Walmart (NYSE:WMT) Stock Price Up 0.3% on Analyst Upgrade

Walmart Inc. (NYSE:WMT)’s stock price was up 0.3% on Monday after Evercore ISI raised their price target on the stock from $66.00 to $89.00. Evercore ISI currently has an overweight rating on the stock. Walmart traded as high as $84.85 and last traded at $84.50. Approximately 3,568,724 shares changed hands during trading, a decline of 79% from the average daily volume of 16,652,744 shares. The stock had previously closed at $84.25.

WMT has been the subject of several other reports. Citigroup boosted their price objective on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Piper Sandler boosted their price target on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Truist Financial raised Walmart from a “hold” rating to a “buy” rating and lifted their target price for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. Finally, Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. One analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $86.71.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the sale, the chief executive officer now directly owns 3,873,053 shares in the company, valued at $312,322,993.92. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. Insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

Several institutional investors and hedge funds have recently modified their holdings of the stock. EntryPoint Capital LLC acquired a new stake in shares of Walmart during the 1st quarter worth approximately $25,000. Peterson Financial Group Inc. acquired a new stake in Walmart during the third quarter valued at $26,000. TruNorth Capital Management LLC grew its position in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the period. Cultivar Capital Inc. purchased a new position in Walmart in the second quarter valued at $29,000. Finally, FSA Wealth Management LLC raised its position in shares of Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after acquiring an additional 377 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

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 firm has a market capitalization of $675.94 billion, a PE ratio of 43.72, a price-to-earnings-growth ratio of 4.20 and a beta of 0.51. The firm’s 50 day moving average price is $81.43 and its 200-day moving average price is $73.15.

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.