Walmart (NYSE:WMT) Trading Up 0% After Analyst Upgrade

Walmart Inc. (NYSE:WMT)’s stock price traded up 0% during mid-day trading on Thursday after Tigress Financial raised their price target on the stock from $86.00 to $115.00. Tigress Financial currently has a buy rating on the stock. Walmart traded as high as $95.72 and last traded at $94.99. 2,428,839 shares traded hands during trading, a decline of 86% from the average session volume of 16,869,299 shares. The stock had previously closed at $94.96.

Several other equities research analysts also recently weighed in on WMT. Evercore ISI upped their target price on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. UBS Group upped their price objective on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird lifted their target price on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Truist Financial upped their price target on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, DA Davidson lifted their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $93.33.

Insider Transactions at Walmart

In other news, major shareholder S Robson Walton sold 359,616 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $78.25, for a total transaction of $28,139,952.00. Following the completion of the sale, the insider now owns 603,989,702 shares in the company, valued at approximately $47,262,194,181.50. This represents a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the transaction, the director now directly owns 7,805 shares in the company, valued at $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 2,309,091 shares of company stock worth $183,375,539. Insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Peterson Financial Group Inc. acquired a new position in Walmart during the 3rd quarter worth approximately $26,000. Voisard Asset Management Group Inc. grew its holdings in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the period. Hoese & Co LLP purchased a new position in Walmart in the third quarter worth $33,000. Cultivar Capital Inc. acquired a new stake in Walmart in the second quarter valued at $29,000. Finally, Livelsberger Financial Advisory purchased a new stake in shares of Walmart during the 3rd quarter worth $36,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Performance

The stock’s 50 day moving average price is $85.83 and its two-hundred day moving average price is $76.74. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $757.19 billion, a price-to-earnings ratio of 38.63, a PEG ratio of 4.51 and a beta of 0.54.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $167.69 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts forecast that Walmart Inc. will post 2.47 EPS for the current 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.