Walmart (NYSE:WMT) Price Target Raised to $115.00 at Telsey Advisory Group

Walmart (NYSE:WMT) had its price target increased by stock analysts at Telsey Advisory Group from $105.00 to $115.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the retailer’s stock. Telsey Advisory Group’s price objective would indicate a potential upside of 9.42% from the stock’s previous close.

A number of other research firms have also recently weighed in on WMT. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Wells Fargo & Company upped their target price on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Oppenheimer lifted their price target on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Piper Sandler boosted their price objective on shares of Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, Tigress Financial raised their target price on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $98.85.

Walmart Stock Up 1.4 %

WMT stock opened at $105.10 on Wednesday. Walmart has a one year low of $55.85 and a one year high of $105.24. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The company has a fifty day moving average of $94.63 and a 200-day moving average of $84.95. The stock has a market capitalization of $844.29 billion, a PE ratio of 43.13, a price-to-earnings-growth ratio of 4.25 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS. As a group, analysts expect that Walmart will post 2.48 EPS for the current year.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the transaction, the chief executive officer now directly owns 3,766,491 shares of the company’s stock, valued at approximately $348,852,396.42. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is owned by insiders.

Institutional Investors Weigh In On Walmart

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new position in Walmart during the fourth quarter valued at $5,737,355,000. Raymond James Financial Inc. acquired a new stake in Walmart during the 4th quarter worth about $2,306,627,000. Jennison Associates LLC grew its stake in Walmart by 479.6% during the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after acquiring an additional 15,290,936 shares in the last quarter. FMR LLC increased its holdings in shares of Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after purchasing an additional 7,200,004 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of Walmart by 8,814.4% in the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after purchasing an additional 6,885,106 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

About Walmart

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.