Analysts Set Walmart Inc. (NYSE:WMT) Price Target at $100.53

Shares of Walmart Inc. (NYSE:WMT) have received a consensus rating of “Moderate Buy” from the thirty-one research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $102.43.

WMT has been the topic of a number of research reports. Jefferies Financial Group lifted their price target on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 price objective on shares of Walmart in a research note on Friday. TD Cowen lifted their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Guggenheim lifted their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Truist Financial lifted their price objective on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th.

Walmart Trading Down 2.6 %

NYSE:WMT opened at $94.70 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $760.77 billion, a PE ratio of 39.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The firm’s 50 day moving average is $95.63 and its 200 day moving average is $86.71. Walmart has a 12 month low of $57.77 and a 12 month high of $105.30.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Sell-side analysts expect that Walmart will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is currently 34.44%.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the sale, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the purchase, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 176,777 shares of company stock valued at $16,570,112. Insiders own 45.58% of the company’s stock.

Institutional Trading of Walmart

Hedge funds have recently added to or reduced their stakes in the business. Creative Planning raised its stake in shares of Walmart by 4.9% during the third quarter. Creative Planning now owns 1,800,743 shares of the retailer’s stock valued at $142,973,000 after acquiring an additional 83,376 shares during the last quarter. Swedbank AB raised its stake in shares of Walmart by 0.4% during the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after acquiring an additional 18,644 shares during the last quarter. KMG Fiduciary Partners LLC raised its stake in shares of Walmart by 3.3% during the third quarter. KMG Fiduciary Partners LLC now owns 19,235 shares of the retailer’s stock valued at $1,553,000 after acquiring an additional 609 shares during the last quarter. Alta Wealth Advisors LLC raised its stake in shares of Walmart by 10.1% during the third quarter. Alta Wealth Advisors LLC now owns 14,602 shares of the retailer’s stock valued at $1,179,000 after acquiring an additional 1,339 shares during the last quarter. Finally, AA Financial Advisors LLC raised its stake in shares of Walmart by 13.8% during the third quarter. AA Financial Advisors LLC now owns 11,833 shares of the retailer’s stock valued at $956,000 after acquiring an additional 1,433 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

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.