Walmart (NYSE:WMT) Stock Price Expected to Rise, Bank of America Analyst Says

Walmart (NYSE:WMT) had its price target increased by Bank of America from $95.00 to $105.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the retailer’s stock. Bank of America‘s price objective indicates a potential upside of 18.89% from the company’s current price.

A number of other analysts have also recently weighed in on WMT. UBS Group raised their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday. TD Cowen raised their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday. Morgan Stanley raised their price objective on shares of Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. Finally, Tigress Financial raised their price objective on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $91.49.

Walmart Stock Up 1.3 %

Shares of NYSE:WMT opened at $88.32 on Wednesday. The firm’s 50 day moving average price is $81.92 and its 200 day moving average price is $73.54. The stock has a market cap of $709.94 billion, a price-to-earnings ratio of 36.25, a price-to-earnings-growth ratio of 4.33 and a beta of 0.51. Walmart has a fifty-two week low of $49.85 and a fifty-two week high of $88.64. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.51 earnings per share. As a group, equities research analysts predict that Walmart will post 2.47 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the transaction, the insider now directly owns 619,646,544 shares of the company’s stock, valued at $47,687,998,026.24. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,823,647 in the last 90 days. 45.58% of the stock is currently owned by insiders.

Institutional Trading of Walmart

Institutional investors have recently modified their holdings of the company. EntryPoint Capital LLC purchased a new position in Walmart in the 1st quarter worth approximately $25,000. Peterson Financial Group Inc. acquired a new position in shares of Walmart in the 3rd quarter valued at approximately $26,000. TruNorth Capital Management LLC raised its position in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. acquired a new stake in shares of Walmart during the 2nd quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC raised its position in shares of Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after acquiring an additional 377 shares in the last quarter. Hedge funds and other 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.