Walmart (WMT) – Investment Analysts’ Weekly Ratings Changes

Walmart (NYSE: WMT) has recently received a number of price target changes and ratings updates:

• 11/14/2023 – Walmart had its price target raised by analysts at Jefferies Financial Group Inc. from $190.00 to $195.00. They now have a “buy” rating on the stock.
• 11/13/2023 – Walmart had its price target raised by analysts at Stephens from $185.00 to $190.00. They now have an “overweight” rating on the stock.
• 11/13/2023 – Walmart had its price target raised by analysts at Stifel Nicolaus from $169.00 to $171.00. They now have a “hold” rating on the stock.
• 10/25/2023 – Walmart had its price target raised by analysts at Tigress Financial from $182.00 to $196.00. They now have a “buy” rating on the stock.
• 10/5/2023 – Walmart is now covered by analysts at StockNews.com. They set a “strong-buy” rating on the stock.
• 9/27/2023 – Walmart had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $210.00 price target on the stock.
• 9/26/2023 – Walmart had its price target raised by analysts at Stifel Nicolaus from $167.00 to $169.00. They now have a “hold” rating on the stock.
• 9/22/2023 – Walmart is now covered by analysts at HSBC Holdings plc. They set a “buy” rating and a $200.00 price target on the stock.

Walmart Trading Down 0.0 %

NYSE WMT opened at $167.65 on Wednesday. Walmart Inc. has a 12 month low of $136.09 and a 12 month high of $169.15. The stock has a 50-day simple moving average of $162.36 and a 200 day simple moving average of $157.67. The company has a current ratio of 0.83, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $451.24 billion, a PE ratio of 32.24, a P/E/G ratio of 3.46 and a beta of 0.53.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 17th. The retailer reported $1.84 EPS for the quarter, beating the consensus estimate of $1.69 by $0.15. Walmart had a net margin of 2.23% and a return on equity of 21.47%. The firm had revenue of $161.63 billion during the quarter, compared to the consensus estimate of $160.22 billion. During the same quarter in the prior year, the firm earned $1.77 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. Research analysts forecast that Walmart Inc. will post 6.45 EPS for the current year.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $164.37, for a total transaction of $164,370.00. Following the sale, the executive vice president now directly owns 167,735 shares in the company, valued at $27,570,601.95. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP John D. Rainey sold 1,000 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $164.37, for a total transaction of $164,370.00. Following the completion of the transaction, the executive vice president now directly owns 167,735 shares in the company, valued at $27,570,601.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 9,708 shares of Walmart stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $162.99, for a total value of $1,582,306.92. Following the completion of the sale, the chief executive officer now directly owns 1,451,801 shares in the company, valued at approximately $236,629,044.99. The disclosure for this sale can be found here. In the last three months, insiders sold 31,166 shares of company stock valued at $5,066,701. 46.51% of the stock is owned by corporate insiders.

Institutional Trading of Walmart

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich raised its stake in Walmart by 93,272.8% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 821,003,685 shares of the retailer’s stock valued at $129,045,359,000 after acquiring an additional 820,124,410 shares during the period. Moneta Group Investment Advisors LLC raised its position in shares of Walmart by 112,181.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 22,854,919 shares of the retailer’s stock valued at $3,240,599,000 after purchasing an additional 22,834,564 shares during the period. Norges Bank acquired a new stake in shares of Walmart during the 4th quarter worth about $2,598,736,000. Providence Capital Advisors LLC boosted its holdings in shares of Walmart by 1,164,937.0% during the 1st quarter. Providence Capital Advisors LLC now owns 4,718,400 shares of the retailer’s stock worth $32,000,000 after buying an additional 4,717,995 shares during the period. Finally, Boston Partners grew its stake in Walmart by 7,546.2% in the 1st quarter. Boston Partners now owns 3,166,995 shares of the retailer’s stock valued at $467,747,000 after buying an additional 3,125,576 shares during the last quarter. Institutional investors own 33.18% of the company’s stock.

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 under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.