Walmart Inc. (NYSE:WMT) Receives $103.17 Average Price Target from Analysts

Shares of Walmart Inc. (NYSE:WMT) have been given a consensus rating of “Moderate Buy” by the thirty-three brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, thirty have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $103.58.

WMT has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their target price on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Robert W. Baird boosted their target price on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Royal Bank of Canada cut their price target on shares of Walmart from $107.00 to $102.00 and set an “outperform” rating on the stock in a report on Thursday. Barclays reiterated an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Finally, KeyCorp raised their target price on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 21st.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total transaction of $195,052.00. Following the transaction, the executive vice president now directly owns 398,024 shares in the company, valued at approximately $35,288,807.84. This represents a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, the executive vice president now owns 423,597 shares in the company, valued at $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 178,852 shares of company stock valued at $16,785,080. 45.58% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new position in shares of Walmart during the fourth quarter worth about $25,000. Horizon Financial Services LLC lifted its position in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. bought a new stake in shares of Walmart in the fourth quarter worth $27,000. Decker Retirement Planning Inc. bought a new position in Walmart in the fourth quarter valued at $32,000. Finally, Noble Wealth Management PBC acquired a new stake in Walmart in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Up 2.4 %

NYSE WMT opened at $92.81 on Tuesday. Walmart has a 52 week low of $58.56 and a 52 week high of $105.30. The firm has a 50 day moving average of $92.43 and a two-hundred day moving average of $89.88. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $744.03 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. As a group, research analysts expect that Walmart will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 39.00%.

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.