Walmart (NYSE:WMT) Trading Up 1.9% After Analyst Upgrade

Shares of Walmart Inc. (NYSE:WMT) shot up 1.9% during trading on Wednesday after Tigress Financial raised their price target on the stock from $125.00 to $130.00. Tigress Financial currently has a buy rating on the stock. Walmart traded as high as $114.89 and last traded at $114.4990. 24,394,206 shares changed hands during mid-day trading, an increase of 31% from the average session volume of 18,555,662 shares. The stock had previously closed at $112.41.

Several other research firms have also recently issued reports on WMT. Evercore ISI reissued an “outperform” rating and set a $115.00 price target (up from $111.00) on shares of Walmart in a report on Friday, November 21st. Guggenheim reiterated a “buy” rating and set a $120.00 target price (up previously from $115.00) on shares of Walmart in a research report on Friday, November 21st. KeyCorp reissued an “overweight” rating and set a $120.00 target price (up from $110.00) on shares of Walmart in a research note on Friday, November 21st. UBS Group restated a “buy” rating on shares of Walmart in a research note on Friday, November 14th. Finally, Bank of America upped their price objective on Walmart from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, September 17th. Thirty-one equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $119.00.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $109.57, for a total value of $2,127,411.12. Following the completion of the transaction, the chief executive officer owned 4,334,747 shares in the company, valued at $474,958,228.79. This trade represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $111.23, for a total transaction of $244,706.00. Following the completion of the sale, the executive vice president owned 617,318 shares in the company, valued at $68,664,281.14. This represents a 0.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 158,013 shares of company stock valued at $16,657,847 in the last three months. 0.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Brighton Jones LLC lifted its holdings in Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock valued at $8,868,000 after purchasing an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock worth $800,000 after acquiring an additional 485 shares during the last quarter. Exencial Wealth Advisors LLC grew its stake in Walmart by 3.4% in the 1st quarter. Exencial Wealth Advisors LLC now owns 28,125 shares of the retailer’s stock worth $2,469,000 after acquiring an additional 931 shares during the period. Primecap Management Co. CA raised its holdings in Walmart by 41.7% in the 1st quarter. Primecap Management Co. CA now owns 95,250 shares of the retailer’s stock valued at $8,362,000 after acquiring an additional 28,050 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in shares of Walmart by 28.0% during the first quarter. Chicago Partners Investment Group LLC now owns 51,436 shares of the retailer’s stock worth $4,516,000 after purchasing an additional 11,238 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Up 0.4%

The firm has a market cap of $915.68 billion, a price-to-earnings ratio of 40.16, a PEG ratio of 5.29 and a beta of 0.64. The company has a quick ratio of 0.24, a current ratio of 0.80 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average price of $104.82 and a 200-day moving average price of $100.71.

Walmart (NYSE:WMT) last released its earnings results on Thursday, November 20th. The retailer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.02. Walmart had a return on equity of 21.31% and a net margin of 3.26%.The firm had revenue of $179.50 billion for the quarter, compared to the consensus estimate of $175.15 billion. During the same period in the prior year, the business posted $0.58 earnings per share. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

About Walmart

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.