Walmart Inc. (NYSE:WMT) Given Consensus Rating of “Moderate Buy” by Brokerages

Walmart Inc. (NYSE:WMT) has received an average rating of “Moderate Buy” from the thirty-one ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, twenty-eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $93.69.

WMT has been the topic of a number of research reports. Truist Financial raised their target price on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. KeyCorp boosted their target price on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Telsey Advisory Group boosted their target price on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Wells Fargo & Company boosted their price objective on Walmart from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Finally, BMO Capital Markets upped their target price on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $80.97, for a total value of $242,910.00. Following the completion of the sale, the executive vice president now directly owns 381,165 shares in the company, valued at approximately $30,862,930.05. The trade was a 0.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,065 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the sale, the executive vice president now owns 457,493 shares of the company’s stock, valued at $36,915,110.17. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,412 shares of company stock valued at $12,721,026. Corporate insiders own 45.58% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WMT. Jennison Associates LLC grew its holdings in shares of Walmart by 479.6% during the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after purchasing an additional 15,290,936 shares in the last quarter. FMR LLC boosted its position in Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after buying an additional 7,200,004 shares in the last quarter. International Assets Investment Management LLC grew its position in Walmart by 8,814.4% during the 3rd quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after acquiring an additional 6,885,106 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after buying an additional 2,786,061 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Down 1.2 %

Shares of WMT opened at $91.66 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart has a 1-year low of $51.87 and a 1-year high of $96.18. The firm has a 50 day simple moving average of $88.60 and a 200-day simple moving average of $78.90. The stock has a market cap of $736.34 billion, a price-to-earnings ratio of 37.62, a price-to-earnings-growth ratio of 4.47 and a beta of 0.54.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 EPS. Equities analysts forecast that Walmart will post 2.47 EPS for the current fiscal year.

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.