Walmart (NYSE:WMT) received a new $85.00 target price at DA Davidson

Walmart (NYSE:WMT – Free Report) Their price objective was upped by DA Davidson from $75.00 to $85.00 in a research report sent to investors on Friday, Benzinga reports. DA Davidson currently has a buy rating on the retailer’s stock.

Several other equities analysts have also recently commented on the company. Truist Financial boosted their price target on Walmart from $64.00 to $76.00 and gave the stock a hold rating in a research report on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Walmart from $77.00 to $83.00 and gave the stock a buy rating in a research report on Friday. Raymond James upped their target price on shares of Walmart from $63.00 to $70.00 and gave the stock an outperform rating in a research note on Friday, May 17th. Jefferies Financial Group lifted their price objective on shares of Walmart from $77.00 to $80.00 and gave the company a buy rating in a research report on Monday, August 12th. Finally, Goldman Sachs Group upped their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a buy rating in a research report on Friday. Three analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat , Walmart has a consensus rating of Moderate Buy and a consensus price target of $77.79.

Check out our latest research report on WMT

Walmart trading up 0.7%

Shares of WMT stock opened at $73.45 on Friday. Walmart has a 12 month low of $49.85 and a 12 month high of $74.44. The stock has a market cap of $590.80 billion, a PE ratio of 31.43, a P/E/G ratio of 3.95 and a beta of 0.50. The company has a quick ratio of 0.23, a current ratio of 0.80, and a debt-to-equity ratio of 0.48. The company’s 50-day moving average price is $68.86 and its 200-day moving average price is $63.32.

Walmart (NYSE:WMT – Get Your Free Report ) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. Walmart’s revenue rose 4.7% year-over-year. In the same quarter last year, the firm posted EPS of $0.61. On average, equities analysts anticipate that Walmart will post 2.43 EPS for the current fiscal year.

Insider buying and selling

In other news, major shareholder Alice L. Walton sold 1,132,123 shares of Walmart stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the sale, the insider now owns 647,371,888 shares of the company’s stock, valued at approximately $42,092,120,157.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other Walmart news, major shareholder Alice L. Walton sold 1,132,123 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the transaction, the insider now owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the transaction, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. The disclosure for this sale can be found here. Insiders sold 11,000,613 shares of company stock worth $725,932,010 in the last quarter. 45.58% of the shares are owned by company insiders.

Walmart Institutional Trading

Hedge funds and other institutional investors have recently modified their holdings of the business. AHL Investment Management Inc. grew its holdings in Walmart by 192.1% in the first quarter. AHL Investment Management Inc. now owns 24,000 shares of the retailer’s stock worth $1,444,000 after purchasing an additional 15,785 shares during the period. Valley Brook Capital Group Inc. raised its holdings in shares of Walmart by 4.2% during the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock valued at $1,232,000 after buying an additional 315 shares in the last quarter. Core Wealth Advisors Inc. boosted its position in shares of Walmart by 38.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 1,501 shares of the retailer’s stock worth $237,000 after purchasing an additional 420 shares in the last quarter. Liberty Wealth Management LLC acquired a new stake in shares of Walmart in the 1st quarter worth about $270,000. Finally, Commerce Bank raised its position in Walmart by 189.4% in the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock valued at $55,213,000 after buying an additional 600,521 shares in the last quarter. 26.76% of the shares are held by hedge funds and other institutional investors.

About Walmart

(Get a free report)

Walmart Inc engages in retail, wholesale, other facilities and e-commerce operations worldwide. The company operates through three segments: Walmart US, Walmart International and Sam’s Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores and discount stores under the Walmart and Walmart Neighborhood Market brands; members-only deposit clubs; e-commerce sites such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.

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