Walmart (NYSE:WMT – Free Report) had its target price lifted by Wells Fargo & Company from $170.00 to $175.00 in a research report sent to investors on Wednesday, MarketBeat reports. Wells Fargo & Company currently has an overweight rating on the retailer’s stock.
WMT has been the subject of several other research reports. Piper Sandler raised shares of Walmart from a neutral rating to an overweight rating and upped their price target for the stock from $145.00 to $210.00 in a research report on Monday, July 24th. Barclays upped their price objective on Walmart from $159.00 to $162.00 in a report on Sunday, May 21st. Oppenheimer lifted their target price on Walmart from $165.00 to $175.00 and gave the company an outperform rating in a report on Tuesday, August 8th. Jefferies Financial Group upped their price target on Walmart from $175.00 to $190.00 and gave the stock a buy rating in a research note on Wednesday, August 2nd. Finally, Truist Financial lifted their price objective on Walmart from $160.00 to $166.00 in a research note on Friday, May 19th. Four research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Walmart has a consensus rating of Moderate Buy and an average price target of $171.39.
Check Out Our Latest Analysis on WMT
Walmart Trading Up 0.6 %
Shares of Walmart stock opened at $161.20 on Wednesday. Walmart has a fifty-two week low of $128.07 and a fifty-two week high of $162.10. The business’s fifty day moving average is $156.42 and its two-hundred day moving average is $149.55. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.54. The firm has a market cap of $434.08 billion, a PE ratio of 38.75, a P/E/G ratio of 4.68 and a beta of 0.50.
Walmart (NYSE:WMT – Get Free Report) last released its earnings results on Thursday, May 18th. The retailer reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.15. The firm had revenue of $152.30 billion for the quarter, compared to the consensus estimate of $147.91 billion. Walmart had a return on equity of 21.30% and a net margin of 1.82%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.30 earnings per share. Analysts anticipate that Walmart will post 6.23 earnings per share for the current year.
Insider Buying and Selling
In other news, EVP John D. Rainey sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $159.48, for a total value of $159,480.00. Following the completion of the sale, the executive vice president now directly owns 170,735 shares in the company, valued at approximately $27,228,817.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $159.58, for a total transaction of $1,549,202.64. Following the sale, the chief executive officer now owns 1,480,924 shares in the company, valued at $236,325,851.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 1,000 shares of Walmart stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $159.48, for a total value of $159,480.00. Following the completion of the transaction, the executive vice president now owns 170,735 shares of the company’s stock, valued at $27,228,817.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,219,373 shares of company stock worth $1,422,922,576. Corporate insiders own 46.51% of the company’s stock.
Institutional Trading of Walmart
A number of institutional investors and hedge funds have recently made changes to their positions in WMT. Bank Julius Baer & Co. Ltd Zurich lifted its position in Walmart by 93,272.8% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 821,003,685 shares of the retailer’s stock valued at $129,045,359,000 after purchasing an additional 820,124,410 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of Walmart by 112,181.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 22,854,919 shares of the retailer’s stock valued at $3,240,599,000 after buying an additional 22,834,564 shares during the last quarter. Norges Bank acquired a new position in shares of Walmart during the fourth quarter worth approximately $2,598,736,000. Providence Capital Advisors LLC increased its position in Walmart by 1,164,937.0% in the 1st quarter. Providence Capital Advisors LLC now owns 4,718,400 shares of the retailer’s stock valued at $32,000,000 after acquiring an additional 4,717,995 shares during the period. Finally, Boston Partners increased its position in Walmart by 7,546.2% in the 1st quarter. Boston Partners now owns 3,166,995 shares of the retailer’s stock valued at $467,747,000 after acquiring an additional 3,125,576 shares during the period. 31.95% of the stock is currently owned by institutional investors and hedge funds.
Walmart Company Profile
Walmart Inc engages in the operation of retail, wholesale, and other units 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
Featured Articles
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.
0 Comments