Walmart (NYSE:WMT) Given New $107.00 Price Target at Royal Bank of Canada

Walmart (NYSE:WMT) had its price target reduced by investment analysts at Royal Bank of Canada from $109.00 to $107.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the retailer’s stock. Royal Bank of Canada’s target price indicates a potential upside of 13.56% from the company’s current price.

WMT has been the subject of several other reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Walmart in a report on Friday. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. DZ Bank cut shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price for the company. in a report on Thursday, November 21st. Robert W. Baird lifted their target price on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Truist Financial lifted their target price on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $102.43.

Walmart Trading Down 3.1 %

Shares of WMT traded down $2.98 during trading hours on Friday, reaching $94.23. 20,873,679 shares of the company traded hands, compared to its average volume of 16,464,354. The company’s fifty day moving average price is $95.62 and its two-hundred day moving average price is $86.25. The company has a market capitalization of $756.96 billion, a price-to-earnings ratio of 38.66, a price-to-earnings-growth ratio of 4.40 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart has a 12 month low of $57.77 and a 12 month high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Equities research analysts predict that Walmart will post 2.48 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the acquisition, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 176,777 shares of company stock valued at $16,570,112. 45.58% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vermillion Wealth Management Inc. bought a new position in shares of Walmart in the fourth quarter worth about $786,000. Forum Financial Management LP grew its holdings in shares of Walmart by 4.0% in the fourth quarter. Forum Financial Management LP now owns 75,100 shares of the retailer’s stock worth $6,785,000 after purchasing an additional 2,897 shares during the last quarter. Griffith & Werner Inc. bought a new position in Walmart during the 4th quarter worth about $285,000. Sunbeam Capital Management LLC bought a new position in Walmart during the 4th quarter worth about $1,309,000. Finally, Michels Family Financial LLC bought a new position in Walmart during the 4th quarter worth about $533,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Company Profile

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.