Walmart Inc. (NYSE:WMT) Receives Average Rating of “Moderate Buy” from Brokerages

Walmart Inc. (NYSE:WMT) has been assigned a consensus rating of “Moderate Buy” from the thirty-one brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, twenty-eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $93.69.

A number of research firms have issued reports on WMT. Wells Fargo & Company lifted their price objective on shares of Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Citigroup boosted their price target on shares of Walmart from $75.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Roth Mkm increased their price objective on shares of Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Truist Financial boosted their target price on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, KeyCorp upped their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th.

Walmart Trading Up 0.9 %

NYSE:WMT opened at $90.78 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart has a one year low of $51.87 and a one year high of $96.18. The company has a market cap of $729.27 billion, a PE ratio of 37.26, a PEG ratio of 4.47 and a beta of 0.54. The firm has a 50-day moving average of $89.41 and a 200-day moving average of $79.72.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period in the previous year, the company posted $0.51 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts expect that Walmart will post 2.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 2,065 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the transaction, the executive vice president now directly owns 457,493 shares of the company’s stock, valued at $36,915,110.17. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now directly owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,412 shares of company stock worth $12,478,116 in the last quarter. 45.58% of the stock is owned by company insiders.

Institutional Trading of Walmart

A number of large investors have recently modified their holdings of the business. Intact Investment Management Inc. lifted its holdings in shares of Walmart by 43.2% during the 2nd quarter. Intact Investment Management Inc. now owns 16,330 shares of the retailer’s stock worth $1,106,000 after acquiring an additional 4,930 shares during the last quarter. Confluence Wealth Services Inc. lifted its stake in Walmart by 0.5% during the second quarter. Confluence Wealth Services Inc. now owns 67,469 shares of the retailer’s stock worth $4,568,000 after purchasing an additional 331 shares during the last quarter. Advisors Management Group Inc. ADV boosted its holdings in shares of Walmart by 1.7% in the 2nd quarter. Advisors Management Group Inc. ADV now owns 9,312 shares of the retailer’s stock worth $631,000 after purchasing an additional 153 shares in the last quarter. Taylor Financial Group Inc. bought a new position in shares of Walmart during the 2nd quarter valued at about $224,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Walmart by 10.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 112,876 shares of the retailer’s stock valued at $7,617,000 after buying an additional 10,372 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

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.