Walmart (NYSE:WMT) Price Target Raised to $90.00 at Oppenheimer

Walmart (NYSE:WMT) had its price objective raised by Oppenheimer from $81.00 to $90.00 in a report published on Monday morning, MarketBeat Ratings reports. Oppenheimer currently has an outperform rating on the retailer’s stock.

Other equities research analysts have also recently issued reports about the stock. Tigress Financial lifted their price objective on shares of Walmart from $75.00 to $86.00 and gave the stock a buy rating in a research report on Tuesday, July 23rd. Barclays upped their price objective on shares of Walmart from $66.00 to $78.00 and gave the stock an overweight rating in a research report on Friday, August 16th. Evercore ISI boosted their target price on shares of Walmart from $78.00 to $80.00 and gave the company an outperform rating in a report on Thursday, August 22nd. Truist Financial upgraded Walmart from a hold rating to a buy rating and raised their target price for the company from $76.00 to $89.00 in a research note on Tuesday, September 24th. Finally, Jefferies Financial Group lifted their price target on Walmart from $85.00 to $90.00 and gave the stock a buy rating in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of $82.96.

Walmart Trading Up 0.3 %

NYSE WMT opened at $80.33 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The stock has a market capitalization of $646.14 billion, a P/E ratio of 34.33, a PEG ratio of 3.99 and a beta of 0.51. The firm’s 50-day moving average is $76.80 and its two-hundred day moving average is $69.07. Walmart has a 12 month low of $49.85 and a 12 month high of $81.60.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. On average, sell-side analysts anticipate that Walmart will post 2.44 earnings per share for the current year.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the completion of the sale, the executive vice president now owns 606,165 shares in the company, valued at approximately $49,123,611.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the completion of the transaction, the executive vice president now owns 606,165 shares in the company, valued at $49,123,611.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the transaction, the chief executive officer now directly owns 3,931,301 shares in the company, valued at approximately $277,589,163.61. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,335,272 shares of company stock valued at $958,101,276. Insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new stake in Walmart during the 1st quarter valued at about $25,000. Northwest Capital Management Inc increased its position in Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after buying an additional 293 shares in the last quarter. TruNorth Capital Management LLC increased 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 acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. purchased a new position in Walmart during the second quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC boosted its position in shares of Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after purchasing an additional 377 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

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.