Walmart (NYSE:WMT - Free Report) had its price target raised by Oppenheimer from $110.00 to $115.00 in a research note released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the retailer's stock.
A number of other analysts have also commented on the company. KeyCorp boosted their price target on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, June 9th. DA Davidson reaffirmed a "buy" rating and issued a $117.00 target price on shares of Walmart in a research report on Friday, May 16th. Mizuho lifted their target price on Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research report on Monday, June 9th. Evercore ISI lifted their target price on Walmart from $107.00 to $108.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, Robert W. Baird lifted their target price on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. One research analyst has rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Walmart currently has an average rating of "Buy" and a consensus target price of $107.47.
Check Out Our Latest Analysis on Walmart
Walmart Stock Down 0.9%
Shares of Walmart stock traded down $0.89 during trading on Wednesday, reaching $99.96. The stock had a trading volume of 13,595,798 shares, compared to its average volume of 14,701,072. The company has a market capitalization of $797.72 billion, a price-to-earnings ratio of 42.72, a P/E/G ratio of 4.84 and a beta of 0.66. The stock has a fifty day moving average price of $97.60 and a two-hundred day moving average price of $95.59. Walmart has a 52 week low of $72.52 and a 52 week high of $105.30. 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 issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 earnings per share. Sell-side analysts predict that Walmart will post 2.55 EPS for the current fiscal year.
Walmart Announces Dividend
The company also recently disclosed a dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a $0.235 dividend. The ex-dividend date is Friday, August 15th. This represents a yield of 90.0%. Walmart's dividend payout ratio (DPR) is 40.17%.
Insider Buying and Selling
In other news, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction on 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 sale, the chief executive officer directly owned 4,412,398 shares of the company's stock, valued at approximately $421,737,000.84. The trade was a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,744 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $95.60, for a total transaction of $166,726.40. Following the completion of the sale, the executive vice president directly owned 649,233 shares of the company's stock, valued at $62,066,674.80. This represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 144,334 shares of company stock worth $13,913,350 in the last three months. Insiders own 0.10% of the company's stock.
Hedge Funds Weigh In On Walmart
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Eagle Capital Management LLC lifted its position in Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock valued at $349,000 after purchasing an additional 321 shares during the period. Brighton Jones LLC grew its stake in Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock valued at $8,868,000 after acquiring an additional 21,939 shares in the last quarter. 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 worth $800,000 after buying an additional 485 shares in the last quarter. 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 worth $3,338,000 after buying an additional 1,720 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board lifted its holdings in shares of Walmart by 205.1% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 14,693 shares of the retailer's stock worth $1,328,000 after acquiring an additional 9,877 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.
Walmart Company Profile
(
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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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