Walmart Inc. (NYSE:WMT) Receives $106.50 Average PT from Analysts

Shares of Walmart Inc. (NYSE:WMTGet Free Report) have been given an average recommendation of “Moderate Buy” by the thirty-two brokerages that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, twenty-nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $106.50.

WMT has been the subject of a number of research analyst reports. Truist Financial upped their target price on Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Evercore ISI upped their price target on Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Stifel Nicolaus dropped their price target on Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Erste Group Bank cut Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, UBS Group dropped their price target on Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, April 10th.

Check Out Our Latest Report on WMT

Insider Buying and Selling at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $93.50, for a total value of $374,000.00. Following the completion of the transaction, the executive vice president now owns 1,096,455 shares of the company’s stock, valued at $102,518,542.50. This represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the sale, the executive vice president now directly owns 945,434 shares of the company’s stock, valued at approximately $90,619,848.90. The trade was a 1.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold 152,419 shares of company stock worth $14,295,650 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Institutional Trading of Walmart

Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in Walmart in the fourth quarter worth $5,737,355,000. Nuveen LLC acquired a new stake in shares of Walmart during the first quarter worth $2,532,331,000. Raymond James Financial Inc. acquired a new stake in shares of Walmart during the fourth quarter worth $2,306,627,000. GAMMA Investing LLC raised its holdings in shares of Walmart by 9,896.9% during the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer’s stock worth $697,029,000 after acquiring an additional 7,860,306 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Walmart by 30.1% during the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer’s stock worth $2,922,770,000 after acquiring an additional 7,706,201 shares during the period. 26.76% of the stock is owned by institutional investors.

Walmart Stock Performance

WMT opened at $98.04 on Friday. The company has a market capitalization of $782.37 billion, a price-to-earnings ratio of 41.90, a price-to-earnings-growth ratio of 4.78 and a beta of 0.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart has a 1-year low of $66.55 and a 1-year high of $105.30. The business has a 50 day moving average price of $96.53 and a two-hundred day moving average price of $94.18.

Walmart (NYSE:WMTGet Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. Research analysts predict that Walmart will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were issued a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s dividend payout ratio is presently 40.17%.

About Walmart

(Get Free Report

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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Analyst Recommendations for Walmart (NYSE:WMT)

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