Brokerages Set Walmart Inc. (NYSE:WMT) PT at $70.47

Walmart Inc. (NYSE:WMTGet Free Report) has received an average rating of “Moderate Buy” from the thirty ratings firms that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and twenty-seven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $70.83.

A number of research analysts recently commented on the company. BMO Capital Markets raised their price target on Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. KeyCorp boosted their target price on shares of Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Robert W. Baird lifted their price target on Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Evercore ISI lifted their target price on shares of Walmart from $72.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday, June 20th. Finally, JPMorgan Chase & Co. upgraded shares of Walmart from a “neutral” rating to an “overweight” rating and upped their price target for the company from $66.00 to $81.00 in a research report on Monday, June 10th.

Get Our Latest Stock Report on Walmart

Walmart Price Performance

Shares of Walmart stock opened at $69.79 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. The stock has a market capitalization of $561.36 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 4.02 and a beta of 0.50. Walmart has a twelve month low of $49.85 and a twelve month high of $70.45. The company has a 50-day simple moving average of $65.76 and a two-hundred day simple moving average of $60.40.

Walmart (NYSE:WMTGet Free Report) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 earnings per share. Analysts forecast that Walmart will post 2.43 EPS for the current year.

Insider Buying and Selling at Walmart

In other news, SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the transaction, the senior vice president now owns 94,415 shares in the company, valued at $6,420,220. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the transaction, the senior vice president now directly owns 94,415 shares of the company’s stock, valued at $6,420,220. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 3,633,800 shares of Walmart stock in a transaction on Monday, June 10th. The stock was sold at an average price of $66.80, for a total value of $242,737,840.00. Following the sale, the insider now owns 636,898,811 shares in the company, valued at $42,544,840,574.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,525,340 shares of company stock valued at $953,023,399. Corporate insiders own 45.58% of the company’s stock.

Institutional Trading of Walmart

A number of institutional investors have recently modified their holdings of WMT. Partnership Wealth Management LLC purchased a new stake in Walmart during the 4th quarter worth about $30,000. Able Wealth Management LLC purchased a new stake in shares of Walmart in the fourth quarter worth about $30,000. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Walmart in the fourth quarter worth about $32,000. Signature Resources Capital Management LLC bought a new position in Walmart in the 4th quarter valued at $35,000. Finally, Tidemark LLC bought a new stake in Walmart during the fourth quarter valued at $37,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

About Walmart

(Get Free Report

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.

See Also

Analyst Recommendations for Walmart (NYSE:WMT)

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