Brokerages Set Walmart Inc. (NYSE:WMT) Price Target at $106.67

Walmart Inc. (NYSE:WMT) has been assigned a consensus recommendation of “Moderate Buy” from the thirty-two research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, twenty-nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $106.67.

Several equities research analysts recently commented on WMT shares. Mizuho boosted their price objective on shares of Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, June 9th. Truist Financial upped their price target on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a report on Friday, May 16th. Evercore ISI raised their price objective on shares of Walmart from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. Wall Street Zen raised Walmart from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, DA Davidson reiterated a “buy” rating and set a $117.00 target price on shares of Walmart in a report on Friday, May 16th.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $97.19, for a total value of $1,887,041.04. Following the transaction, the chief executive officer owned 4,431,783 shares in the company, valued at approximately $430,724,989.77. This represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $95.24, for a total transaction of $380,960.00. Following the transaction, the executive vice president owned 1,060,455 shares in the company, valued at approximately $100,997,734.20. This trade represents a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold 142,695 shares of company stock valued at $13,710,162 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in shares of Walmart by 0.8% in the first quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer’s stock valued at $37,395,120,000 after purchasing an additional 3,224,154 shares in the last quarter. Kingstone Capital Partners Texas LLC increased its holdings in Walmart by 397,264.9% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer’s stock valued at $10,496,702,000 after buying an additional 104,488,610 shares during the period. Geode Capital Management LLC raised its stake in shares of Walmart by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock valued at $8,167,186,000 after buying an additional 3,017,829 shares in the last quarter. Norges Bank bought a new position in shares of Walmart during the 4th quarter worth about $5,737,355,000. Finally, Northern Trust Corp boosted its position in shares of Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock valued at $3,943,049,000 after acquiring an additional 3,550,037 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

WMT stock opened at $95.01 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $758.22 billion, a P/E ratio of 40.60, a PEG ratio of 4.57 and a beta of 0.68. The business has a 50 day simple moving average of $96.81 and a 200-day simple moving average of $94.65. Walmart has a twelve month low of $66.67 and a twelve month high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to analysts’ expectations of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. As a group, equities analysts anticipate that Walmart will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio (DPR) is presently 40.17%.

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.