Investment Analysts’ Weekly Ratings Updates for Walmart (WMT)

Walmart (NYSE: WMT) recently received a number of ratings updates from brokerages and research firms:

• 5/22/2023 – Walmart had its “maintains” rating reaffirmed by analysts at 92 Resources Corp.
• 5/21/2023 – Walmart had its price target raised by analysts at Barclays PLC from $159.00 to $162.00.
• 5/19/2023 – Walmart had its “maintains” rating reaffirmed by analysts at 1-800-FLOWERS.COM, Inc..
• 5/19/2023 – Walmart had its price target raised by analysts at Truist Financial Co. from $160.00 to $166.00.
• 5/19/2023 – Walmart had its price target raised by analysts at BMO Capital Markets from $165.00 to $170.00.
• 5/19/2023 – Walmart had its price target raised by analysts at Royal Bank of Canada from $160.00 to $164.00.
• 5/19/2023 – Walmart had its price target raised by analysts at Bank of America Co. from $165.00 to $175.00.
• 5/19/2023 – Walmart had its price target raised by analysts at Citigroup Inc. from $169.00 to $174.00.
• 5/19/2023 – Walmart had its price target raised by analysts at JPMorgan Chase & Co. from $155.00 to $157.00.
• 5/18/2023 – Walmart is now covered by analysts at StockNews.com. They set a “strong-buy” rating on the stock.
• 5/12/2023 – Walmart had its price target raised by analysts at JPMorgan Chase & Co. from $150.00 to $155.00.
• 5/9/2023 – Walmart had its price target raised by analysts at Truist Financial Co. from $159.00 to $160.00.
• 4/26/2023 – Walmart had its price target raised by analysts at Truist Financial Co. from $146.00 to $159.00.
• 4/25/2023 – Walmart had its price target raised by analysts at KeyCorp from $170.00 to $175.00.
• 4/19/2023 – Walmart was upgraded by analysts at Gordon Haskett from an “accumulate” rating to a “buy” rating. They now have a $165.00 price target on the stock, up previously from $155.00.
• 4/6/2023 – Walmart had its price target raised by analysts at Wells Fargo & Company from $155.00 to $170.00. They now have an “overweight” rating on the stock.
• 4/6/2023 – Walmart had its price target raised by analysts at KeyCorp from $165.00 to $170.00. They now have an “overweight” rating on the stock.
• 4/6/2023 – Walmart had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $160.00 price target on the stock.
• 4/6/2023 – Walmart had its price target raised by analysts at Oppenheimer Holdings Inc. from $160.00 to $165.00. They now have an “outperform” rating on the stock.
• 4/6/2023 – Walmart had its price target raised by analysts at UBS Group AG from $168.00 to $170.00. They now have a “buy” rating on the stock.
• 4/6/2023 – Walmart had its price target raised by analysts at Stifel Nicolaus from $157.00 to $161.00.
• 4/5/2023 – Walmart had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $170.00 price target on the stock.
• 3/31/2023 – Walmart had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $160.00 price target on the stock.
• 3/30/2023 – Walmart was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. They now have a $160.00 price target on the stock, up previously from $145.00.
• 3/28/2023 – Walmart had its “hold” rating reaffirmed by analysts at Erste Group Bank AG.

Walmart Trading Down 0.5 %

WMT opened at $147.63 on Thursday. The stock has a market cap of $398.21 billion, a PE ratio of 35.49, a PEG ratio of 4.35 and a beta of 0.48. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average of $148.56 and a 200-day moving average of $145.87. Walmart Inc. has a 52 week low of $117.90 and a 52 week high of $154.64.

Walmart (NYSE:WMT – Get Rating) last announced its quarterly earnings data on Thursday, May 18th. The retailer reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.15. The business had revenue of $152.30 billion during the quarter, compared to analysts’ expectations of $147.91 billion. Walmart had a return on equity of 21.30% and a net margin of 1.82%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.30 earnings per share. Equities research analysts predict that Walmart Inc. will post 6.21 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, December 7th. Walmart’s payout ratio is 54.81%.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 9,716 shares of Walmart stock in a transaction on Thursday, March 23rd. The stock was sold at an average price of $140.12, for a total value of $1,361,405.92. Following the completion of the sale, the chief executive officer now owns 1,500,328 shares of the company’s stock, valued at approximately $210,225,959.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Alice L. Walton sold 600 shares of Walmart stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $150.02, for a total value of $90,012.00. Following the completion of the sale, the insider now owns 245,255,856 shares of the company’s stock, valued at $36,793,283,517.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 9,716 shares of the business’s stock in a transaction dated Thursday, March 23rd. The shares were sold at an average price of $140.12, for a total value of $1,361,405.92. Following the sale, the chief executive officer now directly owns 1,500,328 shares of the company’s stock, valued at approximately $210,225,959.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,927,167 shares of company stock worth $2,824,225,316. 47.06% of the stock is owned by insiders.

Hedge Funds Weigh In On Walmart

Large investors have recently made changes to their positions in the business. Carl Stuart Investment Advisor Inc. purchased a new position in shares of Walmart in the first quarter valued at about $4,210,753,000. My Personal CFO LLC purchased a new position in shares of Walmart in the fourth quarter valued at about $25,000. Sageworth Trust Co lifted its position in shares of Walmart by 2,414.3% in the first quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock valued at $26,000 after acquiring an additional 169 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in shares of Walmart in the fourth quarter valued at about $27,000. Finally, NewSquare Capital LLC lifted its position in shares of Walmart by 58.3% in the first quarter. NewSquare Capital LLC now owns 190 shares of the retailer’s stock valued at $28,000 after acquiring an additional 70 shares in the last quarter. 31.27% of the stock is currently owned by hedge funds and other institutional investors.

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.