Walmart (NYSE:WMT) Price Target Raised to $102.00

Walmart (NYSE:WMT) had its target price raised by Sanford C. Bernstein from $98.00 to $102.00 in a research report released on Wednesday,Benzinga reports. They currently have an outperform rating on the retailer’s stock.

Several other research firms have also issued reports on WMT. Truist Financial raised Walmart from a “hold” rating to a “buy” rating and increased their target price for the stock from $76.00 to $89.00 in a research note on Tuesday, September 24th. BMO Capital Markets raised 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. Telsey Advisory Group upped their target price on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday. Barclays raised their price target on shares of Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. Finally, Royal Bank of Canada upped their price objective on Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $91.88.

Walmart Trading Up 2.3 %

Shares of WMT stock opened at $90.44 on Wednesday. The company has a 50-day moving average of $82.12 and a two-hundred day moving average of $73.75. The firm has a market cap of $726.94 billion, a PE ratio of 37.11, a price-to-earnings-growth ratio of 4.33 and a beta of 0.51. Walmart has a 1-year low of $49.85 and a 1-year high of $90.91. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 EPS. On average, analysts predict that Walmart will post 2.47 EPS for the current year.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 12,337,337 shares of company stock worth $958,823,647. Company insiders own 45.58% of the company’s stock.

Institutional Trading of Walmart

A number of institutional investors have recently added to or reduced their stakes in the stock. Summit Financial Wealth Advisors LLC boosted its stake in shares of Walmart by 0.5% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after acquiring an additional 118 shares in the last quarter. Providence Wealth Advisors LLC raised 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 worth $3,591,000 after purchasing an additional 122 shares during the last quarter. 3Chopt Investment Partners LLC boosted its position in Walmart by 0.4% during the third quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock worth $2,635,000 after purchasing an additional 124 shares in the last quarter. CAP Partners LLC grew its holdings in Walmart by 2.1% in the third quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock valued at $489,000 after purchasing an additional 125 shares during the last quarter. Finally, Investment Advisory Group LLC increased its position in shares of Walmart by 2.1% in the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after buying an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

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.