Walmart (NASDAQ:WMT) Price Target Raised to $149.00

Walmart (NASDAQ:WMT) had its price target lifted by UBS Group from $130.00 to $149.00 in a research note published on Monday,Benzinga reports. The firm currently has a buy rating on the retailer’s stock.

Several other research analysts have also weighed in on the stock. BNP Paribas Exane restated an “outperform” rating and set a $137.00 target price (down from $146.00) on shares of Walmart in a research report on Friday, August 21st. Citigroup reduced their price target on shares of Walmart from $147.00 to $132.00 and set a “buy” rating for the company in a research report on Friday, August 21st. Tigress Financial reissued a “buy” rating and set a $155.00 price target on shares of Walmart in a research note on Monday, August 31st. Piper Sandler restated an “overweight” rating and issued a $128.00 price target (down from $137.00) on shares of Walmart in a report on Friday, August 21st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $142.00 price target (down from $145.00) on shares of Walmart in a report on Friday, August 21st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $131.51.

Walmart Stock Performance

NASDAQ WMT opened at $125.67 on Monday. The stock has a market capitalization of $997.03 billion, a price-to-earnings ratio of 45.37, a PEG ratio of 4.53 and a beta of 0.53. The business’s 50 day moving average is $113.74 and its two-hundred day moving average is $118.70. Walmart has a 12-month low of $98.88 and a 12-month high of $135.15. The company has a current ratio of 0.77, a quick ratio of 0.23 and a debt-to-equity ratio of 0.41.

Walmart (NASDAQ:WMT) last posted its quarterly earnings results on Thursday, August 20th. The retailer reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. Walmart had a return on equity of 21.83% and a net margin of 3.00%. The business had revenue of $187.94 billion during the quarter, compared to analysts’ expectations of $186.64 billion. During the same period last year, the firm earned $0.68 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. Research analysts expect that Walmart will post 2.88 EPS for the current year.

Insider Buying and Selling at Walmart

In related news, EVP Daniel Danker sold 50,644 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $105.35, for a total value of $5,335,345.40. Following the completion of the sale, the executive vice president directly owned 201,672 shares in the company, valued at approximately $21,246,145.20. This represents a 20.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Latriece Watkins sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, October 14th. The shares were sold at an average price of $115.00, for a total value of $575,000.00. Following the completion of the transaction, the executive vice president directly owned 110,432 shares in the company, valued at $12,699,680. This trade represents a 4.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 268,222 shares of company stock worth $31,604,051. Corporate insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On Walmart

Institutional investors and hedge funds have recently modified their holdings of the stock. Montgomery Financial Services LLC purchased a new stake in shares of Walmart during the 2nd quarter valued at about $32,000. Turim 21 Investimentos Ltda. acquired a new position in Walmart during the 2nd quarter worth approximately $34,000. Pingora Partners LLC purchased a new position in Walmart in the 2nd quarter worth approximately $34,000. PMV Capital Advisers LLC purchased a new position in Walmart in the 2nd quarter worth approximately $34,000. Finally, Team Financial Group LLC purchased a new position in Walmart in the 3rd quarter worth approximately $40,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart News Roundup

These are some of the WMT news items that stood out recently:

• Positive Sentiment: JPMorgan Chase also raised its price target on Walmart, adding to the positive analyst-revision trend; the provided report did not specify the new target. Walmart stock gets price target increase from JPMorgan Chase
• Neutral Sentiment: Sam’s Club is benefiting from higher traffic, membership growth and digital sales, though lower average ticket values are weighing on comparable-sales growth. The mix suggests momentum, but also a limitation on near-term comp growth. Walmart’s Sam’s Club sees higher traffic
• Negative Sentiment: RBC said Walmart is unlikely to deliver a “significant” upside surprise in its fiscal third-quarter report, tempering expectations for a major near-term earnings catalyst. Walmart unlikely to deliver significant upside surprise, RBC says

Walmart Company Profile

Walmart is a multinational retailer that operates discount stores, supercenters, neighborhood markets, and membership warehouse clubs. Its business includes Walmart U.S., Walmart International, and Sam’s Club. The company sells groceries and a broad range of general merchandise, including apparel, electronics, household goods, and health and wellness products. Walmart also serves customers through e-commerce, with services such as order pickup and delivery. Founded by Sam Walton in 1962, Walmart is headquartered in Bentonville, Arkansas.