Walmart Inc. (NYSE:WMT) Receives $94.69 Average PT from Analysts

Walmart Inc. (NYSE:WMTGet Free Report) has received an average rating of “Moderate Buy” from the thirty-one ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two 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 12 month price target among brokerages that have updated their coverage on the stock in the last year is $94.69.

Several research firms recently weighed in on WMT. BMO Capital Markets lifted their price target on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Telsey Advisory Group lifted their price objective on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Royal Bank of Canada reiterated an “outperform” rating and set a $105.00 price objective on shares of Walmart in a research note on Wednesday, January 15th. Tigress Financial lifted their price objective on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Barclays lifted their price objective on Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th.

View Our Latest Analysis on Walmart

Walmart Trading Up 1.1 %

NYSE WMT opened at $94.84 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart has a twelve month low of $53.47 and a twelve month high of $96.18. The firm has a market capitalization of $761.90 billion, a PE ratio of 38.92, a P/E/G ratio of 4.42 and a beta of 0.55. The stock’s 50 day moving average is $92.02 and its 200 day moving average is $82.13.

Walmart (NYSE:WMTGet Free Report) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the previous year, the company posted $0.51 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. Research analysts forecast that Walmart will post 2.48 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $92.00, for a total value of $1,207,500.00. Following the transaction, the executive vice president now directly owns 579,915 shares in the company, valued at approximately $53,352,180. This represents a 2.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the acquisition, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 140,177 shares of company stock worth $12,895,688 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares in the last quarter. FMR LLC raised its stake in shares of 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 acquiring an additional 7,200,004 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Walmart by 4.6% in the third 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. Franklin Resources Inc. raised its stake in shares of Walmart by 3.7% in the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after acquiring an additional 1,480,927 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Walmart by 1.8% in the second quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after acquiring an additional 644,353 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

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.

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