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

Walmart Inc. (NYSE:WMT) shares were up 0.3% on Tuesday after Evercore ISI raised their price target on the stock from $94.00 to $96.00. Evercore ISI currently has an outperform rating on the stock. Walmart traded as high as $93.15 and last traded at $92.89. Approximately 2,967,509 shares traded hands during trading, a decline of 82% from the average daily volume of 16,820,412 shares. The stock had previously closed at $92.64.

Several other research analysts also recently weighed in on the stock. Citigroup upped their target price on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Stifel Nicolaus increased 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, November 20th. Roth Mkm lifted their price target on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Sanford C. Bernstein raised their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Truist Financial lifted their price objective on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.11.

Insiders Place Their Bets

In other news, SVP David Chojnowski sold 5,600 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the sale, the senior vice president now owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. The trade was a 6.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the transaction, the insider now directly owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,673,023 shares of company stock worth $753,365,984. 45.58% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Walmart

A number of institutional investors have recently modified their holdings of WMT. Summit Financial Wealth Advisors LLC grew its stake in shares of Walmart by 0.5% in the third 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 lifted its stake 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 holdings in shares of Walmart by 0.4% in the 3rd quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock valued at $2,635,000 after buying an additional 124 shares in the last quarter. CAP Partners LLC grew its holdings in shares of Walmart by 2.1% during the third quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock worth $489,000 after purchasing an additional 125 shares during the last quarter. Finally, Investment Advisory Group LLC boosted its holdings 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 acquiring an additional 126 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Up 0.9 %

The business’s fifty day moving average price is $83.85 and its 200 day moving average price is $75.44. The firm has a market capitalization of $751.58 billion, a PE ratio of 38.37, a PEG ratio of 4.40 and a beta of 0.54. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during 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 firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. On average, equities research 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.