Walmart (NYSE:WMT) Receives New Coverage from Analysts at Piper Sandler

Piper Sandler assumed coverage on shares of Walmart (NYSE:WMTGet Rating) in a research note published on Friday morning, The Fly reports. The firm issued a neutral rating and a $135.00 target price on the retailer’s stock.

Several other brokerages have also recently weighed in on WMT. Stephens decreased their price target on Walmart to $160.00 and set an underweight rating for the company in a research note on Thursday, May 19th. Gordon Haskett decreased their price target on Walmart from $140.00 to $135.00 and set a hold rating for the company in a research note on Wednesday, May 18th. Bank of America decreased their price target on Walmart from $190.00 to $160.00 and set a buy rating for the company in a research note on Wednesday, May 18th. Evercore ISI decreased their price target on Walmart from $140.00 to $135.00 and set an in-line rating for the company in a research note on Wednesday, May 18th. Finally, DA Davidson raised their target price on Walmart from $168.00 to $171.00 and gave the stock a buy rating in a research note on Friday, April 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $155.96.

Walmart Price Performance

Walmart stock opened at $132.21 on Friday. Walmart has a 1 year low of $117.27 and a 1 year high of $160.77. The company has a current ratio of 0.86, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $362.41 billion, a P/E ratio of 28.43, a PEG ratio of 3.75 and a beta of 0.52. The business has a 50-day moving average of $124.82 and a 200-day moving average of $138.02.

Walmart (NYSE:WMTGet Rating) last posted its earnings results on Tuesday, May 17th. The retailer reported $1.30 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.18). The firm had revenue of $141.60 billion during the quarter, compared to the consensus estimate of $138.05 billion. Walmart had a net margin of 2.26% and a return on equity of 19.05%. Walmart’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.69 earnings per share. On average, equities analysts anticipate that Walmart will post 6.4 EPS for the current year.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $125.61, for a total transaction of $1,219,421.88. Following the sale, the chief executive officer now directly owns 1,526,864 shares in the company, valued at $191,789,387.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 29,124 shares of company stock worth $3,904,072. 48.44% of the stock is owned by company insiders.

Institutional Trading of Walmart

A number of large investors have recently bought and sold shares of WMT. Baltimore Washington Financial Advisors Inc. purchased a new position in shares of Walmart in the fourth quarter valued at $286,000. Cordant Inc. purchased a new position in shares of Walmart in the first quarter valued at $25,000. Conrad Siegel Investment Advisors Inc. purchased a new position in shares of Walmart in the first quarter valued at $27,000. Ulland Investment Advisors LLC grew its position in shares of Walmart by 442.9% in the first quarter. Ulland Investment Advisors LLC now owns 190 shares of the retailer’s stock valued at $28,000 after purchasing an additional 155 shares in the last quarter. Finally, Joseph P. Lucia & Associates LLC purchased a new position in shares of Walmart in the first quarter valued at $29,000. 30.79% of the stock is owned by hedge funds and other institutional investors.

Walmart Company Profile

(Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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