Walmart (NYSE:WMT - Get Free Report) had its target price raised by analysts at Telsey Advisory Group from $82.00 to $92.00 in a research report issued on Tuesday, Briefing.com reports. The brokerage currently has an "outperform" rating on the retailer's stock. Telsey Advisory Group's price objective points to a potential upside of 16.26% from the stock's previous close.
A number of other research analysts also recently weighed in on the company. BMO Capital Markets reaffirmed an "outperform" rating and set a $80.00 price target on shares of Walmart in a research note on Friday, August 16th. Royal Bank of Canada upped their price target on Walmart from $74.00 to $80.00 and gave the stock an "outperform" rating in a research note on Friday, August 16th. Evercore ISI upped their price target on Walmart from $78.00 to $80.00 and gave the stock an "outperform" rating in a research note on Thursday, August 22nd. Jefferies Financial Group upped their price target on Walmart from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, September 4th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $83.00 price target (up from $81.00) on shares of Walmart in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart currently has an average rating of "Buy" and an average target price of $81.96.
View Our Latest Analysis on Walmart
Shares of Walmart stock opened at $79.13 on Tuesday. Walmart has a one year low of $49.85 and a one year high of $81.60. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The stock's 50-day moving average is $75.48 and its 200 day moving average is $68.26. The firm has a market cap of $636.07 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 4.05 and a beta of 0.51.
Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter in the prior year, the company earned $0.61 EPS. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that Walmart will post 2.44 EPS for the current year.
In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the firm's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of Walmart stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,670 shares of company stock worth $958,267,937 over the last 90 days. Corporate insiders own 45.58% of the company's stock.
Several large investors have recently modified their holdings of the business. Syverson Strege & Co grew its stake in shares of Walmart by 2.6% in the fourth quarter. Syverson Strege & Co now owns 3,377 shares of the retailer's stock worth $532,000 after purchasing an additional 85 shares during the last quarter. Pin Oak Investment Advisors Inc. boosted its position in Walmart by 1.6% during the 4th quarter. Pin Oak Investment Advisors Inc. now owns 6,166 shares of the retailer's stock valued at $975,000 after acquiring an additional 100 shares in the last quarter. Pinnacle Holdings LLC grew its holdings in shares of Walmart by 0.9% during the 4th quarter. Pinnacle Holdings LLC now owns 11,560 shares of the retailer's stock worth $1,822,000 after acquiring an additional 108 shares during the period. Trust Co of the South grew its holdings in shares of Walmart by 0.5% during the 3rd quarter. Trust Co of the South now owns 25,647 shares of the retailer's stock worth $2,071,000 after acquiring an additional 138 shares during the period. Finally, Power Corp of Canada grew its holdings in shares of Walmart by 0.5% during the 4th quarter. Power Corp of Canada now owns 30,005 shares of the retailer's stock worth $4,730,000 after acquiring an additional 139 shares during the period. 26.76% of the stock is owned by institutional investors.
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.
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