Walmart (NYSE:WMT) price target raised to $81.00 at Roth Mkm

Walmart (NYSE:WMT – Get Free Report) The price target was raised by research analysts at Roth Mkm from $71.00 to $81.00 in a research report published on Friday, Benzinga reports. The brokerage currently rates the retailer’s stock as a “buy.” Roth Mkm’s price target suggests a potential upside of 10.28% from the company’s last closing price.

Other equities analysts have also issued reports on the stock. Wells Fargo & Company raised their price target on shares of Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday. Piper Sandler began coverage on shares of Walmart in a report on Wednesday, July 10. They gave the stock an “overweight” rating and a price target of $81.00. Citigroup raised their price target on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17. Tigress Financial increased their price target on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research report on Tuesday, July 23. Finally, The Goldman Sachs Group raised their price target on shares of Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 17. Three research analysts have rated the stock with a “hold” rating, 26 have assigned a “buy” rating and one has given the company a “strong buy” rating. Based on data from MarketBeat.com, the company has a consensus rating of “moderate buy” and an average price target of $77.79.

Get our latest research report on Walmart

Price development of Walmart shares

WMT shares opened at $73.45 on Friday. The company’s 50-day moving average price is $68.86 and its 200-day moving average price is $63.37. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. Walmart has a one year low of $49.85 and a one year 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.

Walmart (NYSE:WMT – Get Free Report) released its latest earnings results on Thursday, August 15. The retailer reported earnings per share (EPS) of $0.67 for the quarter, beating analysts’ consensus estimates 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 net margin of 2.88% and a return on equity of 21.57%. The company’s quarterly revenue grew 4.7% year-over-year. During the same period last year, the company generated earnings per share of $0.61. As a group, equities analysts forecast that Walmart will report earnings per share of $2.43 for the current year.

Insiders place their bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock on Thursday, May 23. The shares were sold at an average price of $65.23, for a total transaction of $1,899,758.52. Following the transaction, the CEO now directly owns 3,989,526 shares of the company’s stock, valued at approximately $260,236,780.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other news, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock on Tuesday, May 21. The shares were sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the completion of the sale, the director now owns 144,807 shares of the company’s stock, valued at approximately $9,386,389.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock on Thursday, May 23. The shares were sold at an average price of $65.23, for a total transaction of $1,899,758.52. Following the completion of the sale, the CEO now owns 3,989,526 shares of the company’s stock, valued at approximately $260,236,780.98. The disclosure of this sale can be found here. In the last three months, insiders have sold 11,000,613 shares of the company’s stock, valued at $725,932,010. Insiders own 45.58% of the company’s stock.

Walmart institutional trading

Several hedge funds have recently made changes to their positions in the company. EntryPoint Capital LLC acquired a new stake in shares of Walmart in the first quarter valued at about $25,000. Northwest Capital Management Inc. increased its stake in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc. now owns 440 shares of the retailer’s stock valued at $26,000 after buying an additional 293 shares during the same period. TruNorth Capital Management LLC increased its stake in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the same period. Cultivar Capital Inc. acquired a new stake in shares of Walmart in the second quarter valued at about $29,000. Finally, Partnership Wealth Management LLC acquired a new stake in shares of Walmart in the fourth quarter valued at about $30,000. Institutional investors and hedge funds own 26.76% of the company’s shares.

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.