Walmart Inc. (NYSE:WMT) Receives $106.67 Consensus Target Price from Brokerages

Walmart Inc. (NYSE:WMT) has been given an average rating of “Buy” by the thirty-two research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $106.8667.

A number of equities research analysts have commented on the company. Citigroup reiterated a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. Wall Street Zen upgraded Walmart from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 target price on shares of Walmart in a report on Monday, June 9th. Oppenheimer increased their price target on Walmart from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Mizuho increased their price target on Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, June 9th.

Walmart Price Performance

Shares of NYSE:WMT opened at $101.05 on Monday. The business’s fifty day moving average price is $97.49 and its two-hundred day moving average price is $95.55. The stock has a market cap of $806.42 billion, a PE ratio of 43.18, a price-to-earnings-growth ratio of 4.99 and a beta of 0.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. Walmart has a one year low of $67.85 and a one year high of $105.30.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates 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%. Walmart’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 EPS. On average, analysts forecast 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, September 2nd. Shareholders of record on Monday, August 18th will be given a $0.235 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a yield of 90.0%. Walmart’s dividend payout ratio (DPR) is 40.17%.

Insider Buying and Selling

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $95.14, for a total value of $1,248,712.50. Following the transaction, the executive vice president directly owned 932,313 shares of the company’s stock, valued at $88,700,258.82. This trade represents a 1.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kathryn J. Mclay sold 28,000 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total value of $2,716,000.00. Following the completion of the transaction, the executive vice president directly owned 1,064,455 shares in the company, valued at $103,252,135. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 144,334 shares of company stock valued at $13,913,350. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Access Investment Management LLC acquired a new position in Walmart in the second quarter worth about $26,000. Operose Advisors LLC grew its stake in Walmart by 319.7% in the first quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock worth $28,000 after purchasing an additional 243 shares in the last quarter. PFS Partners LLC grew its stake in Walmart by 267.8% in the second quarter. PFS Partners LLC now owns 320 shares of the retailer’s stock worth $31,000 after purchasing an additional 233 shares in the last quarter. Ridgewood Investments LLC grew its stake in Walmart by 55.3% in the second quarter. Ridgewood Investments LLC now owns 323 shares of the retailer’s stock worth $32,000 after purchasing an additional 115 shares in the last quarter. Finally, Bear Mountain Capital Inc. grew its stake in Walmart by 98.2% in the first quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer’s stock worth $32,000 after purchasing an additional 167 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other 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.