Walmart (NYSE:WMT) was given a new $81.00 target price by Roth Mkm

Walmart (NYSE:WMT – Free Report) boosted their price objective on Roth Mkm from $71.00 to $81.00 in a research report sent to investors on Friday morning, Benzinga reports. Roth Mkm currently has a buy rating on the retailer’s stock.

A number of other analysts have recently issued reports on the stock. TD Cowen raised their target price on shares of Walmart from $68.00 to $75.00 and gave the company a buy rating in a report on Friday, May 17th. Barclays boosted their target price on shares of Walmart from $66.00 to $78.00 and gave the company an overweight rating in a report on Friday. Citigroup lifted their price target on Walmart from $63.33 to $75.00 and gave the stock a buy rating in a research report on Friday, May 17th. Deutsche Bank Aktiengesellschaft boosted their target price on Walmart from $71.00 to $77.00 and gave the stock a buy rating in a report on Monday, July 1st. Finally, Jefferies Financial Group raised their target price on Walmart from $77.00 to $80.00 and gave the company a buy rating in a report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $77.79.

See the latest stock report on WMT

Walmart price performance

Shares of WMT stock opened at $73.45 on Friday. The company has a market cap of $590.80 billion, a P/E ratio of 31.43, a price-to-earnings-growth 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. Walmart has a 12 month low of $49.85 and a 12 month high of $74.44. The firm has a 50-day moving average of $68.86 and a 200-day moving average of $63.32.

Walmart (NYSE:WMT – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. In the same quarter last year, the company posted earnings of $0.61 per share. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Walmart will post 2.43 earnings per share for the current fiscal year.

Insider activity at Walmart

In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the completion of the transaction, the insider now directly owns 636,898,811 shares in the company, valued at approximately $42,544,840,574.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink. In related news, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the completion of the transaction, the insider now directly owns 636,898,811 shares of the company’s stock, valued at approximately $42,544,840,574.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total value of $73,610,637.46. Following the completion of the sale, the insider now directly owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,000,613 shares of company stock worth $725,932,010. 45.58% of the shares are currently owned by company insiders.

Walmart Institutional Trading

Hedge funds and other institutional investors have recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new stake in Walmart in the 1st quarter worth $25,000. Northwest Capital Management Inc grew its holdings in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the last quarter. TruNorth Capital Management LLC raised 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 worth $29,000 after buying an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new stake in shares of Walmart in the second quarter valued at approximately $29,000. Finally, Partnership Wealth Management LLC acquired a new position in shares of Walmart in the 4th quarter valued at $30,000. 26.76% of the shares are currently owned by institutional investors and hedge funds.

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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