Walmart (NYSE:WMT) Price Target Increased to $71.00 by Analysts at Stifel Nicolaus

Walmart (NYSE:WMT) had its price target boosted by Stifel Nicolaus from $69.00 to $71.00 in a report issued on Tuesday, MarketBeat Ratings reports. They currently have a hold rating on the retailer’s stock.

A number of other analysts have also recently weighed in on the stock. HSBC boosted their target price on shares of Walmart from $70.00 to $81.00 and gave the stock a buy rating in a research note on Tuesday, June 11th. Royal Bank of Canada boosted their price objective on shares of Walmart from $62.00 to $70.00 and gave the stock an outperform rating in a research note on Friday, May 17th. TD Cowen boosted their price objective on shares of Walmart from $68.00 to $75.00 and gave the stock a buy rating in a research note on Friday, May 17th. BMO Capital Markets boosted their price objective on shares of Walmart from $65.00 to $75.00 and gave the stock an outperform rating in a research note on Friday, May 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Walmart from $71.00 to $77.00 and gave the stock a buy rating in a research note on Monday. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat, Walmart currently has an average rating of Moderate Buy and an average price target of $70.47.

Walmart Stock Up 0.9 %

NYSE WMT opened at $68.07 on Tuesday. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. Walmart has a 1-year low of $49.85 and a 1-year high of $69.04. The company has a 50 day moving average of $64.22 and a 200-day moving average of $59.53. The company has a market cap of $547.52 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 3.91 and a beta of 0.50.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts expect that Walmart will post 2.42 earnings per share for the current fiscal year.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $60.03, for a total value of $1,748,313.72. Following the transaction, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the transaction, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director S Robson Walton sold 3,540,250 shares of Walmart stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $64.55, for a total transaction of $228,523,137.50. Following the transaction, the director now directly owns 648,504,011 shares in the company, valued at approximately $41,860,933,910.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,525,340 shares of company stock valued at $953,023,399. 45.58% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Walmart

Several hedge funds have recently modified their holdings of WMT. Vanguard Group Inc. lifted its position in shares of Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after purchasing an additional 36,625,314 shares during the last quarter. Norges Bank purchased a new stake in shares of Walmart during the 4th quarter worth approximately $3,674,652,000. Bank of New York Mellon Corp increased its stake in shares of Walmart by 183.0% during the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock worth $1,755,339,000 after purchasing an additional 18,865,484 shares during the last quarter. Finally, Raymond James & Associates increased its stake in shares of Walmart by 212.6% during the 1st quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock worth $844,514,000 after purchasing an additional 9,544,958 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

About Walmart

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.