Stifel Nicolaus Issues Positive Forecast for Walmart (NYSE:WMT) Stock Price

Walmart (NYSE:WMT) had its price target boosted by equities researchers at Stifel Nicolaus from $85.00 to $89.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the retailer’s stock. Stifel Nicolaus’ target price points to a potential upside of 2.58% from the company’s current price.

Several other equities research analysts have also issued reports on the company. BMO Capital Markets lifted their price target on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday. Jefferies Financial Group upped their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Truist Financial upped their price objective on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday. Melius Research started coverage on Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 target price on the stock. Finally, Guggenheim raised their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $91.51.

Walmart Trading Up 0.2 %

Walmart stock traded up $0.16 during trading hours on Wednesday, hitting $86.76. The stock had a trading volume of 9,419,592 shares, compared to its average volume of 16,802,201. The stock has a market cap of $697.40 billion, a price-to-earnings ratio of 45.05, a P/E/G ratio of 4.19 and a beta of 0.51. The business’s 50 day simple moving average is $81.58 and its 200-day simple moving average is $73.34. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart has a one year low of $49.85 and a one year high of $88.29.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the company posted $0.51 earnings per share. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts predict that Walmart will post 2.44 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the sale, the chief executive officer now owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock valued at $958,823,647 in the last three months. 45.58% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Second Line Capital LLC boosted its position in shares of Walmart by 6.0% during the third quarter. Second Line Capital LLC now owns 46,450 shares of the retailer’s stock worth $3,751,000 after acquiring an additional 2,614 shares during the last quarter. TCW Group Inc. grew its holdings in Walmart by 140.1% during the 3rd quarter. TCW Group Inc. now owns 151,115 shares of the retailer’s stock worth $12,203,000 after acquiring an additional 88,177 shares in the last quarter. Soltis Investment Advisors LLC boosted its holdings in shares of Walmart by 31.9% in the 3rd quarter. Soltis Investment Advisors LLC now owns 11,716 shares of the retailer’s stock valued at $946,000 after buying an additional 2,831 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Walmart by 3.1% in the 3rd quarter. Toronto Dominion Bank now owns 2,337,363 shares of the retailer’s stock valued at $188,742,000 after buying an additional 71,075 shares in the last quarter. Finally, Strait & Sound Wealth Management LLC raised its position in shares of Walmart by 6.1% in the 3rd quarter. Strait & Sound Wealth Management LLC now owns 18,651 shares of the retailer’s stock valued at $1,506,000 after purchasing an additional 1,068 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

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.