Walmart (NYSE:WMT) gets new price target of $73.00 at Stifel Nicolaus

Walmart (NYSE:WMT – Get Free Report) The price target was raised by equity analysts at Stifel Nicolaus from $71.00 to $73.00 in a report published on Tuesday, Benzinga reports. The firm currently has a “Hold” rating on the retailer’s stock. Stifel Nicolaus’ price target suggests a potential upside of 6.26% from the stock’s last closing price.

Several other research analysts have also recently issued reports on the company. Jefferies Financial Group increased their price target on Walmart from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Deutsche Bank Aktiengesellschaft increased their price target on Walmart from $71.00 to $77.00 and gave the stock a “buy” rating in a research report on Monday, July 1st. Royal Bank of Canada increased their price target on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Raymond James increased their price target on shares of Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Finally, 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 23. Three research analysts have rated the stock with a “hold” rating and 27 have assigned the stock a “buy” rating. Based on data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $72.56.

Get our latest Walmart stock analysis

Walmart shares rise 1.1%

NYSE WMT opened at $68.70 on Tuesday. The stock’s 50-day moving average is $68.52 and its 200-day moving average is $62.99. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The company has a market cap of $552.59 billion, a P/E ratio of 29.36, a price-to-earnings-growth ratio of 3.91 and a beta of 0.50. Walmart has a one-year low of $49.85 and a one-year high of $71.33.

Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings results on Thursday, May 16. The retailer reported earnings per share of $0.60 for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company posted revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same quarter last year, the company posted earnings per share of $0.49. The company’s revenue grew 6.0% year-over-year. Overall, sell-side analysts forecast that Walmart will report earnings per share of $2.43 for the current fiscal year.

Insider transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 2,398 shares of the company’s stock in a transaction that occurred on Monday, July 15. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the completion of the transaction, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Daniel J. Bartlett sold 2,398 shares of the company’s stock in a transaction that occurred on Monday, July 15. The shares were sold at an average price of $69.50, for a total value of $166,661.00. Following the sale, the executive vice president now directly owns 463,871 shares of the company’s stock, valued at approximately $32,239,034.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC’s website. Also, Director Timothy Patrick Flynn sold 30,000 shares of Walmart stock in a transaction dated 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 transaction, the director now owns 144,807 shares of the company’s stock, valued at approximately $9,386,389.74. The disclosure regarding this sale can be found here. Insiders have sold a total of 14,540,863 shares of the company’s stock in the last 90 days, valued at $954,455,147. 45.58% of the company’s stock is owned by company insiders.

Institutional investors comment on Walmart

Several major investors have recently added to or reduced their holdings in WMT. Flynn Zito Capital Management LLC increased its stake in Walmart by 3.9% in the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after buying an additional 61 shares in the last quarter. ICW Investment Advisors LLC increased its stake in shares of 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 buying an additional 62 shares in the last quarter. Rossmore Private Capital increased its stake in shares of Walmart by 0.3% in the 4th quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock worth $3,232,000 after buying an additional 65 shares during the same period. 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 valued at $3,370,000 after purchasing an additional 65 shares during the period. Finally, 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 during the last quarter. Institutional investors 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.