Walmart (NYSE:WMT) PT Raised to $86.00 at Tigress Financial

Walmart (NYSE:WMT) had its target price boosted by Tigress Financial from $75.00 to $86.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the retailer’s stock.

WMT has been the subject of a number of other research reports. Raymond James increased their target price on Walmart from $63.00 to $70.00 and gave the company an outperform rating in a research note on Friday, May 17th. JPMorgan Chase & Co. raised shares of Walmart from a neutral rating to an overweight rating and increased their price objective for the company from $66.00 to $81.00 in a research report on Monday, June 10th. Truist Financial boosted their target price on shares of Walmart from $60.00 to $64.00 and gave the stock a hold rating in a research report on Friday, May 17th. The Goldman Sachs Group raised their price target on shares of Walmart from $64.33 to $73.00 and gave the company a buy rating in a report on Friday, May 17th. Finally, HSBC boosted their price objective on shares of Walmart from $70.00 to $81.00 and gave the stock a buy rating in a report on Tuesday, June 11th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $71.60.

Walmart Price Performance

WMT opened at $69.79 on Tuesday. Walmart has a 52-week low of $49.85 and a 52-week high of $71.33. The company has a 50 day moving average of $67.81 and a two-hundred day moving average of $61.75. The company has a market cap of $561.36 billion, a P/E ratio of 29.87, a P/E/G ratio of 4.07 and a beta of 0.50. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same quarter in the previous year, the business posted $0.49 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts expect that Walmart will post 2.43 earnings per share for the current year.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the transaction, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the transaction, the executive vice president now owns 521,613 shares in the company, valued at $30,816,896.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the sale, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. The disclosure for this sale can be found here. Insiders have sold a total of 14,540,863 shares of company stock worth $954,424,817 in the last three months. 45.58% of the stock is owned by company insiders.

Hedge Funds Weigh In On Walmart

Several hedge funds have recently modified their holdings of the company. AHL Investment Management Inc. boosted its position in shares of Walmart by 192.1% during the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after purchasing an additional 15,785 shares in the last quarter. Valley Brook Capital Group Inc. boosted its holdings in Walmart by 4.2% during the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after buying an additional 315 shares in the last quarter. Core Wealth Advisors Inc. boosted its holdings in Walmart by 38.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after buying an additional 420 shares in the last quarter. Liberty Wealth Management LLC acquired a new position in Walmart in the first quarter worth approximately $270,000. Finally, Commerce Bank lifted its position in shares of Walmart by 189.4% during the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after acquiring an additional 600,521 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.