Walmart Inc. (NYSE:WMT) Receives $93.69 Consensus Target Price from Analysts

Walmart Inc. (NYSE:WMT) has received an average rating of “Moderate Buy” from the thirty-one brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $93.69.

A number of analysts have recently weighed in on the company. Telsey Advisory Group increased their price objective on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Tigress Financial raised their price target on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Robert W. Baird upped their price objective on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, DZ Bank cut Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a research note on Thursday, November 21st.

Walmart Price Performance

Shares of NYSE:WMT opened at $90.78 on Friday. The company’s fifty day moving average is $89.41 and its 200 day moving average is $79.72. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart has a 52 week low of $51.87 and a 52 week high of $96.18. The stock has a market cap of $729.27 billion, a PE ratio of 37.26, a PEG ratio of 4.47 and a beta of 0.54.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.51 earnings per share. Research analysts anticipate that Walmart will post 2.47 earnings per share for the current year.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the transaction, the chief executive officer now directly owns 3,843,929 shares in the company, valued at $318,238,881.91. This trade represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 140,412 shares of company stock worth $12,478,116. 45.58% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Peterson Financial Group Inc. purchased a new position in Walmart in the 3rd quarter worth about $26,000. Voisard Asset Management Group Inc. grew its stake in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the period. Hoese & Co LLP purchased a new position in shares of Walmart during the third quarter valued at approximately $33,000. Livelsberger Financial Advisory purchased a new stake in Walmart in the third quarter worth approximately $36,000. Finally, Hara Capital LLC bought a new stake in Walmart in the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

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.