Walmart (NYSE:WMT) Stock Price Expected to Rise, Telsey Advisory Group Analyst Says

Walmart (NYSE:WMT) had its target price increased by stock analysts at Telsey Advisory Group from $105.00 to $115.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the retailer’s stock. Telsey Advisory Group’s price objective points to a potential upside of 9.42% from the company’s current price.

Several other analysts have also commented on WMT. Morgan Stanley raised their target price on Walmart from $100.00 to $106.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Piper Sandler raised their price objective on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. TD Cowen boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Tigress Financial raised their price target on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Roth Mkm lifted their price objective on shares of Walmart from $81.00 to $97.00 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 issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $98.85.

Walmart Stock Performance

WMT opened at $105.10 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart has a 12-month low of $55.85 and a 12-month high of $105.24. The firm has a 50 day moving average of $94.63 and a two-hundred day moving average of $84.95. The firm has a market capitalization of $844.29 billion, a PE ratio of 43.13, a P/E/G ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same quarter last year, the company posted $0.51 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, analysts anticipate that Walmart will post 2.48 EPS for the current year.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the transaction, the director now directly owns 7,805 shares in the company, valued at $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 in the last three months. 45.58% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the fourth quarter worth about $25,000. Horizon Financial Services LLC increased its position in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after buying an additional 262 shares during the period. Fiduciary Advisors Inc. acquired a new position in Walmart during the fourth quarter worth approximately $27,000. Peterson Financial Group Inc. purchased a new stake in Walmart in the third quarter valued at approximately $26,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

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.