Walmart (NYSE:WMT) Price Target Raised to $81.00

Walmart (NYSE:WMT) had its price objective increased by Guggenheim from $75.00 to $81.00 in a report issued on Friday, Benzinga reports. The firm currently has a buy rating on the retailer’s stock.

Several other equities analysts also recently weighed in on the stock. Roth Mkm increased their price target on shares of Walmart from $71.00 to $81.00 and gave the stock a buy rating in a report on Friday. DA Davidson raised their target price on shares of Walmart from $75.00 to $85.00 and gave the stock a buy rating in a report on Friday. Tigress Financial upped their price target on shares of Walmart from $75.00 to $86.00 and gave the company a buy rating in a report on Tuesday, July 23rd. Oppenheimer increased their price target on Walmart from $69.00 to $75.00 and gave the stock an outperform rating in a research report on Thursday, June 6th. Finally, Piper Sandler reissued an overweight rating and issued a $83.00 price objective (up previously from $81.00) on shares of Walmart in a report on Friday. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $78.57.

Walmart Price Performance

Shares of WMT opened at $73.45 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The company’s fifty day moving average price is $68.86 and its 200-day moving average price is $63.43. Walmart has a 1-year low of $49.85 and a 1-year high of $74.44. The firm has a market capitalization of $590.80 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 3.95 and a beta of 0.50.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 EPS. On average, equities research analysts predict that Walmart will post 2.43 EPS for the current year.

Insider Activity at Walmart

In other news, SVP David Chojnowski sold 8,791 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the sale, the senior vice president now owns 94,415 shares of the company’s stock, valued at $6,420,220. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP David Chojnowski sold 8,791 shares of the business’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 transaction of $597,788.00. Following the transaction, the senior vice president now directly owns 94,415 shares in the company, valued at approximately $6,420,220. The sale was disclosed in a legal filing with the SEC, which is available at 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 21st. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the completion of the sale, the director now owns 144,807 shares of the company’s stock, valued at $9,386,389.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,000,613 shares of company stock valued at $725,932,010. 45.58% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Traction Financial Partners LLC purchased a new position in Walmart during the second quarter worth about $208,000. Regal Investment Advisors LLC increased its holdings in shares of Walmart by 5.7% during the 2nd quarter. Regal Investment Advisors LLC now owns 84,178 shares of the retailer’s stock worth $5,700,000 after buying an additional 4,564 shares during the last quarter. Invst LLC raised its position in shares of Walmart by 8.2% during the 2nd quarter. Invst LLC now owns 41,525 shares of the retailer’s stock valued at $2,802,000 after buying an additional 3,132 shares during the period. Second Line Capital LLC lifted its holdings in Walmart by 4.5% in the second quarter. Second Line Capital LLC now owns 43,836 shares of the retailer’s stock valued at $2,968,000 after acquiring an additional 1,896 shares during the last quarter. Finally, William B. Walkup & Associates Inc. purchased a new position in Walmart in the second quarter worth approximately $4,812,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Company Profile

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.