JPMorgan Chase & Co. Cuts Walmart (NYSE:WMT) Price Target to $127.00

Key Points

• JPMorgan Chase & Co. has lowered Walmart's price target from $130.00 to $127.00, maintaining an "overweight" rating on the retailer's stock.
• Walmart shares rose by 0.2% during trading, closing at $98.18, with a potential upside of 29.35% from the new price target.
• The company reported $0.68 earnings per share for the recent quarter, missing estimates and setting its Q3 2026 guidance between 0.580-0.600 EPS.

Walmart (NYSE:WMT - Get Free Report) had its price objective reduced by analysts at JPMorgan Chase & Co. from $130.00 to $127.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the retailer's stock. JPMorgan Chase & Co.'s target price points to a potential upside of 29.35% from the stock's previous close.

A number of other brokerages also recently commented on WMT. Mizuho reissued an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a research note on Wednesday, August 13th. Oppenheimer boosted their price objective on shares of Walmart from $110.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Tigress Financial boosted their price objective on shares of Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Telsey Advisory Group boosted their price objective on shares of Walmart from $115.00 to $118.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Citigroup reissued a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $109.93.

Walmart Trading Up 0.2%

Shares of NYSE:WMT traded up $0.22 during trading hours on Friday, hitting $98.18. 10,149,275 shares of the company's stock traded hands, compared to its average volume of 19,042,650. Walmart has a 1 year low of $75.01 and a 1 year high of $105.30. The business has a fifty day moving average price of $97.94 and a 200-day moving average price of $95.65. The firm has a market capitalization of $783.52 billion, a P/E ratio of 41.96, a price-to-earnings-growth ratio of 4.93 and a beta of 0.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, August 21st. The retailer reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06). Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business had revenue of $169.34 billion for the quarter, compared to analysts' expectations of $174.02 billion. During the same quarter last year, the firm earned $0.67 EPS. The firm's quarterly revenue was up 4.8% on a year-over-year basis. Walmart has set its Q3 2026 guidance at 0.580-0.600 EPS. FY 2026 guidance at 2.520-2.620 EPS. Equities analysts expect that Walmart will post 2.55 earnings per share for the current year.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the company's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $95.58, for a total transaction of $1,855,781.28. Following the completion of the transaction, the chief executive officer owned 4,412,398 shares in the company, valued at $421,737,000.84. This represents a 0.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.24, for a total transaction of $380,960.00. Following the transaction, the executive vice president owned 1,060,455 shares of the company's stock, valued at approximately $100,997,734.20. This trade represents a 0.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 88,841 shares of company stock worth $8,565,205. 0.10% of the stock is currently owned by insiders.

Institutional Trading of Walmart

Hedge funds have recently bought and sold shares of the business. Eagle Capital Management LLC grew its stake in shares of Walmart by 9.1% in the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock valued at $349,000 after buying an additional 321 shares during the period. Brighton Jones LLC grew its stake in shares of Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after buying an additional 21,939 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock valued at $800,000 after buying an additional 485 shares during the period. Highview Capital Management LLC DE grew its stake in shares of Walmart by 4.9% in the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after buying an additional 1,720 shares during the period. Finally, Burling Wealth Partners LLC purchased a new position in shares of Walmart during the 4th quarter worth approximately $376,000. Institutional investors and hedge funds own 26.76% of the company's stock.

About Walmart

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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