Walmart (NYSE:WMT) Price Target Raised to $86.00

Walmart (NYSE:WMT) had its price target raised by research analysts at Tigress Financial from $75.00 to $86.00 in a report issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the retailer’s stock. Tigress Financial’s price objective would indicate a potential upside of 21.73% from the company’s previous close.

A number of other research analysts also recently commented on the company. BMO Capital Markets boosted their target price on Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Bank of America boosted their price target on Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Robert W. Baird lifted their target price on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Evercore ISI boosted their target price on shares of Walmart from $73.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Finally, Roth Mkm raised their price target on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average price target of $71.44.

Walmart Stock Up 0.4 %

NYSE WMT traded up $0.27 during trading on Tuesday, reaching $70.65. 9,252,053 shares of the company’s stock were exchanged, compared to its average volume of 17,335,285. The firm has a market capitalization of $568.28 billion, a PE ratio of 30.24, a P/E/G ratio of 4.08 and a beta of 0.50. Walmart has a fifty-two week low of $49.85 and a fifty-two week high of $71.33. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $67.16 and its 200-day simple moving average is $61.38.

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

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, SVP David Chojnowski sold 8,791 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total value of $597,788.00. Following the completion of the sale, the senior vice president now directly owns 94,415 shares in the company, valued at $6,420,220. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction dated 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 transaction, the insider now 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 14,527,738 shares of company stock worth $953,190,060 over the last three months. Company insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

Institutional investors have recently modified their holdings of the stock. AHL Investment Management Inc. boosted its position in Walmart by 192.1% in the 1st quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock valued at $1,444,000 after buying an additional 15,785 shares during the last quarter. Valley Brook Capital Group Inc. boosted its holdings in Walmart by 4.2% in the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after acquiring an additional 315 shares during the last quarter. Core Wealth Advisors Inc. increased its position in Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after purchasing an additional 420 shares during the period. Liberty Wealth Management LLC bought a new stake in Walmart during the 1st quarter worth about $270,000. Finally, Commerce Bank lifted its position in Walmart by 189.4% during the 1st quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after purchasing an additional 600,521 shares during the period. 26.76% of the stock is owned by institutional investors.

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.