Brokerages Set Walmart Inc. (NYSE:WMT) Price Target at $93.69

Shares of Walmart Inc. (NYSE:WMT) have been assigned a consensus rating of “Moderate Buy” from the thirty-one analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $93.69.

A number of brokerages have weighed in on WMT. Tigress Financial lifted their price target on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. BMO Capital Markets boosted their price target on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Truist Financial raised their price objective on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Sanford C. Bernstein boosted their target price on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Morgan Stanley boosted their price objective on shares of Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th.

Walmart Trading Down 0.2 %

Shares of Walmart stock opened at $90.35 on Friday. Walmart has a fifty-two week low of $51.87 and a fifty-two week high of $96.18. The business’s fifty day moving average is $88.97 and its two-hundred day moving average is $79.32. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market cap of $725.82 billion, a PE ratio of 37.08, a P/E/G ratio of 4.47 and a beta of 0.54.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping 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 return on equity of 21.78% and a net margin of 2.92%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.51 EPS. Analysts anticipate that Walmart will post 2.47 earnings per share for the current year.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the sale, the chief executive officer now directly owns 3,785,702 shares in the company, valued at $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 2,065 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the sale, the executive vice president now directly owns 457,493 shares in the company, valued at $36,915,110.17. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,412 shares of company stock worth $12,478,116. Insiders own 45.58% of the company’s stock.

Institutional Trading of Walmart

Several institutional investors and hedge funds have recently added to or reduced their stakes in WMT. Peterson Financial Group Inc. acquired a new stake in shares of Walmart in the third quarter worth $26,000. Voisard Asset Management Group Inc. boosted its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the period. Hoese & Co LLP bought a new position in Walmart in the 3rd quarter worth $33,000. Livelsberger Financial Advisory acquired a new position in shares of Walmart during the 3rd quarter worth about $36,000. Finally, Hara Capital LLC acquired a new position in shares of Walmart during the third quarter worth approximately $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

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.