Roth Mkm Issues Positive Forecast for Walmart (NYSE:WMT) Stock Price

Walmart (NYSE:WMT) had its price objective hoisted by Roth Mkm from $81.00 to $97.00 in a report published on Wednesday,Benzinga reports. They currently have a buy rating on the retailer’s stock.

Several other analysts have also issued reports on the company. Sanford C. Bernstein boosted their target price on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price objective on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Barclays lifted their target price on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 16th. Finally, Morgan Stanley upped their price target on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $91.51.

Walmart Trading Up 0.7 %

Shares of Walmart stock opened at $87.18 on Wednesday. The firm has a market cap of $700.77 billion, a PE ratio of 35.78, a P/E/G ratio of 4.33 and a beta of 0.51. Walmart has a 1 year low of $49.85 and a 1 year high of $88.29. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.22. The stock has a fifty day moving average price of $81.75 and a 200-day moving average price of $73.43.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the previous year, the firm posted $0.51 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts anticipate that Walmart will post 2.43 EPS for the current year.

Insider Buying and Selling at Walmart

In other news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now owns 593,040 shares in the company, valued at approximately $49,198,598.40. The trade was a 2.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,823,647 over the last ninety days. Insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

Several institutional investors and hedge funds have recently bought and sold shares of the stock. WFA Asset Management Corp grew its holdings in shares of Walmart by 201.0% in the first quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock worth $126,000 after purchasing an additional 1,397 shares during the last quarter. Dupont Capital Management Corp grew its holdings in Walmart by 165.4% in the 1st quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock worth $16,255,000 after acquiring an additional 168,346 shares during the last quarter. Tiemann Investment Advisors LLC increased its position in shares of Walmart by 186.8% in the first quarter. Tiemann Investment Advisors LLC now owns 12,218 shares of the retailer’s stock valued at $735,000 after acquiring an additional 7,958 shares during the period. InterOcean Capital Group LLC raised its stake in shares of Walmart by 211.0% during the first quarter. InterOcean Capital Group LLC now owns 1,710,257 shares of the retailer’s stock valued at $102,906,000 after acquiring an additional 1,160,354 shares during the last quarter. Finally, Natixis boosted its holdings in shares of Walmart by 96.7% during the first quarter. Natixis now owns 921,820 shares of the retailer’s stock worth $55,466,000 after purchasing an additional 453,101 shares during the period. 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.