Walmart (NYSE:WMT) Given New $185.00 Price Target at Oppenheimer

Walmart (NYSE:WMTFree Report) had its price target increased by Oppenheimer from $175.00 to $185.00 in a research note issued to investors on Monday, Benzinga reports. They currently have an outperform rating on the retailer’s stock.

Other analysts have also recently issued reports about the company. Stephens upped their price target on Walmart from $185.00 to $190.00 and gave the company an overweight rating in a research note on Monday, November 13th. Royal Bank of Canada reaffirmed an outperform rating and issued a $168.00 price target on shares of Walmart in a research note on Friday, November 17th. Morgan Stanley lowered their price target on Walmart from $170.00 to $168.00 and set an overweight rating for the company in a research note on Friday, November 17th. StockNews.com cut Walmart from a strong-buy rating to a buy rating in a research note on Friday, November 17th. Finally, Truist Financial increased their target price on Walmart from $168.00 to $170.00 and gave the stock a hold rating in a research note on Friday, November 17th. Four analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to MarketBeat, Walmart currently has an average rating of Moderate Buy and an average target price of $179.75.

Check Out Our Latest Research Report on Walmart

Walmart Stock Up 0.6 %

Shares of NYSE WMT opened at $170.30 on Monday. The firm’s 50-day simple moving average is $160.04 and its 200 day simple moving average is $160.41. The company has a market cap of $458.49 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 3.31 and a beta of 0.49. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.49. Walmart has a 12-month low of $136.09 and a 12-month high of $170.66.

Walmart shares are set to split on the morning of Monday, February 26th. The 3-1 split was announced on Tuesday, January 30th. The newly minted shares will be payable to shareholders after the closing bell on Monday, February 26th.

Walmart (NYSE:WMTGet Free Report) last issued 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 business had revenue of $160.80 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 EPS. On average, research analysts expect that Walmart will post 6.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Alice L. Walton sold 433,000 shares of Walmart stock in a transaction on Friday, November 17th. The stock was sold at an average price of $155.89, for a total transaction of $67,500,370.00. Following the completion of the sale, the insider now owns 235,007,961 shares of the company’s stock, valued at $36,635,391,040.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Alice L. Walton sold 433,000 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $155.89, for a total value of $67,500,370.00. Following the completion of the transaction, the insider now owns 235,007,961 shares of the company’s stock, valued at $36,635,391,040.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $167.16, for a total value of $167,160.00. Following the completion of the transaction, the executive vice president now directly owns 176,871 shares of the company’s stock, valued at approximately $29,565,756.36. The disclosure for this sale can be found here. Insiders sold a total of 6,438,607 shares of company stock valued at $1,008,963,347 over the last ninety days. 46.51% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. LCM Capital Management Inc raised its stake in Walmart by 1.3% during the second quarter. LCM Capital Management Inc now owns 9,456 shares of the retailer’s stock worth $1,486,000 after acquiring an additional 124 shares in the last quarter. Legacy Capital Group California Inc. raised its stake in Walmart by 15.0% during the second quarter. Legacy Capital Group California Inc. now owns 7,065 shares of the retailer’s stock worth $1,111,000 after acquiring an additional 924 shares in the last quarter. SeaTown Holdings Pte. Ltd. raised its stake in Walmart by 26.6% during the third quarter. SeaTown Holdings Pte. Ltd. now owns 252,600 shares of the retailer’s stock worth $40,398,000 after acquiring an additional 53,000 shares in the last quarter. High Net Worth Advisory Group LLC raised its stake in Walmart by 3.7% during the third quarter. High Net Worth Advisory Group LLC now owns 6,562 shares of the retailer’s stock worth $1,050,000 after acquiring an additional 235 shares in the last quarter. Finally, Railway Pension Investments Ltd grew its holdings in shares of Walmart by 28.0% during the third quarter. Railway Pension Investments Ltd now owns 767,013 shares of the retailer’s stock worth $122,668,000 after purchasing an additional 167,800 shares during the last quarter. Institutional investors and hedge funds own 33.18% of the company’s stock.

About Walmart

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.