Walmart (NYSE:WMT - Get Free Report) had its price objective upped by analysts at Oppenheimer from $110.00 to $115.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the retailer's stock. Oppenheimer's target price points to a potential upside of 12.98% from the company's current price.
WMT has been the topic of a number of other reports. Erste Group Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating in a research note on Tuesday, August 5th. Telsey Advisory Group restated an "outperform" rating and set a $115.00 target price on shares of Walmart in a research note on Monday, June 9th. Evercore ISI upped their target price on shares of Walmart from $107.00 to $108.00 and gave the stock an "outperform" rating in a research note on Tuesday. Robert W. Baird upped their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, Citigroup restated a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. One analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Walmart currently has an average rating of "Buy" and a consensus price target of $106.87.
View Our Latest Stock Report on WMT
Walmart Trading Down 1.8%
Shares of WMT stock traded down $1.83 on Wednesday, hitting $101.79. 9,136,684 shares of the stock traded hands, compared to its average volume of 18,975,066. The firm's 50-day moving average price is $97.46 and its two-hundred day moving average price is $95.51. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock has a market capitalization of $812.30 billion, a PE ratio of 43.52, a PEG ratio of 5.00 and a beta of 0.66. Walmart has a twelve month low of $67.85 and a twelve month high of $105.30.
Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. Walmart's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. As a group, analysts anticipate that Walmart will post 2.55 EPS for the current year.
Insiders Place Their Bets
In other news, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the sale, the chief executive officer owned 4,451,199 shares in the company, valued at $429,896,799.42. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kathryn J. Mclay sold 28,000 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total value of $2,716,000.00. Following the sale, the executive vice president directly owned 1,064,455 shares in the company, valued at $103,252,135. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,112 shares of company stock worth $14,080,073. Insiders own 0.10% of the company's stock.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Access Investment Management LLC bought a new stake in shares of Walmart during the 2nd quarter worth about $26,000. Operose Advisors LLC boosted its stake in shares of Walmart by 319.7% during the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer's stock worth $28,000 after acquiring an additional 243 shares in the last quarter. PFS Partners LLC boosted its stake in shares of Walmart by 267.8% during the 2nd quarter. PFS Partners LLC now owns 320 shares of the retailer's stock worth $31,000 after acquiring an additional 233 shares in the last quarter. Bear Mountain Capital Inc. boosted its stake in shares of Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock worth $32,000 after acquiring an additional 167 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of Walmart by 432.4% during the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 362 shares of the retailer's stock worth $32,000 after acquiring an additional 294 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.
Walmart Company Profile
(
Get Free Report)
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.
Further Reading

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