Walmart (WMT) – Research Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Walmart (NYSE: WMT):

  • 6/3/2024 – Walmart had its price target raised by analysts at Evercore ISI from $70.00 to $72.00. They now have an “outperform” rating on the stock.
  • 5/20/2024 – Walmart had its price target raised by analysts at Barclays PLC from $60.00 to $66.00. They now have an “overweight” rating on the stock.
  • 5/20/2024 – Walmart had its price target raised by analysts at Evercore ISI from $67.00 to $70.00. They now have an “outperform” rating on the stock.
  • 5/20/2024 – Walmart was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
  • 5/17/2024 – Walmart had its price target raised by analysts at Morgan Stanley from $67.00 to $70.00. They now have an “overweight” rating on the stock.
  • 5/17/2024 – Walmart had its price target raised by analysts at KeyCorp from $63.00 to $75.00. They now have an “overweight” rating on the stock.
  • 5/17/2024 – Walmart had its price target raised by analysts at Raymond James from $63.00 to $70.00. They now have an “outperform” rating on the stock.
  • 5/17/2024 – Walmart had its price target raised by analysts at Royal Bank of Canada from $62.00 to $70.00. They now have an “outperform” rating on the stock.
  • 5/17/2024 – Walmart had its price target raised by analysts at BMO Capital Markets from $65.00 to $75.00. They now have an “outperform” rating on the stock.
  • 5/17/2024 – Walmart had its price target raised by analysts at Telsey Advisory Group from $68.00 to $70.00. They now have an “outperform” rating on the stock.
  • 5/17/2024 – Walmart had its price target raised by analysts at Robert W. Baird from $65.00 to $70.00. They now have an “outperform” rating on the stock.
  • 5/17/2024 – Walmart had its price target raised by analysts at Truist Financial Co. from $60.00 to $64.00. They now have a “hold” rating on the stock.
  • 5/17/2024 – Walmart had its price target raised by analysts at Stifel Nicolaus from $65.00 to $69.00. They now have a “hold” rating on the stock.
  • 5/17/2024 – Walmart had its price target raised by analysts at Citigroup Inc. from $63.33 to $75.00. They now have a “buy” rating on the stock.
  • 5/17/2024 – Walmart had its price target raised by analysts at TD Cowen from $68.00 to $75.00. They now have a “buy” rating on the stock.
  • 5/17/2024 – Walmart had its price target raised by analysts at The Goldman Sachs Group, Inc. from $64.33 to $73.00. They now have a “buy” rating on the stock.
  • 5/17/2024 – Walmart had its price target raised by analysts at Jefferies Financial Group Inc. from $70.00 to $75.00. They now have a “buy” rating on the stock.
  • 5/17/2024 – Walmart had its price target raised by analysts at DA Davidson from $69.00 to $75.00. They now have a “buy” rating on the stock.
  • 5/17/2024 – Walmart had its price target raised by analysts at Roth Mkm from $69.00 to $71.00. They now have a “buy” rating on the stock.
  • 5/17/2024 – Walmart had its price target raised by analysts at Bank of America Co. from $67.00 to $75.00. They now have a “buy” rating on the stock.
  • 5/14/2024 – Walmart had its price target raised by analysts at Evercore ISI from $66.00 to $67.00. They now have an “outperform” rating on the stock.
  • 5/10/2024 – Walmart had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $68.00 price target on the stock.
  • 5/7/2024 – Walmart had its price target raised by analysts at UBS Group AG from $63.00 to $69.00. They now have a “buy” rating on the stock.
  • 4/16/2024 – Walmart had its price target lowered by analysts at Evercore ISI from $67.00 to $66.00. They now have an “outperform” rating on the stock.

Walmart Trading Up 1.2 %

WMT traded up $0.76 during mid-day trading on Tuesday, reaching $66.58. The stock had a trading volume of 14,769,925 shares, compared to its average volume of 18,507,119. The stock has a market capitalization of $536.50 billion, a P/E ratio of 28.49, a P/E/G ratio of 3.80 and a beta of 0.51. 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 firm’s fifty day simple moving average is $61.25 and its two-hundred day simple moving average is $57.30. Walmart Inc. has a 52 week low of $49.50 and a 52 week high of $66.64.

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

Insider Buying and Selling

In related news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $60.26, for a total transaction of $180,780.00. Following the sale, the executive vice president now owns 524,613 shares of the company’s stock, valued at approximately $31,613,179.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $60.26, for a total value of $180,780.00. Following the sale, the executive vice president now directly owns 524,613 shares in the company, valued at $31,613,179.38. 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 stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the transaction, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,631,147 shares of company stock valued at $557,995,354. 45.58% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WMT. Partnership Wealth Management LLC bought a new position in Walmart in the fourth quarter valued at approximately $30,000. Able Wealth Management LLC bought a new position in shares of Walmart during the 4th quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Walmart during the 4th quarter worth approximately $32,000. Signature Resources Capital Management LLC bought a new position in shares of Walmart during the 4th quarter worth approximately $35,000. Finally, Tidemark LLC bought a new position in shares of Walmart during the 4th quarter worth approximately $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

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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