Walmart (NYSE:WMT – Get Free Report) The price target was raised by equity analysts at Evercore ISI from $78.00 to $80.00 in a research note published on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the retailer’s stock. Evercore ISI’s price target would imply a potential upside of 6.33% from the stock’s current price.
Other equities analysts have also issued reports on the stock. Truist Financial increased their price target on shares of Walmart from $64.00 to $76.00 and gave the stock a “hold” rating in a report on Friday, August 16th. TD Cowen increased 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, August 16th. Piper Sandler reiterated an “overweight” rating and set a $83.00 price target (up from $81.00) on shares of Walmart in a research report on Friday, August 16th. UBS Group increased their price target on Walmart from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, DA Davidson raised their price target on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16. Two equities analysts have rated the stock with a “hold” rating, 26 have given a “buy” rating and one has given the company’s stock a “strong buy” rating. Based on data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $78.64.
Check out our latest Walmart stock analysis
Walmart trading up 0.9%
WMT stock opened at $75.24 on Thursday. The company’s 50-day moving average is $69.33 and its 200-day moving average is $63.76. The company has a market cap of $605.20 billion, a P/E ratio of 32.15, a price-to-earnings-growth ratio of 4.04 and a beta of 0.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart has a 52-week low of $49.85 and a 52-week high of $75.58.
Walmart (NYSE:WMT – Get Free Report) last released its earnings results on Thursday, August 15. The retailer reported earnings per share 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 expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company’s revenue for the quarter increased 4.7% compared to the year-ago quarter. In the year-ago quarter, the company generated earnings per share of $0.61. As a group, sell-side analysts expect Walmart to report earnings per share of $2.43 for the current year.
Insider activity
In related news, major shareholder Alice L. Walton sold 3,633,800 shares of Walmart stock on Monday, June 10. The shares were sold at an average price of $66.80, for a total value of $242,737,840.00. Following the completion of the sale, the insider now owns 636,898,811 shares of the company’s stock, valued at approximately $42,544,840,574.80. The transaction was disclosed in a legal filing with the SEC, which is accessible from the SEC’s website. In other Walmart news, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock on Monday, June 10. The shares were sold at an average price of $66.80, for a total value of $242,737,840.00. Following the transaction, the insider now directly owns 636,898,811 shares of the company’s stock, valued at $42,544,840,574.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director S. Robson Walton sold 982,038 shares of the company’s stock in a transaction dated Friday, May 24. The shares were sold at an average price of $65.39, for a total transaction of $64,215,464.82. Following the sale, the director now directly owns 644,511,850 shares of the company’s stock, valued at $42,144,629,871.50. The disclosure regarding this sale can be found here. Insiders have sold a total of 9,809,366 shares of the company’s stock, valued at $648,477,014, during the last quarter. 45.58% of the shares are currently owned by company insiders.
Institutional inflows and outflows
Major investors have recently changed their holdings in the stock. ICW Investment Advisors LLC increased its holdings in Walmart by 0.4% in the 4th 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 holdings in shares of 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 holdings 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 holdings in Walmart by 1.0% in the fourth quarter. Landmark Financial Advisors LLC now owns 7,055 shares of the retailer’s stock valued at $1,112,000 after purchasing an additional 70 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC increased its position in Walmart by 4.0% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 2,063 shares of the retailer’s stock valued at $325,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.
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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