Walmart (NYSE:WMT – Get Free Report) The price target was raised by Royal Bank of Canada equity analysts from $74.00 to $80.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the retailer’s stock. Royal Bank of Canada’s price target would imply a potential upside of 8.92% from the stock’s last closing price.
WMT has been the subject of several other reports. BMO Capital Markets raised their price target on shares of Walmart from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Robert W. Baird raised their price target on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Morgan Stanley raised their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Friday. Tigress Financial raised 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 23rd. Finally, Telsey Advisory Group raised its price target on Walmart shares from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday. Three investment analysts have rated the stock a “hold,” 26 have given it a “buy” rating and one has given it a “strong buy” rating. Based on data from MarketBeat, Walmart currently has an average rating of “moderate buy” and a consensus price target of $77.79.
Check out our latest research report on WMT
Price development of Walmart shares
WMT shares opened at $73.45 on Friday. Walmart has a one year low of $49.85 and a one year high of $74.44. The company has a 50-day moving average of $68.86 and a 200-day moving average of $63.37. The stock has a market cap of $590.80 billion, a price-to-earnings 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 current ratio of 0.80 and a quick ratio of 0.23.
Walmart (NYSE:WMT – Get Free Report) last announced its 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 expectations of $168.56 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s revenue grew 4.7% year-over-year for the quarter. During the same period last year, the company posted earnings per share of $0.61. On average, equities analysts expect Walmart to report earnings per share of $2.43 for the current year.
Insider transactions at Walmart
In other Walmart news, EVP Daniel J. Bartlett sold 2,398 shares of Walmart stock in a transaction on Monday, July 15. The shares were sold at an average price of $69.50, for a total transaction of $166,661.00. Following the sale, the executive vice president now owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Walmart news, EVP Daniel J. Bartlett sold 2,398 shares of Walmart stock in a transaction on Monday, July 15. The shares were sold at an average price of $69.50, for a total transaction of $166,661.00. Following the sale, the executive vice president now owns 463,871 shares of the company’s stock, valued at $32,239,034.50. 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 1,132,123 Walmart shares on Thursday, May 23. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the sale, the insider now owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The disclosure for this sale can be found here. During the last quarter, insiders sold 11,000,613 shares of the company’s stock, valued at $725,932,010. Insiders own 45.58% of the company’s shares.
Institutional investors comment on Walmart
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Walmart by 199.4% in the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after buying an additional 36,625,314 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Walmart by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after purchasing an additional 644,353 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Walmart by 183.0% in the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after purchasing an additional 18,865,484 shares in the last quarter. Finally, Norges Bank bought a new position in Walmart shares in the fourth quarter valued at about $3,674,652,000. Institutional investors and hedge funds own 26.76% of the company’s stock.
Walmart Company Profile
(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.
Selected articles
Get daily news and reviews for Walmart – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Walmart and related companies with MarketBeat.com’s FREE daily email newsletter.
