Barclays Increases Walmart (NYSE:WMT) Price Target to $162.00

Walmart (NYSE:WMT – Get Rating) had its target price lifted by stock analysts at Barclays from $159.00 to $162.00 in a research report issued to clients and investors on Sunday, The Fly reports. Barclays‘s price target would indicate a potential upside of 9.02% from the company’s current price.

Several other research analysts have also recently weighed in on WMT. Truist Financial lifted their price target on shares of Walmart from $160.00 to $166.00 in a research note on Friday. Telsey Advisory Group reiterated an “outperform” rating and set a $160.00 price target on shares of Walmart in a research note on Thursday, April 6th. Evercore ISI upgraded shares of Walmart from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $145.00 to $160.00 in a research note on Thursday, March 30th. Stifel Nicolaus lifted their price target on shares of Walmart from $157.00 to $161.00 in a research note on Thursday, April 6th. Finally, Citigroup raised their price objective on shares of Walmart from $169.00 to $174.00 in a research report on Friday. Five investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $166.13.

Walmart Trading Down 0.9 %

Shares of WMT stock opened at $148.59 on Friday. Walmart has a 12-month low of $117.90 and a 12-month high of $154.64. The company has a current ratio of 0.82, a quick ratio of 0.21 and a debt-to-equity ratio of 0.71. The firm’s 50 day moving average is $148.20 and its 200 day moving average is $145.80. The stock has a market capitalization of $400.80 billion, a P/E ratio of 35.72, a P/E/G ratio of 4.42 and a beta of 0.48.

Walmart (NYSE:WMT – Get Rating) last issued its earnings results on Thursday, May 18th. The retailer reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.15. The company had revenue of $152.30 billion for the quarter, compared to analysts’ expectations of $147.91 billion. Walmart had a net margin of 1.82% and a return on equity of 21.30%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted $1.30 earnings per share. Research analysts expect that Walmart will post 6.2 earnings per share for the current year.

Insider Buying and Selling

In other Walmart news, EVP John R. Furner sold 4,375 shares of the business’s stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $151.00, for a total value of $660,625.00. Following the completion of the sale, the executive vice president now directly owns 286,617 shares of the company’s stock, valued at approximately $43,279,167. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Walmart news, major shareholder Jim C. Walton sold 1,908,331 shares of the business’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $144.15, for a total value of $275,085,913.65. Following the completion of the sale, the insider now directly owns 247,215,555 shares of the company’s stock, valued at approximately $35,636,122,253.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John R. Furner sold 4,375 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $151.00, for a total transaction of $660,625.00. Following the completion of the sale, the executive vice president now directly owns 286,617 shares of the company’s stock, valued at approximately $43,279,167. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,044,002 shares of company stock valued at $2,981,168,308. Company insiders own 47.06% of the company’s stock.

Institutional Investors Weigh In On Walmart

Several hedge funds have recently modified their holdings of the business. Raleigh Capital Management Inc. lifted its position in shares of Walmart by 5.7% in the 1st quarter. Raleigh Capital Management Inc. now owns 8,365 shares of the retailer’s stock worth $1,233,000 after purchasing an additional 450 shares during the period. Arete Wealth Advisors LLC purchased a new stake in shares of Walmart in the 1st quarter worth approximately $4,541,000. Ameriprise Financial Inc. raised its stake in shares of Walmart by 32.7% during the 1st quarter. Ameriprise Financial Inc. now owns 10,272,260 shares of the retailer’s stock worth $1,514,865,000 after acquiring an additional 2,531,707 shares in the last quarter. Prostatis Group LLC bought a new position in shares of Walmart during the 1st quarter worth approximately $633,000. Finally, Power Corp of Canada bought a new position in shares of Walmart during the 1st quarter worth approximately $4,235,000. Hedge funds and other institutional investors own 31.27% of the company’s stock.

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.