Walmart Inc. (NYSE:WMT – Get Free Report)’s stock price rose 0.5% during trading on Tuesday after Truist Financial upgraded the stock from a hold rating to a buy rating. Truist Financial now has a $89.00 price target on the stock, up from their previous price target of $76.00. Walmart traded as high as $80.86 and last traded at $80.71. Approximately 3,252,589 shares traded hands during trading, a decline of 81% from the average daily volume of 17,449,656 shares. The stock had previously closed at $80.33.
Several other research firms have also weighed in on WMT. Wells Fargo & Company raised their price objective on Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 target price (up previously from $81.00) on shares of Walmart in a research report on Friday, August 16th. The Goldman Sachs Group lifted their price objective on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Stifel Nicolaus raised their target price on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a research report on Tuesday, August 13th. Finally, KeyCorp boosted their target price on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $80.19.
Check Out Our Latest Stock Report on WMT
Insider Transactions at Walmart
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in shares of Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after buying an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Walmart by 181.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after acquiring an additional 36,625,314 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Walmart by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after purchasing an additional 644,353 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Walmart by 183.0% in the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after purchasing an additional 18,865,484 shares during the last quarter. Finally, Raymond James & Associates lifted its position in shares of Walmart by 16.0% during the 2nd quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock valued at $1,102,463,000 after buying an additional 2,246,656 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.
Walmart Price Performance
The firm has a 50 day moving average price of $73.65 and a two-hundred day moving average price of $67.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The company has a market cap of $649.19 billion, a P/E ratio of 34.49, a P/E/G ratio of 4.03 and a beta of 0.51.
Walmart (NYSE:WMT – Get Free Report) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter in the previous year, the company earned $0.61 earnings per share. Walmart’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts predict that Walmart Inc. will post 2.44 EPS for the current fiscal year.
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.
See Also
- Five stocks we like better than Walmart
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Biohaven Stock Soars on Drug Trial Results: Time to Jump In?
- Best Stocks Under $10.00
- Is AMD a Legitimate Threat to NVIDIA? What Investors Should Watch
- What is a Low P/E Ratio and What Does it Tell Investors?
- Novo Nordisk’s Setback Won’t Last: A Game-Changing Drug Emerges
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.