Walmart (NYSE:WMT – Get Free Report) The price target was raised by analysts at Barclays from $66.00 to $78.00 in a research report published on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the retailer’s stock. Barclays’ price target suggests a potential upside of 6.19% from the company’s current price.
Several other brokerage firms have also recently commented on WMT. The Goldman Sachs Group raised their price target on Walmart from $64.33 to $73.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 27th. TD Cowen raised their price target on Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. BMO Capital Markets raised their price target on Walmart from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Roth Mkm raised their price target on Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, May 17. Three analysts have rated the stock with a “hold,” 26 have rated it with a “buy,” and one has given it a “strong buy.” Based on data from MarketBeat.com, the stock currently has an average rating of “moderate buy” and a consensus price target of $77.79.
Read our latest research report on Walmart
Walmart trading up 0.7%
WMT shares opened at $73.45 on Friday. The company has a 50-day moving average of $68.86 and a 200-day moving average of $63.37. 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 price-to-earnings-growth 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.
Walmart (NYSE:WMT – Get Free Report) last announced its quarterly results on Thursday, August 15. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. In the same quarter last year, the company reported $0.61 earnings per share. The company’s revenue for the quarter increased 4.7% year-over-year. As a group, research analysts forecast that Walmart will report earnings per share of $2.43 for the current year.
Insiders place their bets
In other Walmart news, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $64.82, for a total value 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 $9,386,389.74. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $64.82, for a total value 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 $9,386,389.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC’s website. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction that occurred on Thursday, May 23. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the sale, the insider now directly 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. Insiders sold a total of 11,000,613 shares of the company’s stock during the last quarter, valued at $725,932,010. 45.58% of the shares are owned by company insiders.
Walmart institutional trading
A number of institutional investors have recently made changes to their positions in the stock. Partnership Wealth Management LLC acquired a new position in shares of Walmart in the fourth quarter valued at about $30,000. Able Wealth Management LLC acquired a new position in shares of Walmart in the fourth quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Walmart in the fourth quarter valued at about $32,000. Signature Resources Capital Management LLC acquired a new position in shares of Walmart in the fourth quarter valued at about $35,000. Finally, Tidemark LLC acquired a new position in shares of Walmart in the fourth quarter valued at about $37,000. Hedge funds and other institutional investors 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.
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