Walmart (WMT) – Research Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Walmart (NYSE: WMT) recently:

• 12/11/2024 – Walmart had its price target raised by analysts at KeyCorp from $96.00 to $100.00. They now have an “overweight” rating on the stock.
• 12/10/2024 – Walmart had its price target raised by analysts at Stifel Nicolaus from $89.00 to $94.00. They now have a “hold” rating on the stock.
• 12/3/2024 – Walmart had its price target raised by analysts at Evercore ISI from $94.00 to $96.00. They now have an “outperform” rating on the stock.
• 11/22/2024 – Walmart had its price target raised by analysts at Barclays PLC from $78.00 to $90.00. They now have an “overweight” rating on the stock.
• 11/21/2024 – Walmart was downgraded by analysts at DZ Bank AG from a “buy” rating to a “hold” rating. They now have a $91.00 price target on the stock.
• 11/20/2024 – Walmart had its price target raised by analysts at Morgan Stanley from $89.00 to $100.00. They now have an “overweight” rating on the stock.
• 11/20/2024 – Walmart had its price target raised by analysts at Wells Fargo & Company from $90.00 to $96.00. They now have an “overweight” rating on the stock.
• 11/20/2024 – Walmart had its price target raised by analysts at KeyCorp from $88.00 to $96.00. They now have an “overweight” rating on the stock.
• 11/20/2024 – Walmart had its price target raised by analysts at Sanford C. Bernstein from $98.00 to $102.00. They now have an “outperform” rating on the stock.
• 11/20/2024 – Walmart had its price target raised by analysts at Robert W. Baird from $90.00 to $100.00. They now have an “outperform” rating on the stock.
• 11/20/2024 – Walmart had its price target raised by analysts at Stifel Nicolaus from $85.00 to $89.00. They now have a “hold” rating on the stock.
• 11/20/2024 – Walmart was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 11/20/2024 – Walmart had its price target raised by analysts at Roth Mkm from $81.00 to $97.00. They now have a “buy” rating on the stock.
• 11/20/2024 – Walmart had its price target raised by analysts at Truist Financial Co. from $89.00 to $98.00. They now have a “buy” rating on the stock.
• 11/20/2024 – Walmart had its price target raised by analysts at Bank of America Co. from $95.00 to $105.00. They now have a “buy” rating on the stock.
• 11/20/2024 – Walmart had its price target raised by analysts at UBS Group AG from $92.00 to $100.00. They now have a “buy” rating on the stock.
• 11/20/2024 – Walmart had its price target raised by analysts at Guggenheim from $90.00 to $100.00. They now have a “buy” rating on the stock.
• 11/20/2024 – Walmart had its price target raised by analysts at TD Cowen from $90.00 to $100.00. They now have a “buy” rating on the stock.
• 11/19/2024 – Walmart had its price target raised by analysts at Telsey Advisory Group from $92.00 to $100.00. They now have an “outperform” rating on the stock.
• 11/18/2024 – Walmart had its price target raised by analysts at Evercore ISI from $66.00 to $89.00. They now have an “overweight” rating on the stock.
• 11/18/2024 – Walmart had its price target raised by analysts at Royal Bank of Canada from $88.00 to $92.00. They now have an “overweight” rating on the stock.
• 11/18/2024 – Walmart had its price target raised by analysts at Piper Sandler from $83.00 to $93.00. They now have an “overweight” rating on the stock.
• 11/18/2024 – Walmart had its price target raised by analysts at BMO Capital Markets from $80.00 to $100.00. They now have an “outperform” rating on the stock.
• 11/15/2024 – Walmart had its price target raised by analysts at Jefferies Financial Group Inc. from $90.00 to $100.00. They now have a “buy” rating on the stock.
• 11/13/2024 – Walmart had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $92.00 price target on the stock.
• 11/12/2024 – Walmart had its price target raised by analysts at Morgan Stanley from $82.00 to $89.00. They now have an “overweight” rating on the stock.
• 11/7/2024 – Walmart had its price target raised by analysts at KeyCorp from $87.00 to $88.00. They now have an “overweight” rating on the stock.
• 10/31/2024 – Walmart had its price target raised by analysts at Wells Fargo & Company from $88.00 to $90.00. They now have an “overweight” rating on the stock.
• 10/28/2024 – Walmart had its price target raised by analysts at KeyCorp from $86.00 to $87.00. They now have an “overweight” rating on the stock.
• 10/28/2024 – Walmart had its price target raised by analysts at Guggenheim from $81.00 to $90.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Walmart had its price target raised by analysts at Evercore ISI from $82.00 to $85.00. They now have an “outperform” rating on the stock.
• 10/22/2024 – Walmart is now covered by analysts at Sanford C. Bernstein. They set an “outperform” rating and a $95.00 price target on the stock.
• 10/14/2024 – Walmart had its price target raised by analysts at KeyCorp from $82.00 to $86.00. They now have an “overweight” rating on the stock.
• 10/14/2024 – Walmart had its price target raised by analysts at Oppenheimer Holdings Inc. from $81.00 to $90.00. They now have an “outperform” rating on the stock.

Walmart Stock Up 1.0 %

NYSE:WMT traded up $0.97 during mid-day trading on Wednesday, reaching $95.52. The stock had a trading volume of 4,726,173 shares, compared to its average volume of 16,867,467. The business’s 50 day moving average is $85.27 and its 200 day moving average is $76.49. Walmart Inc. has a fifty-two week low of $50.08 and a fifty-two week high of $96.18. The stock has a market cap of $767.35 billion, a P/E ratio of 39.20, a PEG ratio of 4.45 and a beta of 0.54. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. As a group, sell-side analysts predict that Walmart Inc. will post 2.47 earnings per share for the current year.

Insider Activity

In related news, major shareholder S Robson Walton sold 1,804,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $79.18, for a total value of $142,840,720.00. Following the completion of the transaction, the insider now directly owns 605,979,318 shares of the company’s stock, valued at $47,981,442,399.24. This trade represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the transaction, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,243,091 shares of company stock valued at $257,591,179. 45.58% of the stock is owned by company insiders.

Institutional Trading of Walmart

Hedge funds and other institutional investors have recently made changes to their positions in the business. Peterson Financial Group Inc. acquired a new stake in shares of Walmart in the third quarter valued at $26,000. TruNorth Capital Management LLC increased its position in Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. acquired a new stake in Walmart in the second quarter worth about $29,000. Voisard Asset Management Group Inc. increased its position in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the period. Finally, Hoese & Co LLP acquired a new stake in Walmart in the third quarter worth about $33,000. 26.76% of the stock is currently 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.