Walmart (NYSE:WMT) Price Target Raised to $81.00

Walmart (NYSE:WMTFree Report) had its target price upped by HSBC from $70.00 to $81.00 in a research report released on Tuesday, Benzinga reports. The firm currently has a buy rating on the retailer’s stock.

Several other analysts also recently issued reports on the company. UBS Group boosted their price objective on Walmart from $63.00 to $69.00 and gave the stock a buy rating in a report on Tuesday, May 7th. Deutsche Bank Aktiengesellschaft upped their price target on Walmart from $62.00 to $63.33 and gave the company a buy rating in a research report on Friday, February 16th. Roth Mkm lifted their target price on Walmart from $69.00 to $71.00 and gave the company a buy rating in a research note on Friday, May 17th. Tigress Financial boosted their price objective on shares of Walmart from $65.00 to $75.00 and gave the company a buy rating in a research report on Wednesday, March 13th. Finally, KeyCorp increased their target price on shares of Walmart from $63.00 to $75.00 and gave the stock an overweight rating in a research report on Friday, May 17th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $69.94.

View Our Latest Analysis on Walmart

Walmart Price Performance

Shares of NYSE WMT opened at $67.04 on Tuesday. The business has a 50 day simple moving average of $62.47 and a 200-day simple moving average of $58.15. Walmart has a twelve month low of $49.85 and a twelve month high of $67.57. The company has a market capitalization of $539.24 billion, a price-to-earnings ratio of 28.69, a price-to-earnings-growth ratio of 3.83 and a beta of 0.52. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMTGet Free Report) last released its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 EPS. As a group, equities research analysts expect that Walmart will post 2.42 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $60.81, for a total transaction of $798,131.25. Following the completion of the transaction, the executive vice president now directly owns 645,517 shares in the company, valued at $39,253,888.77. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the transaction, the executive vice president now owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $60.81, for a total transaction of $798,131.25. Following the transaction, the executive vice president now owns 645,517 shares in the company, valued at $39,253,888.77. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,493,971 shares of company stock worth $950,549,592. Company insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

A number of institutional investors have recently made changes to their positions in WMT. Vanguard Group Inc. raised its stake in Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after purchasing an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares during the last quarter. Norges Bank bought a new stake in shares of Walmart during the fourth quarter worth $3,674,652,000. Bank of New York Mellon Corp lifted its stake in shares of Walmart by 183.0% in the 1st quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after acquiring an additional 18,865,484 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in Walmart by 212.6% in the 1st quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock worth $844,514,000 after purchasing an additional 9,544,958 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Company Profile

(Get Free Report)

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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