Walmart (NYSE:WMT – Get Free Report) The price target was raised by Bank of America analysts from $75.00 to $85.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the retailer’s stock. Bank of America’s price target would imply a potential upside of 15.72% from the company’s current price.
WMT has been the subject of a number of other reports. Tigress Financial raised their price target on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Truist Financial raised their price target on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research note on Friday, May 17th. Royal Bank of Canada raised their price target on shares of Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday. Citigroup raised their price target on shares of Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Telsey Advisory Group raised their price target on Walmart shares from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday. Three analysts have rated the stock a “hold,” 26 have rated it a “buy,” and one has given it a “strong buy.” Walmart currently has a consensus rating of “moderate buy” and an average price target of $77.79, according to data from MarketBeat.com.
Read our latest Walmart stock report
Walmart price history
NYSE:WMT opened at $73.45 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. The company has a market capitalization 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. Walmart has a 12-month low of $49.85 and a 12-month high of $74.44. The company’s 50-day average price is $68.86 and its 200-day average price is $63.37.
Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings results on Thursday, August 15. The retailer reported earnings per share (EPS) of $0.67 for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $168.56 billion. During the same period last year, the company posted earnings per share of $0.61. The company’s revenue for the quarter increased 4.7% compared to the same quarter last year. On average, equities analysts expect Walmart to report earnings per share of $2.43 for the current fiscal year.
Insider buying and selling at Walmart
In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction that occurred on Monday, June 10. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. After the sale, the insider now owns 636,898,811 shares of the company’s stock, valued at $42,544,840,574.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction that occurred on Monday, June 10. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the completion of the transaction, the insider now directly owns 636,898,811 shares of the company’s stock, valued at approximately $42,544,840,574.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the sale, the executive vice president now owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. The disclosure regarding this sale can be found here. Insiders sold 11,000,613 shares of the company’s stock, valued at $725,932,010, during the last quarter. 45.58% of the company’s shares are owned by insiders.
Institutional inflows and outflows
A number of large investors have recently changed their holdings in the company. AHL Investment Management Inc. increased its holdings in Walmart by 192.1% in the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after acquiring an additional 15,785 shares in the last quarter. Valley Brook Capital Group Inc. increased its holdings in shares of Walmart by 4.2% in the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after acquiring an additional 315 shares in the last quarter. Core Wealth Advisors Inc. increased its holdings in shares of Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock valued at $237,000 after acquiring an additional 420 shares during the same period. Liberty Wealth Management LLC acquired a new position in Walmart in the first quarter valued at $270,000. Finally, Commerce Bank increased its holdings in Walmart by 189.4% in the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after purchasing an additional 600,521 shares during the same period. 26.76% of the shares are currently owned by institutional investors.
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.
More information
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.
