Walmart (NYSE:WMT) PT Raised to $71.00

Walmart (NYSE:WMT) had its price target hoisted by Stifel Nicolaus from $69.00 to $71.00 in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm currently has a hold rating on the retailer’s stock.

Several other research firms have also commented on WMT. Roth Mkm increased their price objective on shares of Walmart from $69.00 to $71.00 and gave the company a buy rating in a research note on Friday, May 17th. Citigroup raised their price objective on shares of Walmart from $63.33 to $75.00 and gave the stock a buy rating in a report on Friday, May 17th. Truist Financial raised their price objective on shares of Walmart from $60.00 to $64.00 and gave the stock a hold rating in a report on Friday, May 17th. JPMorgan Chase & Co. raised shares of Walmart from a neutral rating to an overweight rating and raised their price objective for the stock from $66.00 to $81.00 in a report on Monday, June 10th. Finally, Tigress Financial increased their target price on shares of Walmart from $65.00 to $75.00 and gave the stock a buy rating in a research note on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat, Walmart presently has an average rating of Moderate Buy and a consensus price target of $70.47.

Walmart Trading Up 0.2 %

WMT opened at $68.24 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. Walmart has a fifty-two week low of $49.85 and a fifty-two week high of $69.04. The firm has a market capitalization of $548.89 billion, a PE ratio of 29.20, a P/E/G ratio of 3.92 and a beta of 0.50. The company’s 50-day moving average is $64.57 and its 200 day moving average is $59.71.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.52 by $0.08. The firm had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. As a group, research analysts predict that Walmart will post 2.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the sale, the insider now owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Walmart news, EVP John D. Rainey sold 25,578 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the sale, the executive vice president now owns 390,165 shares of the company’s stock, valued at approximately $26,367,350.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the completion of the sale, the insider now directly owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The disclosure for this sale can be found here. Insiders have sold a total of 14,525,340 shares of company stock valued at $953,023,399 in the last quarter. Insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

A number of large investors have recently modified their holdings of WMT. EntryPoint Capital LLC bought a new stake in shares of Walmart during the 1st quarter valued at about $25,000. Northwest Capital Management Inc boosted its stake in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares in the last quarter. Partnership Wealth Management LLC bought a new stake in Walmart during the fourth quarter worth about $30,000. Able Wealth Management LLC bought a new stake in Walmart during the fourth quarter worth about $30,000. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in Walmart during the fourth quarter worth about $32,000. Institutional investors own 26.76% of the company’s stock.

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.