Walmart (NYSE:WMT) Given New $175.00 Price Target at BMO Capital Markets

Walmart (NYSE:WMT) had its target price reduced by BMO Capital Markets from $180.00 to $175.00 in a report issued on Friday, Benzinga reports. They currently have an outperform rating on the retailer’s stock.

A number of other research firms have also commented on WMT. Roth Mkm raised their price objective on shares of Walmart from $169.00 to $179.00 and gave the stock a buy rating in a research note on Friday, August 18th. Sanford C. Bernstein raised their price objective on shares of Walmart from $159.00 to $165.00 and gave the stock a market perform rating in a research note on Friday, August 18th. Truist Financial raised their price objective on shares of Walmart from $166.00 to $168.00 and gave the stock a hold rating in a research note on Friday, August 18th. Raymond James raised their price objective on shares of Walmart from $160.00 to $170.00 and gave the stock an outperform rating in a research note on Friday, August 18th. Finally, StockNews.com assumed coverage on shares of Walmart in a research note on Thursday, October 5th. They issued a strong-buy rating for the company. Four research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $179.00.

Walmart Trading Down 0.0 %

Walmart stock opened at $155.30 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.26 and a current ratio of 0.85. The firm has a market cap of $418.00 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 3.23 and a beta of 0.53. Walmart has a 1 year low of $136.09 and a 1 year high of $169.94. The firm’s 50 day moving average price is $162.03 and its two-hundred day moving average price is $157.90.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 16th. The retailer reported $1.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.53. The firm had revenue of $160.80 billion for the quarter, compared to analyst estimates of $159.65 billion. Walmart had a net margin of 2.55% and a return on equity of 21.20%. The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.50 earnings per share. On average, research analysts predict that Walmart will post 6.44 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 1,000 shares of Walmart stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $159.50, for a total value of $159,500.00. Following the transaction, the executive vice president now owns 168,735 shares in the company, valued at approximately $26,913,232.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP John R. Furner sold 4,375 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $162.00, for a total transaction of $708,750.00. Following the sale, the executive vice president now directly owns 269,119 shares in the company, valued at $43,597,278. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John D. Rainey sold 1,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $159.50, for a total transaction of $159,500.00. Following the completion of the sale, the executive vice president now directly owns 168,735 shares in the company, valued at approximately $26,913,232.50. The disclosure for this sale can be found here. Insiders have sold 31,166 shares of company stock worth $5,066,701 in the last quarter. 46.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Authentikos Wealth Advisory LLC acquired a new stake in shares of Walmart during the third quarter worth approximately $25,000. Kozak & Associates Inc. boosted its holdings in shares of Walmart by 1,490.0% in the 3rd quarter. Kozak & Associates Inc. now owns 159 shares of the retailer’s stock worth $25,000 after acquiring an additional 149 shares in the last quarter. Sageworth Trust Co grew its position in Walmart by 2,414.3% during the 1st quarter. Sageworth Trust Co now owns 176 shares of the retailer’s stock worth $26,000 after acquiring an additional 169 shares during the last quarter. PFG Private Wealth Management LLC acquired a new stake in Walmart during the 2nd quarter valued at $28,000. Finally, NewSquare Capital LLC raised its position in Walmart by 58.3% in the 1st quarter. NewSquare Capital LLC now owns 190 shares of the retailer’s stock valued at $28,000 after purchasing an additional 70 shares during the last quarter. 33.18% of the stock is currently owned by institutional investors and hedge funds.

About Walmart

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.