Walmart (NYSE:WMT – Get Free Report) The price target was raised by equity analysts at Guggenheim from $75.00 to $81.00 in a research note published on Friday, Benzinga reports. The firm currently has a “buy” rating on the retailer’s stock. Guggenheim’s price target suggests a potential upside of 10.28% from the company’s last closing price.
Other equities analysts have also recently issued reports on the stock. TD Cowen raised their price target on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday. HSBC raised their price target on shares of Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. KeyCorp raised their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Wells Fargo & Company raised their price target on Walmart from $75.00 to $81.00 and gave the company an “overweight” rating in a report on Friday. Finally, Tigress Financial raised their price target on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23. Three analysts have rated the stock with a “hold”, 26 have given the stock a “buy” rating and one has given the stock a “strong buy” rating. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.79.
Check out our latest research report on WMT
Walmart trading up 0.7%
Shares of NYSE:WMT 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. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. 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 has a twelve-month low of $49.85 and a twelve-month high of $74.44.
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. 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 expectations of $168.56 billion. In the same quarter last year, the company generated earnings per share of $0.61. The company’s quarterly revenue grew 4.7% compared to the same quarter last year. Overall, analysts expect Walmart to report earnings per share of $2.43 for the current fiscal year.
Insider activity
In related news, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock 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 completion of the sale, the insider now directly owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC’s website. In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock 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 completion of the sale, the insider now owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC’s website. Additionally, major shareholder Alice L. Walton sold 1,250,000 shares of Walmart stock in a transaction that occurred on Friday, June 7. The shares were sold at an average price of $66.11, for a total transaction of $82,637,500.00. Following the completion of the transaction, the insider now directly owns 640,532,611 shares of the company’s stock, valued at approximately $42,345,610,913.21. The disclosure regarding this sale can be found here. Insiders have sold a total of 11,000,613 shares of the company valued at $725,932,010 in the last three months. 45.58% of the shares are owned by insiders.
Institutional investors comment on Walmart
Several hedge funds and other institutional investors have recently made changes to their positions in WMT. Partnership Wealth Management LLC acquired a new stake in Walmart during the 4th quarter valued at $30,000. Able Wealth Management LLC acquired a new stake in Walmart during the 4th quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC acquired a new stake in Walmart during the 4th quarter valued at approximately $32,000. Signature Resources Capital Management LLC acquired a new stake in Walmart during the 4th quarter valued at approximately $35,000. Finally, Tidemark LLC acquired a new stake in Walmart shares during the 4th quarter valued at approximately $37,000. 26.76% of the shares are owned by institutional investors and hedge funds.
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.
