Walmart (NYSE:WMT) Stock Price Expected to Rise, TD Cowen Analyst Says

Walmart (NYSE:WMT) had its price target increased by equities researchers at TD Cowen from $90.00 to $100.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the retailer’s stock. TD Cowen’s target price indicates a potential upside of 13.22% from the company’s current price.

Other analysts also recently issued research reports about the stock. Stifel Nicolaus increased their price objective on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Bank of America increased 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. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Finally, Roth Mkm raised their price target on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $91.49.

Walmart Trading Up 1.3 %

WMT stock opened at $88.32 on Wednesday. The company’s 50-day simple moving average is $81.92 and its 200-day simple moving average is $73.54. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. Walmart has a 52-week low of $49.85 and a 52-week high of $88.64. The firm has a market cap of $709.94 billion, a P/E ratio of 36.25, a PEG ratio of 4.33 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.51 EPS. As a group, equities analysts forecast that Walmart will post 2.47 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the transaction, the executive vice president now owns 593,040 shares of the company’s stock, valued at $49,198,598.40. The trade was a 2.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

Institutional investors have recently modified their holdings of the company. EntryPoint Capital LLC acquired a new position in Walmart during the first quarter worth approximately $25,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart in the third quarter worth $26,000. TruNorth Capital Management LLC boosted its stake in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. purchased a new position in shares of Walmart in the second quarter valued at $29,000. Finally, FSA Wealth Management LLC boosted its stake in shares of Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after purchasing an additional 377 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

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.