Walmart (NYSE:WMT) Stock Price Up 0.4% After Analyst Upgrade

Walmart Inc. (NYSE:WMTGet Free Report) shares were up 0.4% 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 $66.07. Approximately 3,126,860 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 18,395,398 shares. The stock had previously closed at $65.82.

WMT has been the topic of several other reports. Bank of America increased their target price on Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Royal Bank of Canada raised their target price on Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Telsey Advisory Group upped their price objective on shares of Walmart from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Robert W. Baird raised their target price on shares of Walmart from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Finally, Citigroup lifted their price target on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Four analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $68.07.

View Our Latest Report on Walmart

Insider Buying and Selling at Walmart

In related news, major shareholder Alice L. Walton sold 345,000 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $60.93, for a total value of $21,020,850.00. Following the sale, the insider now owns 652,044,261 shares of the company’s stock, valued at approximately $39,729,056,822.73. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, major shareholder Alice L. Walton sold 345,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $60.93, for a total value of $21,020,850.00. Following the completion of the sale, the insider now directly owns 652,044,261 shares in the company, valued at $39,729,056,822.73. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $60.81, for a total value of $798,131.25. Following the transaction, the executive vice president now directly owns 645,517 shares in the company, valued at approximately $39,253,888.77. The disclosure for this sale can be found here. Insiders have sold 8,631,147 shares of company stock valued at $557,995,354 in the last 90 days. 45.58% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Walmart

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC bought a new position in Walmart in the 1st quarter valued at approximately $25,000. Northwest Capital Management Inc raised its stake in shares of Walmart by 199.3% during the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the period. Partnership Wealth Management LLC purchased a new position in shares of Walmart in the 4th quarter worth about $30,000. Able Wealth Management LLC bought a new position in Walmart during the fourth quarter valued at about $30,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in Walmart during the fourth quarter worth about $32,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The company’s 50 day moving average price is $61.37 and its 200-day moving average price is $57.40. The company has a market cap of $536.50 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 3.80 and a beta of 0.51.

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

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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