Walmart (NYSE:WMT) Price Target Raised to $108.00

Walmart (NYSE:WMT) had its target price hoisted by Evercore ISI from $107.00 to $108.00 in a report released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the retailer’s stock.

Other equities analysts also recently issued reports about the stock. Tigress Financial upped their price target on shares of Walmart from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Truist Financial upped their price target on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Wall Street Zen upgraded shares of Walmart from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. KeyCorp upped their price target on shares of Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, June 9th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Walmart in a research note on Monday, May 5th. One research analyst has rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $107.47.

Walmart Price Performance

NYSE:WMT opened at $100.91 on Tuesday. Walmart has a one year low of $72.52 and a one year high of $105.30. The company has a market cap of $805.28 billion, a P/E ratio of 43.12, a P/E/G ratio of 4.85 and a beta of 0.66. The firm’s fifty day moving average price is $97.55 and its two-hundred day moving average price is $95.58. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the company earned $0.60 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts expect that Walmart will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be issued a $0.235 dividend. This represents a yield of 90.0%. The ex-dividend date is Friday, August 15th. Walmart’s dividend payout ratio (DPR) is 40.17%.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $95.14, for a total value of $1,248,712.50. Following the completion of the transaction, the executive vice president owned 932,313 shares in the company, valued at $88,700,258.82. This trade represents a 1.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the transaction, the executive vice president owned 628,318 shares of the company’s stock, valued at approximately $61,851,623.92. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,334 shares of company stock worth $13,913,350 in the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WMT. Whelan Financial raised its holdings in Walmart by 2.3% during the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock worth $392,000 after purchasing an additional 97 shares during the last quarter. Atlas Legacy Advisors LLC raised its holdings in Walmart by 1.1% during the 2nd quarter. Atlas Legacy Advisors LLC now owns 8,707 shares of the retailer’s stock worth $851,000 after purchasing an additional 98 shares during the last quarter. Meridian Wealth Partners LLC raised its holdings in Walmart by 2.1% during the 2nd quarter. Meridian Wealth Partners LLC now owns 4,804 shares of the retailer’s stock worth $470,000 after purchasing an additional 99 shares during the last quarter. Bedel Financial Consulting Inc. raised its holdings in Walmart by 0.4% during the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer’s stock worth $2,275,000 after purchasing an additional 102 shares during the last quarter. Finally, Revolve Wealth Partners LLC raised its holdings in Walmart by 1.1% during the 2nd quarter. Revolve Wealth Partners LLC now owns 9,830 shares of the retailer’s stock worth $961,000 after purchasing an additional 103 shares during the last quarter. Institutional investors 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.