Walmart Inc. (NYSE:WMT – Get Free Report) shares reached a new 52-week high on Wednesday. The company traded as high as $75.46 and was last traded at $75.22, with a trading volume of 1,842,705 shares. The stock had previously closed at $74.54.
Analysts set new price targets
WMT has been the subject of several analyst reports lately. Oppenheimer raised their price target on Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Jefferies Financial Group raised their price target on Walmart from $77.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, August 12th. Wells Fargo & Company raised their price target on Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, August 16th. Citigroup raised their price target on Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Finally, KeyCorp raised their price target on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17. Two equities analysts have rated the stock with a “hold” rating, 26 have given a “buy” rating and one has given the company a “strong buy” rating. Based on data from MarketBeat, the company currently has a consensus rating of “moderate buy” and an average price target of $78.64.
Get our latest stock analysis on WMT
Walmart shares rise 0.5%
The company has a 50-day moving average price of $69.51 and a 200-day moving average price of $63.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The stock has a market cap of $608.09 billion, a P/E ratio of 32.31, a PEG ratio of 4.04 and a beta of 0.50.
Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings 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 21.72% and a net margin of 2.34%. The company posted revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the company posted earnings per share of $0.61. The company’s revenue grew 4.7% year-over-year. Analysts expect Walmart Inc. to report earnings per share of $2.43 for the current year.
Insider buying and selling
In related 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 value of $166,661.00. Following the completion of the sale, the executive vice president now owns 463,871 shares of the company’s stock, valued at $32,239,034.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Walmart news, Director S. Robson Walton sold 1,562,239 shares of the company’s stock in a transaction on Tuesday, May 28. The shares were sold at an average price of $65.00, for a total value of $101,545,535.00. Following the completion of the sale, the director now owns 642,949,611 shares of the company’s stock, valued at $41,791,724,715. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. Also, EVP Daniel J. Bartlett sold 2,398 shares of the company’s stock in a transaction dated 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 disclosure regarding this sale can be found here. Insiders have sold 8,827,328 shares of the company’s stock in the last 90 days, valued at $584,261,549. 45.58% of the company’s stock is owned by insiders.
Walmart institutional trading
Several hedge funds have recently bought and sold shares of the company. GUNN & Co INVESTMENT MANAGEMENT INC. increased its stake in shares of Walmart by 1,159.6% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 361,920 shares of the retailer’s stock worth $57,057,000 after purchasing an additional 333,187 shares during the period. Linden Thomas Advisory Services LLC increased its stake in shares of Walmart by 11.4% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 6,757 shares of the retailer’s stock worth $1,065,000 after purchasing an additional 692 shares during the last quarter. Alaska Permanent Fund Corp acquired a new stake in shares of Walmart in the fourth quarter valued at about $1,421,000. Meritage Portfolio Management increased its stake in shares of Walmart by 0.5% in the fourth quarter. Meritage Portfolio Management now owns 20,500 shares of the retailer’s stock valued at $3,232,000 after purchasing an additional 100 shares in the last quarter. Finally, Van Cleef Asset Management Inc. increased its position in shares of Walmart by 119.0% in the fourth quarter. Van Cleef Asset Management Inc. now owns 4,600 shares of the retailer’s stock valued at $725,000 after purchasing an additional 2,500 shares in 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.
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