Walmart (NYSE:WMT – Get Free Report) The price target was raised by equity analysts at Deutsche Bank Aktiengesellschaft from $77.00 to $83.00 in a research note published on Friday, Benzinga reports. The brokerage currently rates the retailer’s stock as a “buy.” Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 13.00% from the current share price.
A number of other analysts have also recently commented on WMT. UBS Group raised their price target on shares of Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday. DA Davidson raised their price target on shares of Walmart from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17. JPMorgan Chase & Co. raised their price target on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday. Wells Fargo & Company raised their price target on Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Jefferies Financial Group raised their price target on Walmart from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, August 12. Three research analysts have rated the stock with a “hold”, 26 have assigned a “buy” rating and one has given the company a “strong buy” rating. According to data from MarketBeat, the company has a consensus rating of “moderate buy” and a consensus price target of $77.79.
Check out our latest research report on WMT
Walmart price history
NYSE:WMT opened at $73.45 on Friday. Walmart has a 52-week low of $49.85 and a 52-week high of $74.44. The company has a market cap of $590.80 billion, a P/E ratio of 31.39, a PEG ratio of 3.95 and a beta of 0.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The stock’s 50-day moving average is $68.86 and its 200-day moving average is $63.37.
Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings results on Thursday, August 15. The retailer reported earnings per share of $0.67 for the quarter, beating the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company’s quarterly revenue grew 4.7% year-over-year. During the same quarter last year, the company generated earnings per share of $0.61. As a group, sell-side analysts forecast that Walmart will report earnings per share of $2.43 for the current fiscal year.
Insider buying and selling at Walmart
In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock on Thursday, August 1. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the transaction, the executive vice president now owns 387,165 shares of the company’s stock, valued at $26,787,946.35. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP John D. Rainey sold 3,000 shares of the company’s stock on Thursday, August 1. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the sale, the executive vice president now owns 387,165 shares of the company’s stock, valued at $26,787,946.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction that occurred on Wednesday, June 26. The shares were sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the transaction, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The disclosure regarding this sale can be found here. In the last 90 days, insiders sold 11,000,613 shares of the company’s stock, valued at $725,932,010. 45.58% of the shares are currently owned by company insiders.
Institutional investors comment on Walmart
A number of large investors have recently bought and sold shares of the company. ICW Investment Advisors LLC increased its position in shares of Walmart by 0.4% in the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after acquiring an additional 62 shares in the last quarter. Rossmore Private Capital increased its position in Walmart by 0.3% in the fourth quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after acquiring an additional 65 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its position in shares of Walmart by 0.3% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after acquiring an additional 65 shares in the last quarter. Landmark Financial Advisors LLC increased its position in Walmart by 1.0% in the fourth quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock worth $1,112,000 after acquiring an additional 70 shares in the last quarter. Finally, Kelman Lazarov Inc. increased its position in Walmart by 1.9% in the fourth quarter. Kelman Lazarov Inc. now owns 3,928 shares of the retailer’s stock worth $619,000 after acquiring an additional 72 shares in the last quarter. 26.76% of the shares are currently owned by institutional investors and hedge funds.
About Walmart
(Get free report)
Walmart Inc. operates retail, wholesale, other business and e-commerce businesses worldwide. The company operates through three segments: Walmart US, Walmart International and Sam’s Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash-and-carry stores and discount stores under the Walmart and Walmart Neighborhood Market brands; members-only warehouse clubs; e-commerce websites such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other websites; and mobile commerce applications.
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