Walmart (NYSE:WMT) Given New $120.00 Price Target at Tigress Financial

Walmart (NYSE:WMT - Get Free Report) had its price objective hoisted by analysts at Tigress Financial from $115.00 to $120.00 in a report released on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the retailer's stock. Tigress Financial's price objective would suggest a potential upside of 22.93% from the company's current price.

A number of other equities analysts also recently weighed in on WMT. Robert W. Baird boosted their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $103.00 target price (up from $102.00) on shares of Walmart in a research note on Monday, June 9th. Truist Financial raised their price target on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Mizuho lifted their price target on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, June 9th. Finally, Oppenheimer increased their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $106.67.

Walmart Stock Down 0.6%

Shares of WMT traded down $0.62 during trading hours on Wednesday, reaching $97.62. 12,498,048 shares of the stock traded hands, compared to its average volume of 18,077,380. Walmart has a 52 week low of $66.67 and a 52 week high of $105.30. The company has a market cap of $779.05 billion, a price-to-earnings ratio of 41.72, a PEG ratio of 4.73 and a beta of 0.68. The stock has a fifty day simple moving average of $96.97 and a 200 day simple moving average of $94.29. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 EPS. On average, equities analysts forecast that Walmart will post 2.55 EPS for the current year.

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Friday, June 20th. The shares were sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the completion of the sale, the executive vice president directly owned 945,434 shares of the company's stock, valued at approximately $90,619,848.90. The trade was a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the sale, the executive vice president owned 630,518 shares in the company, valued at $62,421,282. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold 142,711 shares of company stock worth $13,710,319 over the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Institutional Trading of Walmart

Hedge funds have recently bought and sold shares of the company. Horizon Financial Services LLC lifted its stake in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares during the last quarter. Operose Advisors LLC increased its holdings in shares of Walmart by 319.7% in the first quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after buying an additional 243 shares during the period. Bear Mountain Capital Inc. lifted its stake in shares of Walmart by 98.2% in the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after acquiring an additional 167 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of Walmart by 432.4% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock valued at $32,000 after acquiring an additional 294 shares during the last quarter. Finally, EQ Wealth Advisors LLC purchased a new stake in Walmart during the 1st quarter valued at about $35,000. Institutional investors 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.