe) Associates Inc 1% 56,861,234 $3,648,501,131
2024-03-31 FMR, LLC 1% 55,594,904 $3,567,247,066
2024-03-31 Fisher Asset Management, LLC 1% 43,195,718 $2,771,653,285

Besides an analyst consensus of some upside potential, other market factors point to there being positive market sentiment on Walmart.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.