Piper Sandler Issues Positive Forecast for Walmart (NYSE:WMT) Stock Price

Walmart (NYSE:WMT) had its price target increased by Piper Sandler from $83.00 to $93.00 in a research note released on Monday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the retailer’s stock.

Other equities analysts also recently issued research reports about the stock. Roth Mkm increased their price objective on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Redburn Atlantic raised Walmart to a “strong-buy” rating in a report on Monday, September 23rd. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Evercore ISI lifted their price target on Walmart from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets raised their price objective on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday. One research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart currently has an average rating of “Buy” and a consensus target price of $86.71.

Walmart Stock Performance

NYSE:WMT opened at $84.09 on Monday. Walmart has a twelve month low of $49.85 and a twelve month high of $85.79. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The stock’s 50-day simple moving average is $81.43 and its 200 day simple moving average is $73.15. The firm has a market capitalization of $675.94 billion, a PE ratio of 43.72, a price-to-earnings-growth ratio of 4.20 and a beta of 0.51.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the firm’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 value of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares in the company, valued at $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 three months, 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 business. EntryPoint Capital LLC purchased a new stake in shares of Walmart during the 1st quarter valued at $25,000. Peterson Financial Group Inc. purchased a new stake in Walmart during the third quarter worth about $26,000. TruNorth Capital Management LLC raised its position in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the period. Cultivar Capital Inc. purchased a new position in Walmart in the second quarter valued at about $29,000. Finally, FSA Wealth Management LLC grew its position in shares of Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after acquiring an additional 377 shares during the period. 26.76% of the stock is owned by 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.