Walmart (NYSE:WMT) Price Target Raised to $93.00

Walmart (NYSE:WMT) had its target price lifted by Piper Sandler from $83.00 to $93.00 in a report released on Monday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the retailer’s stock.

A number of other analysts also recently issued reports on WMT. Bank of America lifted their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, August 16th. Robert W. Baird lifted their price target on shares of Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, September 30th. DA Davidson lifted their price target on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Morgan Stanley lifted their price target on shares of Walmart from $82.00 to $89.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.49.

Walmart Stock Up 1.3 %

Shares of WMT stock opened at $88.32 on Monday. The company has a market capitalization of $709.94 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 4.33 and a beta of 0.51. Walmart has a one year low of $49.85 and a one year high of $88.64. The company’s fifty day moving average price is $81.92 and its 200-day moving average price is $73.54. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.51 EPS. Sell-side analysts expect that Walmart will post 2.47 EPS for the current fiscal year.

Insider Activity at Walmart

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. The trade was a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,823,647 in the last 90 days. 45.58% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Walmart

Several large investors have recently modified their holdings of WMT. Charles Schwab Investment Management Inc. raised its stake in shares of Walmart by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock worth $2,522,369,000 after acquiring an additional 350,881 shares in the last quarter. Oxbow Advisors LLC raised its stake in shares of Walmart by 45.0% during the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock worth $2,298,000 after acquiring an additional 8,834 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Walmart by 21.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock worth $47,400,000 after acquiring an additional 105,430 shares in the last quarter. Whalerock Point Partners LLC raised its stake in shares of Walmart by 213.5% during the 1st quarter. Whalerock Point Partners LLC now owns 29,613 shares of the retailer’s stock worth $1,782,000 after acquiring an additional 20,167 shares in the last quarter. Finally, WFA Asset Management Corp raised its stake in shares of Walmart by 201.0% during the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after acquiring an additional 1,397 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.