Walmart (NYSE:WMT) Stock Price Up 1.4% – What’s Next?

Walmart Inc. (NYSE:WMT) traded up 1.4% during trading on Tuesday . The company traded as high as $91.83 and last traded at $91.66. 2,887,078 shares were traded during mid-day trading, a decline of 83% from the average session volume of 17,063,391 shares. The stock had previously closed at $90.35.

Analysts Set New Price Targets

WMT has been the subject of several recent analyst reports. TD Cowen upped their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Guggenheim raised their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. BMO Capital Markets boosted their target price on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Oppenheimer raised their price target on Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $93.69.

Walmart Stock Up 2.6 %

The business has a 50-day moving average price of $87.71 and a 200-day moving average price of $78.25. The firm has a market cap of $744.53 billion, a P/E ratio of 38.04, a P/E/G ratio of 4.47 and a beta of 0.54. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.51 EPS. On average, equities analysts forecast that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Transactions at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the acquisition, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the transaction, the executive vice president now directly owns 606,165 shares of the company’s stock, valued at approximately $49,123,611.60. This trade represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,412 shares of company stock valued at $12,228,259. Corporate insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WMT. Legacy Wealth Management LLC MS grew its holdings in Walmart by 2.3% during the third quarter. Legacy Wealth Management LLC MS now owns 85,424 shares of the retailer’s stock worth $6,898,000 after acquiring an additional 1,907 shares during the period. 1ST Source Bank boosted its position in Walmart by 1.6% in the 3rd quarter. 1ST Source Bank now owns 65,133 shares of the retailer’s stock worth $5,259,000 after purchasing an additional 998 shares in the last quarter. Alternative Investment Advisors LLC. acquired a new stake in shares of Walmart during the 3rd quarter worth approximately $318,000. DGS Capital Management LLC increased its holdings in shares of Walmart by 18.4% during the 3rd quarter. DGS Capital Management LLC now owns 19,580 shares of the retailer’s stock valued at $1,581,000 after purchasing an additional 3,048 shares in the last quarter. Finally, Copley Financial Group Inc. purchased a new position in shares of Walmart during the 3rd quarter valued at approximately $303,000. 26.76% of the stock is owned by institutional investors and hedge funds.

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.