Oppenheimer Increases Walmart (NYSE:WMT) Price Target to $110.00

Walmart (NYSE:WMT) had its price objective hoisted by Oppenheimer from $100.00 to $110.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the retailer’s stock. Oppenheimer’s target price would indicate a potential upside of 6.94% from the company’s current price.

Several other equities analysts also recently issued reports on WMT. Sanford C. Bernstein upped their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Barclays raised their target price on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Piper Sandler upped their price objective on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. TD Cowen lifted their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, BMO Capital Markets upped their price objective on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. 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, Walmart presently has an average rating of “Moderate Buy” and an average price target of $96.01.

Walmart Stock Performance

Shares of NYSE:WMT opened at $102.86 on Wednesday. Walmart has a 12 month low of $55.85 and a 12 month high of $103.02. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $826.30 billion, a price-to-earnings ratio of 42.21, a PEG ratio of 4.49 and a beta of 0.55. The firm’s 50-day moving average is $93.67 and its 200 day moving average is $83.82.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. Research analysts predict that Walmart will post 2.48 EPS for the current year.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 175,177 shares of company stock worth $16,403,728. Corporate insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

Institutional investors have recently modified their holdings of the business. Coyle Financial Counsel LLC raised its position in shares of Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock valued at $310,000 after buying an additional 102 shares in the last quarter. SC&H Financial Advisors Inc. raised its position in Walmart by 1.0% during the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after purchasing an additional 103 shares in the last quarter. Blackston Financial Advisory Group LLC lifted its stake in Walmart by 0.7% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock worth $1,417,000 after purchasing an additional 106 shares during the last quarter. Scarborough Advisors LLC boosted its holdings in shares of Walmart by 2.0% in the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock valued at $505,000 after purchasing an additional 109 shares in the last quarter. Finally, Dakota Community Bank & Trust NA raised its holdings in shares of Walmart by 4.0% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after buying an additional 110 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

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.