Walmart (NYSE:WMT) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Walmart (NYSE:WMT) had its price objective boosted by research analysts at Wells Fargo & Company from $88.00 to $90.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the retailer’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 9.82% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Roth Mkm upped their target price on shares of Walmart from $71.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. BMO Capital Markets restated an “outperform” rating and set a $80.00 price objective on shares of Walmart in a research report on Friday, August 16th. TD Cowen lifted their target price on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Redburn Atlantic raised Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Finally, Guggenheim lifted their price objective on Walmart from $81.00 to $90.00 and gave the stock a “buy” rating in a report on Monday. One research analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Walmart currently has a consensus rating of “Buy” and a consensus target price of $83.89.

Walmart Stock Up 0.7 %

Walmart stock traded up $0.56 during trading hours on Thursday, hitting $81.95. The stock had a trading volume of 15,173,223 shares, compared to its average volume of 16,838,184. The stock’s 50-day moving average price is $79.54 and its 200-day moving average price is $70.86. The stock has a market capitalization of $658.73 billion, a P/E ratio of 42.68, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51. Walmart has a 12-month low of $49.85 and a 12-month high of $83.34. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $0.61 EPS. Equities research analysts anticipate that Walmart will post 2.44 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.48, for a total transaction of $232,440.00. Following the transaction, the executive vice president now owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total value of $232,440.00. Following the completion of the transaction, the executive vice president now directly owns 384,165 shares of the company’s stock, valued at approximately $29,765,104.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the sale, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,334,337 shares of company stock valued at $958,577,287 in the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

Several institutional investors and hedge funds have recently bought and sold shares of WMT. Investment Advisory Group LLC increased its stake in Walmart by 2.1% during the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after purchasing an additional 126 shares in the last quarter. Professional Financial Advisors LLC lifted its stake in Walmart by 0.6% during the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock valued at $1,763,000 after acquiring an additional 137 shares during the period. Inspire Advisors LLC boosted its holdings in shares of Walmart by 2.1% in the 3rd quarter. Inspire Advisors LLC now owns 6,677 shares of the retailer’s stock valued at $539,000 after acquiring an additional 137 shares during the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Walmart by 2.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock worth $564,000 after purchasing an additional 137 shares during the last quarter. Finally, Trust Co of the South lifted its position in Walmart by 0.5% during the third quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock valued at $2,071,000 after purchasing an additional 138 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

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.