Walmart (NYSE:WMT) Price Target Increased to $92.00 by Analysts at Telsey Advisory Group

Walmart (NYSE:WMT) had its target price boosted by Telsey Advisory Group from $82.00 to $92.00 in a research report sent to investors on Tuesday morning, MarketBeat.com reports. The firm currently has an outperform rating on the retailer’s stock.

Other research analysts have also recently issued research reports about the stock. Citigroup upped their price target on shares of Walmart from $75.00 to $98.00 and gave the stock a buy rating in a report on Friday, September 27th. Wells Fargo & Company increased their target price on Walmart from $81.00 to $88.00 and gave the company an overweight rating in a research note on Monday, September 23rd. Stifel Nicolaus increased their target price on Walmart from $71.00 to $73.00 and gave the company a hold rating in a research note on Tuesday, August 13th. Piper Sandler reissued an overweight rating and issued a $83.00 target price (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. Finally, StockNews.com raised Walmart from a buy rating to a strong-buy rating in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and an average target price of $81.96.

Walmart Trading Down 1.0 %

NYSE:WMT opened at $79.61 on Tuesday. The company has a market cap of $639.93 billion, a P/E ratio of 41.39, a P/E/G ratio of 4.03 and a beta of 0.51. The stock’s fifty day moving average price is $76.12 and its two-hundred day moving average price is $68.61. Walmart has a 1 year low of $49.85 and a 1 year high of $81.60. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. The firm had revenue of $169.30 billion for 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%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. As a group, analysts expect that Walmart will post 2.44 EPS for the current year.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’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 directly owns 459,558 shares in the company, valued at $37,113,904.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the transaction, the executive vice president now owns 387,165 shares of the company’s stock, valued at $26,787,946.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,337,670 shares of company stock worth $958,267,937 over the last three months. Company insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

Several large investors have recently made changes to their positions in WMT. EntryPoint Capital LLC purchased a new position in shares of Walmart during the first quarter valued at approximately $25,000. Northwest Capital Management Inc increased its position in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after acquiring an additional 293 shares in the last quarter. TruNorth Capital Management LLC increased its position in shares of Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares in the last quarter. Cultivar Capital Inc. bought a new stake in shares of Walmart during the second quarter valued at approximately $29,000. Finally, Able Wealth Management LLC bought a new stake in shares of Walmart during the fourth quarter valued at approximately $30,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

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.