Walmart (NYSE:WMT) PT Raised to $164.00 at Royal Bank of Canada

Walmart (NYSE:WMT – Get Rating) had its target price hoisted by analysts at Royal Bank of Canada from $160.00 to $164.00 in a research report issued on Friday, The Fly reports. Royal Bank of Canada’s price objective would suggest a potential upside of 9.40% from the stock’s previous close.

WMT has been the subject of several other research reports. Truist Financial increased their price objective on shares of Walmart from $159.00 to $160.00 in a report on Tuesday, May 9th. Credit Suisse Group set a $170.00 price objective on shares of Walmart and gave the company an “outperform” rating in a report on Wednesday, February 22nd. Bank of America increased their price objective on shares of Walmart from $165.00 to $175.00 in a report on Friday. Tigress Financial raised shares of Walmart from a “neutral” rating to a “buy” rating and increased their price objective for the company from $170.00 to $176.00 in a report on Thursday, January 26th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Walmart from $164.00 to $169.00 in a report on Wednesday, February 22nd. Five research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $166.03.

Walmart Trading Down 1.0 %

Shares of WMT stock opened at $149.91 on Friday. Walmart has a 52-week low of $117.27 and a 52-week high of $154.64. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.21 and a current ratio of 0.82. The firm has a market capitalization of $404.36 billion, a PE ratio of 36.04, a PEG ratio of 4.47 and a beta of 0.48. The stock has a fifty day simple moving average of $147.97 and a two-hundred day simple moving average of $145.71.

Walmart (NYSE:WMT – Get Rating) last issued its quarterly earnings results on Thursday, May 18th. The retailer reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.15. Walmart had a return on equity of 21.30% and a net margin of 1.82%. The business had revenue of $152.30 billion during the quarter, compared to analyst estimates of $147.91 billion. During the same quarter in the prior year, the business posted $1.30 EPS. Walmart’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, analysts predict that Walmart will post 6.16 EPS for the current fiscal year.

Insider Transactions at Walmart

In related news, Director S Robson Walton sold 157,406 shares of Walmart stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $138.00, for a total transaction of $21,722,028.00. Following the transaction, the director now directly owns 260,926,943 shares of the company’s stock, valued at $36,007,918,134. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Walmart news, EVP John R. Furner sold 4,375 shares of Walmart stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $151.00, for a total value of $660,625.00. Following the transaction, the executive vice president now directly owns 286,617 shares of the company’s stock, valued at $43,279,167. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director S Robson Walton sold 157,406 shares of the stock in a transaction on Friday, March 10th. The shares were sold at an average price of $138.00, for a total value of $21,722,028.00. Following the sale, the director now owns 260,926,943 shares of the company’s stock, valued at approximately $36,007,918,134. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,044,002 shares of company stock valued at $2,981,168,308. 47.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Wealth Architects LLC increased its position in Walmart by 3.3% during the 1st quarter. Wealth Architects LLC now owns 2,076 shares of the retailer’s stock valued at $306,000 after buying an additional 66 shares in the last quarter. Bluesphere Advisors LLC grew its stake in Walmart by 3.5% during the 1st quarter. Bluesphere Advisors LLC now owns 2,003 shares of the retailer’s stock valued at $295,000 after purchasing an additional 67 shares during the last quarter. Glassman Wealth Services grew its stake in Walmart by 1.5% during the 1st quarter. Glassman Wealth Services now owns 4,477 shares of the retailer’s stock valued at $660,000 after purchasing an additional 68 shares during the last quarter. Avalon Investment & Advisory grew its stake in Walmart by 3.4% during the 4th quarter. Avalon Investment & Advisory now owns 2,070 shares of the retailer’s stock valued at $294,000 after purchasing an additional 69 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC grew its stake in Walmart by 1.1% during the 1st quarter. Cyndeo Wealth Partners LLC now owns 6,515 shares of the retailer’s stock valued at $381,000 after purchasing an additional 69 shares during the last quarter. 31.27% of the stock is owned by institutional investors and hedge funds.

About Walmart

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Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.