Walmart Inc. (NYSE:WMT) Receives $83.92 Consensus Target Price from Analysts

Shares of Walmart Inc. (NYSE:WMT) have been given a consensus recommendation of “Buy” by the thirty-one ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, twenty-nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $83.92.

A number of analysts have issued reports on the stock. Melius Research assumed coverage on shares of Walmart in a report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target on the stock. Telsey Advisory Group lifted their target price on Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Evercore ISI boosted their target price on Walmart from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Barclays raised their price target on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 16th. Finally, Truist Financial raised shares of Walmart from a “hold” rating to a “buy” rating and raised their target price for the company from $76.00 to $89.00 in a report on Tuesday, September 24th.

Walmart Stock Performance

NYSE WMT opened at $84.21 on Friday. The business has a 50-day moving average price of $80.53 and a 200-day moving average price of $72.10. The firm has a market cap of $676.90 billion, a price-to-earnings ratio of 44.07, a price-to-earnings-growth ratio of 4.25 and a beta of 0.51. Walmart has a twelve month low of $49.85 and a twelve month high of $85.54. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same period last year, the firm posted $0.61 EPS. The company’s revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts predict that Walmart will post 2.44 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Alice L. Walton sold 2,375,563 shares of Walmart stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total value of $182,823,328.48. Following the transaction, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the completion of the sale, the insider now directly owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the transaction, the executive vice president now directly owns 384,165 shares in the company, valued at $29,765,104.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock worth $958,823,647 in the last three months. Corporate insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

A number of large investors have recently bought and sold shares of the company. CAP Partners LLC increased its position in shares of Walmart by 2.1% during the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock valued at $489,000 after purchasing an additional 125 shares during the last quarter. Investment Advisory Group LLC grew its position in Walmart by 2.1% during the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after buying an additional 126 shares during the period. Jag Capital Management LLC increased its holdings in Walmart by 1.4% during the third quarter. Jag Capital Management LLC now owns 9,413 shares of the retailer’s stock worth $760,000 after buying an additional 132 shares during the last quarter. Professional Financial Advisors LLC raised its position in Walmart by 0.6% in the third quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after acquiring an additional 137 shares during the period. Finally, Inspire Advisors LLC raised its position in Walmart by 2.1% in the third quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock worth $539,000 after acquiring an additional 137 shares during the period. Hedge funds and other institutional investors 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.