Walmart Inc. (NYSE:WMT) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Walmart Inc. (NYSE:WMTGet Rating) have received an average recommendation of “Moderate Buy” from the thirty-one analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, fifteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $151.41.

Several equities analysts have recently issued reports on the stock. Oppenheimer boosted their price target on shares of Walmart from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, August 17th. Royal Bank of Canada upped their price objective on shares of Walmart from $135.00 to $151.00 and gave the stock an “outperform” rating in a report on Wednesday, August 17th. Wells Fargo & Company upped their price objective on shares of Walmart from $130.00 to $155.00 in a report on Tuesday, August 16th. MKM Partners upped their price objective on shares of Walmart from $152.00 to $158.00 in a report on Wednesday, August 17th. Finally, Truist Financial upped their price objective on shares of Walmart from $117.00 to $134.00 in a report on Wednesday, August 17th.

Insider Activity at Walmart

In related news, major shareholder Alice L. Walton sold 931,768 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $140.03, for a total value of $130,475,473.04. Following the completion of the sale, the insider now owns 285,607,867 shares of the company’s stock, valued at approximately $39,993,669,616.01. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, major shareholder Alice L. Walton sold 931,768 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $140.03, for a total value of $130,475,473.04. Following the completion of the sale, the insider now owns 285,607,867 shares of the company’s stock, valued at approximately $39,993,669,616.01. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 9,708 shares of the business’s stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $122.13, for a total value of $1,185,638.04. Following the completion of the sale, the chief executive officer now directly owns 1,517,160 shares of the company’s stock, valued at approximately $185,290,750.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,152,124 shares of company stock valued at $297,159,579. 47.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Walmart

Large investors have recently added to or reduced their stakes in the stock. Transcend Capital Advisors LLC boosted its position in Walmart by 5.0% during the first quarter. Transcend Capital Advisors LLC now owns 17,829 shares of the retailer’s stock worth $2,655,000 after purchasing an additional 855 shares during the period. Matisse Capital boosted its position in shares of Walmart by 4.4% in the first quarter. Matisse Capital now owns 3,539 shares of the retailer’s stock valued at $527,000 after acquiring an additional 150 shares during the period. Marietta Wealth Management LLC boosted its position in shares of Walmart by 2.6% in the first quarter. Marietta Wealth Management LLC now owns 52,105 shares of the retailer’s stock valued at $7,759,000 after acquiring an additional 1,311 shares during the period. Family Legacy Inc. boosted its position in shares of Walmart by 0.9% in the first quarter. Family Legacy Inc. now owns 22,838 shares of the retailer’s stock valued at $3,401,000 after acquiring an additional 194 shares during the period. Finally, Asset Dedication LLC boosted its position in shares of Walmart by 2.7% in the first quarter. Asset Dedication LLC now owns 27,479 shares of the retailer’s stock valued at $4,081,000 after acquiring an additional 718 shares during the period. Institutional investors own 31.26% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $133.19 on Monday. Walmart has a 1 year low of $117.27 and a 1 year high of $160.77. The company has a market cap of $361.51 billion, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 4.14 and a beta of 0.52. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.24 and a current ratio of 0.84. The firm has a fifty day moving average of $131.95 and a 200-day moving average of $136.29.

Walmart (NYSE:WMTGet Rating) last announced its quarterly earnings results on Tuesday, August 16th. The retailer reported $1.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.17. Walmart had a net margin of 2.36% and a return on equity of 18.95%. The company had revenue of $152.86 billion during the quarter, compared to the consensus estimate of $149.96 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, equities analysts anticipate that Walmart will post 5.85 earnings per share for the current year.

Walmart Company Profile

(Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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