Walmart Inc. (NYSE:WMT) Receives $61.75 Consensus Target Price from Analysts

Walmart Inc. (NYSE:WMT) has received an average rating of “Moderate Buy” from the twenty-nine ratings firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and twenty-five have given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $61.75.

A number of analysts have recently commented on WMT shares. Tigress Financial boosted their target price on shares of Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Telsey Advisory Group reissued an “outperform” rating and set a $68.00 target price on shares of Walmart in a report on Wednesday, March 27th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 21st. JPMorgan Chase & Co. boosted their price target on Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a research report on Monday, February 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Walmart from $62.00 to $63.33 and gave the company a “buy” rating in a report on Friday, February 16th.

Insider Buying and Selling at Walmart

In other news, major shareholder Alice L. Walton sold 345,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $60.93, for a total value of $21,020,850.00. Following the sale, the insider now directly owns 652,044,261 shares of the company’s stock, valued at approximately $39,729,056,822.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder Alice L. Walton sold 345,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $60.93, for a total transaction of $21,020,850.00. Following the completion of the transaction, the insider now directly owns 652,044,261 shares in the company, valued at $39,729,056,822.73. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $60.81, for a total value of $798,131.25. Following the completion of the sale, the executive vice president now owns 645,517 shares in the company, valued at approximately $39,253,888.77. The disclosure for this sale can be found here. Insiders have sold 29,019,140 shares of company stock valued at $1,696,035,551 over the last 90 days. 46.51% of the stock is owned by insiders.

Institutional Trading of Walmart

Hedge funds have recently made changes to their positions in the business. Authentikos Wealth Advisory LLC acquired a new position in Walmart during the 3rd quarter worth $25,000. Kozak & Associates Inc. boosted its stake in shares of Walmart by 1,490.0% in the 3rd quarter. Kozak & Associates Inc. now owns 159 shares of the retailer’s stock valued at $25,000 after buying an additional 149 shares during the period. Partnership Wealth Management LLC acquired a new position in shares of Walmart during the fourth quarter worth about $30,000. Able Wealth Management LLC purchased a new stake in shares of Walmart during the fourth quarter worth approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in Walmart in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 0.1 %

Shares of WMT opened at $60.24 on Tuesday. The firm has a market cap of $485.52 billion, a P/E ratio of 31.48, a PEG ratio of 3.93 and a beta of 0.49. Walmart has a 12 month low of $48.34 and a 12 month high of $61.65. The stock’s 50 day moving average is $59.98 and its two-hundred day moving average is $55.86. The company has a current ratio of 0.83, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The firm had revenue of $173.40 billion for the quarter, compared to analyst estimates of $170.85 billion. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS. Analysts predict that Walmart will post 2.36 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be issued a $0.2075 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.83 annualized dividend and a yield of 1.38%. Walmart’s dividend payout ratio (DPR) is currently 43.38%.

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.