Walmart (NYSE:WMT) price target increased to $83.00

Walmart (NYSE:WMT – Get a Free Report) Its price objective was upped by Deutsche Bank Aktiengesellschaft from $77.00 to $83.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the retailer’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 13.00% from the stock’s current price.

Several other research firms have recently weighed in on WMT. Oppenheimer boosted their price objective on Walmart from $69.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, June 6th. Truist Financial boosted their target price on shares of Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a report on Friday, May 17th. Wells Fargo & Company upped their target price on Walmart from $75.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday. HSBC lifted their price objective on Walmart from $70.00 to $81.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Finally, TD Cowen lifted their target price on shares of Walmart from $68.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Three equities research 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. The company currently has a consensus rating of “Moderate Buy” and an average target price of $77.79, based on data from MarketBeat.

Check out our latest review on WMT

Walmart stock down 0.7%

Shares of NYSE:WMT opened at $73.45 on Friday. 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 simple moving average is $68.86, and its 200-day simple moving average is $63.37. Walmart has a fifty-two week low of $49.85 and a fifty-two week high of $74.44. The company has a market cap of $590.80 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 3.95 and a beta of 0.50.

Walmart (NYSE:WMT – Get Your Free Report ) last announced its quarterly earnings data 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. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. In the same quarter last year, the company posted earnings of $0.61 per share. Walmart’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts predict that Walmart will post 2.43 earnings per share for the current year.

Insider activity at Walmart

In other news, Director Timothy Patrick Flynn sold 30,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the transaction, the director now directly owns 144,807 shares of the company’s stock, valued at $9,386,389.74. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. In other Walmart news, Director Timothy Patrick Flynn sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the completion of the sale, the director now owns 144,807 shares in the company, valued at approximately $9,386,389.74. The sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the company’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 value of $73,610,637.46. Following the completion of the sale, the insider now owns 647,371,888 shares of the company’s stock, valued at $42,092,120,157.76. The disclosure for this sale can be found here. Over the last ninety 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.

Institutional inputs and outputs

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WMT. EntryPoint Capital LLC bought a new stake in shares of Walmart in the 1st quarter worth $25,000. Northwest Capital Management Inc boosted its position in shares of Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after buying an additional 293 shares during the last quarter. TruNorth Capital Management LLC raised its stake in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. acquired a new stake in Walmart in the second quarter valued at about $29,000. Finally, Partnership Wealth Management LLC bought a new position in shares of Walmart in the fourth quarter valued at $30,000. Institutional investors and hedge funds own 26.76% of the company’s shares.

Walmart Company Profile

(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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