Walmart (NYSE:WMT) Price Target Raised to $111.00

Walmart (NYSE:WMT) had its price objective increased by Jefferies Financial Group from $105.00 to $111.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a buy rating on the retailer’s stock.

Several other brokerages have also recently issued reports on WMT. UBS Group raised their price objective on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. DZ Bank downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a research report on Thursday, November 21st. Truist Financial boosted their price objective 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. Piper Sandler raised their target price on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Finally, Bank of America upped their target price on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $93.69.

Walmart Price Performance

Shares of WMT stock opened at $93.40 on Tuesday. The firm has a market cap of $750.32 billion, a P/E ratio of 38.33, a P/E/G ratio of 4.47 and a beta of 0.54. The firm has a fifty day moving average of $87.27 and a two-hundred day moving average of $77.75. 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 $51.21 and a 1-year high of $96.18.

Walmart (NYSE:WMT) last announced its quarterly earnings data 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 firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the previous year, the company earned $0.51 earnings per share. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, research analysts anticipate that Walmart will post 2.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the sale, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. This trade represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $81.04, for a total value of $1,063,650.00. Following the transaction, the executive vice president now directly owns 606,165 shares in the company, valued at $49,123,611.60. The trade was a 2.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 143,412 shares of company stock worth $12,228,259. Company insiders own 45.58% of the company’s stock.

Institutional Trading of Walmart

Several institutional investors have recently made changes to their positions in WMT. Peterson Financial Group Inc. purchased a new stake in Walmart in the 3rd quarter worth approximately $26,000. Voisard Asset Management Group Inc. raised its holdings in shares of 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 in the last quarter. Hoese & Co LLP acquired a new stake in Walmart during the third quarter valued at $33,000. Cultivar Capital Inc. purchased a new position in Walmart in the second quarter valued at about $29,000. Finally, Livelsberger Financial Advisory acquired a new position in Walmart in the 3rd quarter worth about $36,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Company Profile

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.