BMO Capital Markets Issues Positive Forecast for Walmart (NYSE:WMT) Stock Price

Walmart (NYSE:WMT) had its target price upped by BMO Capital Markets from $80.00 to $100.00 in a report released on Monday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the retailer’s stock.

Other analysts have also recently issued reports about the stock. Morgan Stanley increased their price objective on shares of Walmart from $82.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Jefferies Financial Group raised their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Friday. Truist Financial raised Walmart from a “hold” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $89.00 in a research note on Tuesday, September 24th. Tigress Financial lifted their target price on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, Roth Mkm upped their price target on Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $86.71.

Walmart Trading Down 0.2 %

Shares of NYSE:WMT opened at $84.09 on Monday. Walmart has a 12-month low of $49.85 and a 12-month high of $85.79. The company has a market cap of $675.94 billion, a PE ratio of 43.72, a price-to-earnings-growth ratio of 4.20 and a beta of 0.51. The stock has a 50 day moving average of $81.43 and a 200 day moving average of $73.15. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the sale, the executive vice president now owns 378,165 shares of the company’s stock, valued at $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 2,375,563 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total value of $182,823,328.48. Following the transaction, the insider now directly owns 619,646,544 shares in the company, valued at approximately $47,687,998,026.24. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WMT. Soltis Investment Advisors LLC lifted its holdings in Walmart by 31.9% during the 3rd quarter. Soltis Investment Advisors LLC now owns 11,716 shares of the retailer’s stock valued at $946,000 after buying an additional 2,831 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Walmart by 3.1% during the third quarter. Toronto Dominion Bank now owns 2,337,363 shares of the retailer’s stock worth $188,742,000 after acquiring an additional 71,075 shares during the period. Strait & Sound Wealth Management LLC raised its stake in shares of Walmart by 6.1% during the third quarter. Strait & Sound Wealth Management LLC now owns 18,651 shares of the retailer’s stock valued at $1,506,000 after acquiring an additional 1,068 shares in the last quarter. Synergy Financial Group LTD purchased a new stake in shares of Walmart in the third quarter valued at approximately $266,000. Finally, RB Capital Management LLC grew its stake in Walmart by 1.1% in the third quarter. RB Capital Management LLC now owns 34,053 shares of the retailer’s stock worth $2,750,000 after purchasing an additional 364 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

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.