Walmart Inc. (NYSE:WMT) Receives $92.11 Average Price Target from Brokerages

Shares of Walmart Inc. (NYSE:WMT) have earned an average rating of “Moderate Buy” from the thirty-one research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $92.11.

A number of analysts recently issued reports on WMT shares. Truist Financial raised their price objective on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Stifel Nicolaus lifted their price target on shares of Walmart from $85.00 to $89.00 and gave the stock a “hold” rating in a report on Wednesday, November 20th. KeyCorp increased their price objective on Walmart from $88.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Citigroup raised their target price on Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, DA Davidson upped their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 16th.

Walmart Price Performance

Shares of NYSE:WMT opened at $95.70 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.56. The stock has a market cap of $769.26 billion, a PE ratio of 39.27, a price-to-earnings-growth ratio of 4.48 and a beta of 0.54. The stock’s fifty day simple moving average is $84.42 and its two-hundred day simple moving average is $75.71. Walmart has a 1-year low of $49.85 and a 1-year high of $96.18.

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

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $92.00, for a total transaction of $1,207,500.00. Following the sale, the executive vice president now directly owns 579,915 shares of the company’s stock, valued at approximately $53,352,180. The trade was a 2.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $92.47, for a total value of $277,410.00. Following the transaction, the executive vice president now owns 375,165 shares in the company, valued at $34,691,507.55. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,300,460 shares of company stock valued at $570,820,065 in the last 90 days. Insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

Several hedge funds have recently made changes to their positions in the company. Logan Capital Management Inc. lifted its position in Walmart by 0.8% during the 3rd quarter. Logan Capital Management Inc. now owns 24,614 shares of the retailer’s stock valued at $1,988,000 after acquiring an additional 188 shares during the period. Fidelity D & D Bancorp Inc. increased its stake in shares of Walmart by 5.6% during the third quarter. Fidelity D & D Bancorp Inc. now owns 6,243 shares of the retailer’s stock valued at $504,000 after purchasing an additional 330 shares in the last quarter. Retirement Systems of Alabama increased its stake in shares of Walmart by 9.1% during the third quarter. Retirement Systems of Alabama now owns 1,935,792 shares of the retailer’s stock valued at $156,315,000 after purchasing an additional 161,120 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of Walmart during the third quarter valued at approximately $626,000. Finally, Garde Capital Inc. boosted its position in shares of Walmart by 8.0% in the 3rd quarter. Garde Capital Inc. now owns 2,080 shares of the retailer’s stock worth $168,000 after purchasing an additional 154 shares in the last quarter. 26.76% of the stock is currently owned by 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.