Walmart (NYSE:WMT) Price Target Raised to $97.00

Walmart (NYSE:WMT) had its price target upped by Roth Mkm from $81.00 to $97.00 in a research note released on Wednesday,Benzinga reports. The firm currently has a buy rating on the retailer’s stock.

Other research analysts also recently issued reports about the stock. Guggenheim lifted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday. Stifel Nicolaus lifted their price target on shares of Walmart from $85.00 to $89.00 and gave the company a “hold” rating in a report on Wednesday. Morgan Stanley lifted their target price on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday. Royal Bank of Canada raised their target price on Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, 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 report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.88.

Walmart Price Performance

Shares of NYSE:WMT opened at $90.44 on Wednesday. The company has a 50-day moving average price of $82.12 and a two-hundred day moving average price of $73.75. Walmart has a twelve month low of $49.85 and a twelve month high of $90.91. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $726.94 billion, a PE ratio of 37.11, a P/E/G ratio of 4.33 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly 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 firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Equities analysts forecast that Walmart will post 2.47 EPS for the current year.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the transaction, the executive vice president now owns 593,040 shares in the company, valued at $49,198,598.40. The trade was a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,823,647 in the last ninety days. Insiders own 45.58% of the company’s stock.

Institutional Trading of Walmart

Several institutional investors and hedge funds have recently made changes to their positions in the stock. EntryPoint Capital LLC acquired a new stake in shares of Walmart during the first quarter worth $25,000. Peterson Financial Group Inc. purchased a new position in Walmart during the third quarter worth approximately $26,000. TruNorth Capital Management LLC grew its stake in shares of Walmart by 138.3% during the 2nd 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. acquired a new stake in Walmart during the second quarter worth about $29,000. Finally, FSA Wealth Management LLC lifted its stake in shares of Walmart by 253.0% in the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after purchasing an additional 377 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

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.