Walmart Inc. (NYSE:WMT) Receives $82.96 Consensus PT from Analysts

Shares of Walmart Inc. (NYSE:WMT) have earned an average recommendation of “Buy” from the thirty research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, twenty-eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $82.96.

A number of equities research analysts recently weighed in on the company. UBS Group upped their price target on Walmart from $81.00 to $92.00 and gave the stock a “buy” rating in a report on Friday, October 11th. JPMorgan Chase & Co. raised their price target on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Friday, August 16th. DA Davidson boosted their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Oppenheimer raised their target price on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Tigress Financial upped their price target on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the sale, the executive vice president now directly owns 387,165 shares in the company, valued at $26,787,946.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the sale, the executive vice president now owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,267,901. 45.58% of the stock is owned by insiders.

Institutional Investors Weigh In On Walmart

Institutional investors and hedge funds have recently modified their holdings of the stock. EntryPoint Capital LLC purchased a new stake in shares of Walmart during the first quarter valued at approximately $25,000. Northwest Capital Management Inc increased its stake in Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares during the period. TruNorth Capital Management LLC lifted its holdings in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new position in Walmart in the 2nd quarter valued at about $29,000. Finally, FSA Wealth Management LLC grew its stake in shares of Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after acquiring an additional 377 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $80.81 on Tuesday. 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 one year low of $49.85 and a one year high of $81.82. The company has a market cap of $650.00 billion, a P/E ratio of 34.53, a price-to-earnings-growth ratio of 4.07 and a beta of 0.51. The business has a fifty day moving average of $78.14 and a two-hundred day moving average of $69.83.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same quarter last year, the business earned $0.61 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts predict that Walmart will post 2.44 earnings per share for the current fiscal year.

About Walmart

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.