Walmart (NYSE:WMT) Given New $100.00 Price Target at TD Cowen

Walmart (NYSE:WMT) had its price target increased by TD Cowen from $90.00 to $100.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a buy rating on the retailer’s stock.

WMT has been the topic of a number of other research reports. Melius Research initiated coverage on shares of Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 price target on the stock. Truist Financial upgraded Walmart from a “hold” rating to a “buy” rating and boosted their target price for the company from $76.00 to $89.00 in a research report on Tuesday, September 24th. Royal Bank of Canada upped their target price on Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a report on Monday. Tigress Financial lifted their price target on Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Stifel Nicolaus raised their target price on shares of Walmart from $71.00 to $73.00 and gave the company a “hold” rating in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Walmart currently has an average rating of “Buy” and an average price target of $91.51.

Walmart Stock Up 0.7 %

Shares of NYSE:WMT opened at $87.18 on Wednesday. Walmart has a one year low of $49.85 and a one year high of $88.29. The firm has a fifty day moving average price of $81.75 and a two-hundred day moving average price of $73.43. 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 company has a market cap of $700.77 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 4.33 and a beta of 0.51.

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

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 2,375,563 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the transaction, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. This represents a 0.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total transaction 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 represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. WFA Asset Management Corp increased its holdings 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 purchasing an additional 1,397 shares during the period. Dupont Capital Management Corp grew its position in Walmart by 165.4% in the first quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock valued at $16,255,000 after acquiring an additional 168,346 shares during the period. Tiemann Investment Advisors LLC raised its stake in Walmart by 186.8% during the first quarter. Tiemann Investment Advisors LLC now owns 12,218 shares of the retailer’s stock worth $735,000 after acquiring an additional 7,958 shares in the last quarter. InterOcean Capital Group LLC grew its holdings in shares of Walmart by 211.0% in the 1st quarter. InterOcean Capital Group LLC now owns 1,710,257 shares of the retailer’s stock worth $102,906,000 after purchasing an additional 1,160,354 shares during the last quarter. Finally, Natixis lifted its holdings in Walmart by 96.7% during the 1st quarter. Natixis now owns 921,820 shares of the retailer’s stock valued at $55,466,000 after purchasing an additional 453,101 shares during the last quarter. 26.76% of the stock is owned by 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.