Walmart (NYSE:WMT – Get Free Report)Shares of received a reiterated rating of “outperform” from equity analysts at BMO Capital Markets in a research report released Friday, Benzinga reports. Currently, the price target for the retailer’s stock is $80.00. BMO Capital Markets’ price target suggests a potential upside of 8.92% from the stock’s last closing price.
WMT has been the subject of a number of other reports. Raymond James raised their price target on shares of Walmart from $63.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. TD Cowen raised their price target on shares of Walmart from $68.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Stifel Nicolaus raised their price target on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. Telsey Advisory Group raised their price target on shares of Walmart from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Tigress Financial raised their price target on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 23. Three analysts have rated the stock with a “hold” rating, 26 have given a “buy” rating and one has given the stock a “strong buy” rating. According to data from MarketBeat, the stock currently has an average rating of “moderate buy” and an average price target of $77.79.
Get our latest Walmart stock analysis
Walmart price history
WMT stock opened at $73.45 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. Walmart has a 12-month low of $49.85 and a 12-month high of $74.44. The company has a market cap of $590.80 billion, a P/E ratio of 31.39, a PEG ratio of 3.95 and a beta of 0.50. The company’s 50-day average price is $68.86 and its 200-day average price is $63.37.
Walmart (NYSE:WMT – Get Free Report) released its latest earnings results on Thursday, August 15. The retailer reported earnings per share of $0.67 for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same period last year, the company generated earnings per share of $0.61. The company’s quarterly revenue grew 4.7% compared to the same quarter last year. On average, analysts expect Walmart to report earnings per share of $2.43 for the current fiscal year.
Insiders place their bets
In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock on Thursday, August 1. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the sale, the executive vice president now owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock on Thursday, August 1. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the sale, the executive vice president now owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible from the SEC website. Also, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21. The shares were sold at an average price of $64.82, for a total transaction of $1,944,600.00. After the sale, the director now owns 144,807 shares of the company’s stock, valued at approximately $9,386,389.74. The disclosure regarding this sale can be found here. In the last 90 days, insiders sold 11,000,613 shares of the company’s stock, valued at $725,932,010. 45.58% of the shares are currently owned by insiders.
Walmart institutional trading
Hedge funds and other institutional investors have recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in Walmart in the 1st quarter valued at $25,000. Northwest Capital Management Inc. increased its holdings in shares of Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc. now owns 440 shares of the retailer’s stock valued at $26,000 after buying an additional 293 shares in the last quarter. TruNorth Capital Management LLC increased its holdings in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new position in shares of Walmart in the 2nd quarter valued at about $29,000. Finally, Partnership Wealth Management LLC acquired a new position in shares of Walmart in the 4th quarter valued at about $30,000. Institutional investors own 26.76% of the company’s shares.
Walmart Company Profile
(Get free report)
Walmart Inc. operates retail, wholesale, other business and e-commerce businesses worldwide. The company operates through three segments: Walmart US, Walmart International and Sam’s Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash-and-carry stores and discount stores under the Walmart and Walmart Neighborhood Market brands; members-only warehouse clubs; e-commerce websites such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other websites; and mobile commerce applications.
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