Walmart (NYSE:WMT) Price Target Raised to $92.00 at Royal Bank of Canada

Walmart (NYSE:WMT) had its target price raised by investment analysts at Royal Bank of Canada from $88.00 to $92.00 in a research report issued on Monday. The brokerage currently has an “overweight” rating on the retailer’s stock. Royal Bank of Canada’s price target points to a potential upside of 9.47% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. Robert W. Baird boosted their price target on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Tigress Financial boosted their price target on Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Roth Mkm boosted their price target on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Finally, Sanford C. Bernstein began coverage on Walmart in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 price objective for the company. One research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $86.71.

Walmart Stock Down 0.2 %

Shares of WMT stock traded down $0.21 on Monday, hitting $84.04. The stock had a trading volume of 15,210,652 shares, compared to its average volume of 16,704,951. The stock has a market cap of $675.53 billion, a price-to-earnings ratio of 43.70, a price-to-earnings-growth ratio of 4.20 and a beta of 0.51. The business has a 50 day moving average of $81.29 and a 200 day moving average of $72.98. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart has a 12-month low of $49.85 and a 12-month high of $85.79.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. Walmart’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.61 EPS. As a group, analysts expect that Walmart will post 2.44 EPS for the current year.

Insiders Place Their Bets

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the transaction, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. This represents a 2.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the sale, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,823,647 in the last quarter. 45.58% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC acquired a new position in Walmart in the 1st quarter valued at $25,000. Peterson Financial Group Inc. bought a new stake in Walmart in the 3rd quarter valued at $26,000. TruNorth Capital Management LLC boosted its holdings in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. bought a new stake in Walmart in the 2nd quarter valued at $29,000. Finally, FSA Wealth Management LLC lifted its holdings in shares of Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after acquiring an additional 377 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

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.