Walmart (NYSE:WMT) Sets New 12-Month High on Analyst Upgrade

Walmart Inc. (NYSE:WMTGet Free Report)’s stock price hit a new 52-week high during trading on Tuesday after Evercore ISI raised their price target on the stock from $70.00 to $72.00. Evercore ISI currently has an outperform rating on the stock. Walmart traded as high as $66.37 and last traded at $66.18, with a volume of 1677026 shares trading hands. The stock had previously closed at $65.82.

Other analysts have also issued research reports about the company. Roth Mkm upped their price objective on Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a report on Friday, May 17th. Telsey Advisory Group lifted their price objective on shares of Walmart from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. BMO Capital Markets increased their target price on shares of Walmart from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Royal Bank of Canada lifted their price target on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Finally, Morgan Stanley increased their price objective on Walmart from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, May 17th. Four investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $68.07.

Check Out Our Latest Analysis on Walmart

Insider Buying and Selling at Walmart

In related news, Director S Robson Walton sold 933,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $64.92, for a total value of $60,570,360.00. Following the completion of the transaction, the director now directly owns 642,016,611 shares of the company’s stock, valued at $41,679,718,386.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director S Robson Walton sold 933,000 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $64.92, for a total value of $60,570,360.00. Following the sale, the director now owns 642,016,611 shares in the company, valued at approximately $41,679,718,386.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the transaction, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The disclosure for this sale can be found here. Insiders sold a total of 8,631,147 shares of company stock valued at $557,995,354 in the last quarter. Corporate insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale increased its stake in shares of Walmart by 192.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,651,446 shares of the retailer’s stock valued at $161,592,000 after buying an additional 1,746,279 shares in the last quarter. Maxwell Wealth Strategies Inc. grew its holdings in Walmart by 119.3% during the 1st quarter. Maxwell Wealth Strategies Inc. now owns 38,777 shares of the retailer’s stock worth $2,516,000 after acquiring an additional 21,093 shares during the last quarter. Cambridge Trust Co. increased its position in Walmart by 283.9% in the 1st quarter. Cambridge Trust Co. now owns 748,899 shares of the retailer’s stock valued at $45,061,000 after acquiring an additional 553,839 shares in the last quarter. Peninsula Wealth LLC bought a new position in shares of Walmart in the first quarter worth about $240,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Walmart during the first quarter worth approximately $3,049,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Price Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23. The firm has a market capitalization of $536.50 billion, a P/E ratio of 28.49, a PEG ratio of 3.80 and a beta of 0.51. The company’s 50 day moving average price is $61.37 and its 200 day moving average price is $57.40.

Walmart (NYSE:WMTGet Free Report) last posted its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $0.49 EPS. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.42 EPS for the current fiscal year.

Walmart Company Profile

(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.

Further Reading

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