Walmart (NYSE:WMT) Trading Up 0.1% Following Analyst Upgrade

Walmart Inc. (NYSE:WMTGet Free Report) traded up 0.1% on Thursday after Oppenheimer raised their price target on the stock from $69.00 to $75.00. Oppenheimer currently has an outperform rating on the stock. Walmart traded as high as $67.24 and last traded at $67.13. 3,364,879 shares changed hands during trading, a decline of 82% from the average session volume of 18,334,969 shares. The stock had previously closed at $67.09.

A number of other research firms also recently weighed in on WMT. Citigroup boosted their target price on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. BMO Capital Markets lifted their target price on Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. TD Cowen lifted their price objective on shares of Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. KeyCorp increased their target price on shares of Walmart from $63.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Finally, Stifel Nicolaus lifted their price target on shares of Walmart from $65.00 to $69.00 and gave the stock a “hold” rating in a research note on Friday, May 17th. Four analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $68.32.

Read Our Latest Report on Walmart

Insiders Place Their Bets

In other news, major shareholder Alice L. Walton sold 345,000 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $60.93, for a total value of $21,020,850.00. Following the sale, the insider now owns 652,044,261 shares in the company, valued at $39,729,056,822.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, major shareholder Alice L. Walton sold 345,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $60.93, for a total transaction of $21,020,850.00. Following the sale, the insider now owns 652,044,261 shares in the company, valued at $39,729,056,822.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 25,578 shares of Walmart stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $65.48, for a total value of $1,674,847.44. Following the completion of the transaction, the executive vice president now owns 415,743 shares of the company’s stock, valued at approximately $27,222,851.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,656,725 shares of company stock valued at $559,670,202. 45.58% of the stock is owned by company insiders.

Institutional Investors Weigh In On Walmart

Large investors have recently modified their holdings of the business. EntryPoint Capital LLC purchased a new stake in Walmart in the first quarter valued at approximately $25,000. Northwest Capital Management Inc lifted its holdings in shares of Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the last quarter. Partnership Wealth Management LLC purchased a new position in Walmart during the 4th quarter worth approximately $30,000. Able Wealth Management LLC acquired a new position in Walmart during the fourth quarter worth approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 0.1 %

The firm has a market capitalization of $541.10 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 3.84 and a beta of 0.52. The business’s fifty day moving average price is $61.64 and its 200 day moving average price is $57.54. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMTGet Free Report) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. The firm had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.49 EPS. On average, equities analysts expect that Walmart Inc. will post 2.42 EPS for the current year.

Walmart Company Profile

(Get Free Report)

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

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