Walmart (NYSE:WMT) Trading 0.3% Higher After Analyst Upgrade

Walmart Inc. (NYSE:WMT) shares traded up 0.3% on Monday after Tigress Financial raised their price target on the stock from $86.00 to $115.00. Tigress Financial currently has a buy rating on the stock. Walmart traded as high as $94.92 and last traded at $94.52. 2,790,983 shares were traded during mid-day trading, a decline of 83% from the average session volume of 16,836,646 shares. The stock had previously closed at $94.25.

Other equities research analysts also recently issued reports about the company. Morgan Stanley upped their target price on Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Wells Fargo & Company upped their target price on Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein upped their target price on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Piper Sandler increased their price objective on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.33.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $92.47, for a total transaction of $277,410.00. Following the transaction, the executive vice president now directly owns 375,165 shares of the company’s stock, valued at $34,691,507.55. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder S Robson Walton sold 359,616 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $78.25, for a total transaction of $28,139,952.00. Following the transaction, the insider now directly owns 603,989,702 shares in the company, valued at $47,262,194,181.50. The trade was a 0.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 503,028 shares of company stock valued at $40,368,211. 45.58% of the stock is owned by insiders.

Hedge Funds Weigh In On Walmart

Several hedge funds have recently bought and sold shares of the business. Summit Financial Wealth Advisors LLC increased its position in Walmart by 0.5% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after buying an additional 118 shares during the last quarter. Providence Wealth Advisors LLC boosted its holdings in Walmart by 0.3% during the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after acquiring an additional 122 shares during the period. 3Chopt Investment Partners LLC boosted its holdings in Walmart by 0.4% during the third quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock valued at $2,635,000 after acquiring an additional 124 shares during the period. CAP Partners LLC boosted its holdings in Walmart by 2.1% during the third quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock valued at $489,000 after acquiring an additional 125 shares during the period. Finally, Investment Advisory Group LLC boosted its holdings in Walmart by 2.1% during the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after acquiring an additional 126 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Price Performance

The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The stock’s fifty day simple moving average is $86.41 and its 200-day simple moving average is $77.32. The company has a market capitalization of $762.21 billion, a P/E ratio of 38.94, a PEG ratio of 4.47 and a beta of 0.54.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the prior year, the company earned $0.51 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts forecast that Walmart Inc. will post 2.47 earnings per share for the current fiscal year.

Walmart Company Profile

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.