Walmart (NYSE:WMT) Stock Price Expected to Rise, Telsey Advisory Group Analyst Says

Walmart (NYSE:WMT) had its price target hoisted by investment analysts at Telsey Advisory Group from $92.00 to $100.00 in a report released on Tuesday, MarketBeat reports. The firm presently has an “outperform” rating on the retailer’s stock. Telsey Advisory Group’s price target points to a potential upside of 14.71% from the stock’s previous close.

Several other analysts have also issued reports on the company. Truist Financial upgraded Walmart from a “hold” rating to a “buy” rating and upped their price objective for the company from $76.00 to $89.00 in a research note on Tuesday, September 24th. BMO Capital Markets upped their price objective on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday. Evercore ISI upped their price objective on Walmart from $66.00 to $89.00 and gave the company an “overweight” rating in a research note on Monday. Guggenheim upped their price objective on Walmart from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Jefferies Financial Group increased their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Walmart has an average rating of “Buy” and a consensus price target of $91.51.

Walmart Stock Performance

Shares of NYSE WMT opened at $87.18 on Tuesday. The stock has a 50 day moving average price of $81.75 and a 200 day moving average price of $73.43. Walmart has a 52 week low of $49.85 and a 52 week high of $88.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a market capitalization of $700.77 billion, a PE ratio of 45.33, a price-to-earnings-growth ratio of 4.19 and a beta of 0.51.

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

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the sale, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The trade was a 0.66 % 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 90 days. 45.58% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after buying an additional 2,786,061 shares during the period. FMR LLC lifted its holdings in Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after buying an additional 7,200,004 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock worth $3,421,342,000 after buying an additional 36,625,314 shares during the period. Fisher Asset Management LLC lifted its holdings in Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares during the period. Finally, Legal & General Group Plc lifted its holdings in Walmart by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock worth $2,456,704,000 after buying an additional 644,353 shares during the period. 26.76% of the stock is 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.