Analysts’ Weekly Ratings Updates for Walmart (WMT)

Several analysts have recently updated their ratings and price targets for Walmart (NYSE: WMT):

• 10/28/2024 – Walmart had its price target raised by analysts at KeyCorp from $86.00 to $87.00. They now have an “overweight” rating on the stock.
• 10/28/2024 – Walmart had its price target raised by analysts at Guggenheim from $81.00 to $90.00. They now have a “buy” rating on the stock.
• 10/22/2024 – Walmart had its price target raised by analysts at Evercore ISI from $82.00 to $85.00. They now have an “outperform” rating on the stock.
• 10/22/2024 – Walmart is now covered by analysts at Sanford C. Bernstein. They set an “outperform” rating and a $95.00 price target on the stock.
• 10/14/2024 – Walmart had its price target raised by analysts at KeyCorp from $82.00 to $86.00. They now have an “overweight” rating on the stock.
• 10/14/2024 – Walmart had its price target raised by analysts at Oppenheimer Holdings Inc. from $81.00 to $90.00. They now have an “outperform” rating on the stock.
• 10/11/2024 – Walmart had its price target raised by analysts at UBS Group AG from $81.00 to $92.00. They now have a “buy” rating on the stock.
• 10/8/2024 – Walmart had its price target raised by analysts at Telsey Advisory Group from $82.00 to $92.00. They now have an “outperform” rating on the stock.
• 9/30/2024 – Walmart had its price target raised by analysts at Robert W. Baird from $82.00 to $90.00. They now have an “outperform” rating on the stock.
• 9/27/2024 – Walmart had its price target raised by analysts at Citigroup Inc. from $75.00 to $98.00. They now have a “buy” rating on the stock.
• 9/24/2024 – Walmart was upgraded by analysts at Truist Financial Co. from a “hold” rating to a “buy” rating. They now have a $89.00 price target on the stock, up previously from $76.00.
• 9/23/2024 – Walmart was upgraded by analysts at Redburn Atlantic to a “strong-buy” rating.
• 9/23/2024 – Walmart had its price target raised by analysts at Wells Fargo & Company from $81.00 to $88.00. They now have an “overweight” rating on the stock.
• 9/23/2024 – Walmart is now covered by analysts at Melius Research. They set a “buy” rating and a $95.00 price target on the stock.
• 9/4/2024 – Walmart had its price target raised by analysts at Jefferies Financial Group Inc. from $85.00 to $90.00. They now have a “buy” rating on the stock.

Walmart Stock Down 0.3 %

Shares of WMT opened at $81.43 on Thursday. Walmart Inc. has a 52-week low of $49.85 and a 52-week high of $83.34. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $79.54 and a two-hundred day simple moving average of $70.86. The company has a market capitalization of $654.55 billion, a PE ratio of 42.41, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $0.61 earnings per share. As a group, equities analysts forecast that Walmart Inc. will post 2.44 EPS for the current year.

Insider Activity at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was 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 $48,781,873,820.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the transaction, the executive vice president now directly owns 593,040 shares in the company, valued at approximately $49,198,598.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,334,337 shares of company stock worth $958,577,287. Insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after purchasing an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Walmart by 181.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after buying an additional 36,625,314 shares during the period. Swiss National Bank grew its stake in shares of Walmart by 187.4% in the first quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock worth $800,454,000 after acquiring an additional 8,674,100 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Walmart by 284.0% during the first quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock worth $669,227,000 after acquiring an additional 8,225,552 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Walmart by 184.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock worth $756,188,000 after acquiring an additional 8,144,393 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

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.