Walmart (NYSE:WMT) Price Target Raised to $111.00

Walmart (NYSE:WMT) had its price objective hoisted by Truist Financial from $107.00 to $111.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the retailer’s stock.

Several other equities research analysts also recently weighed in on WMT. Royal Bank of Canada reissued an “outperform” rating and set a $102.00 price target on shares of Walmart in a research report on Friday. Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 target price on shares of Walmart in a report on Monday, May 12th. Oppenheimer upped their price target on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. UBS Group dropped their price objective on Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, Stifel Nicolaus lowered their target price on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $104.94.

Walmart Price Performance

Shares of NYSE:WMT opened at $98.26 on Friday. The business has a fifty day moving average price of $91.19 and a 200-day moving average price of $92.55. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The company has a market capitalization of $786.18 billion, a PE ratio of 40.77, a PEG ratio of 4.42 and a beta of 0.70. Walmart has a 1-year low of $63.87 and a 1-year high of $105.30.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Walmart’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS. As a group, equities analysts expect that Walmart will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be paid a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

Insider Activity

In other Walmart news, EVP Christopher James Nicholas sold 17,600 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $94.42, for a total value of $1,661,792.00. Following the completion of the sale, the executive vice president now owns 348,357 shares in the company, valued at approximately $32,891,867.94. This represents a 4.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the transaction, the chief executive officer now owns 3,558,247 shares in the company, valued at $344,972,046.65. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 133,857 shares of company stock valued at $12,444,743 in the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Regent Peak Wealth Advisors LLC grew its position in shares of Walmart by 1.3% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 17,325 shares of the retailer’s stock valued at $1,565,000 after purchasing an additional 226 shares in the last quarter. R.H. Investment Group LLC bought a new position in Walmart during the fourth quarter valued at approximately $6,159,000. Essex Savings Bank grew its holdings in Walmart by 0.7% during the 4th quarter. Essex Savings Bank now owns 45,773 shares of the retailer’s stock valued at $4,136,000 after buying an additional 310 shares in the last quarter. Outlook Wealth Advisors LLC grew its holdings in Walmart by 1.8% during the 4th quarter. Outlook Wealth Advisors LLC now owns 15,058 shares of the retailer’s stock valued at $1,360,000 after buying an additional 268 shares in the last quarter. Finally, RMR Wealth Builders increased its stake in Walmart by 8.0% in the 4th quarter. RMR Wealth Builders now owns 29,833 shares of the retailer’s stock worth $2,695,000 after acquiring an additional 2,215 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

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.