Walmart (NYSE:WMT – Get Free Report)‘s stock had its “outperform” rating restated by research analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $105.00 target price on the retailer’s stock. Royal Bank of Canada’s price target points to a potential upside of 14.97% from the stock’s current price.
WMT has been the topic of a number of other reports. Robert W. Baird increased their price objective on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Melius Research began coverage on Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target on the stock. Sanford C. Bernstein boosted their price objective on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Truist Financial upped their target price on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $94.49.
Get Our Latest Stock Report on Walmart
Walmart Stock Down 0.0 %
Walmart (NYSE:WMT – Get Free Report) last announced its 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. On average, research analysts expect that Walmart will post 2.47 earnings per share for the current fiscal year.
Insider Transactions at Walmart
In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the sale, the chief executive officer now directly owns 3,843,929 shares in the company, valued at $318,238,881.91. The trade was a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 138,347 shares of company stock valued at $12,311,491 over the last quarter. Corporate insiders own 45.58% of the company’s stock.
Hedge Funds Weigh In On Walmart
A number of large investors have recently bought and sold shares of WMT. Bradley Foster & Sargent Inc. CT grew its position in Walmart by 4.8% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 202,427 shares of the retailer’s stock valued at $13,706,000 after purchasing an additional 9,275 shares in the last quarter. E Fund Management Co. Ltd. boosted its stake in shares of Walmart by 15.3% during the 2nd quarter. E Fund Management Co. Ltd. now owns 28,002 shares of the retailer’s stock worth $1,896,000 after buying an additional 3,719 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of Walmart by 3.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,214,990 shares of the retailer’s stock valued at $149,977,000 after acquiring an additional 65,048 shares in the last quarter. Meiji Yasuda Life Insurance Co increased its position in shares of Walmart by 8.7% in the second quarter. Meiji Yasuda Life Insurance Co now owns 292,966 shares of the retailer’s stock valued at $19,837,000 after acquiring an additional 23,450 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Walmart by 6.3% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 357,284 shares of the retailer’s stock valued at $24,192,000 after acquiring an additional 21,234 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.
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.
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