Jefferies Financial Group Increases Walmart (NYSE:WMT) Price Target to $90.00

Walmart (NYSE:WMT - Get Free Report) had its price target upped by analysts at Jefferies Financial Group from $85.00 to $90.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the retailer's stock. Jefferies Financial Group's price target points to a potential upside of 16.52% from the stock's current price.

Several other analysts also recently weighed in on the company. BMO Capital Markets restated an "outperform" rating and issued a $80.00 price objective on shares of Walmart in a report on Friday, August 16th. Morgan Stanley upped their price target on shares of Walmart from $75.00 to $82.00 and gave the stock an "overweight" rating in a research report on Friday, August 16th. Piper Sandler reiterated an "overweight" rating and set a $83.00 price objective (up from $81.00) on shares of Walmart in a research note on Friday, August 16th. The Goldman Sachs Group boosted their price objective on shares of Walmart from $73.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Finally, Telsey Advisory Group lifted their price target on Walmart from $75.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, August 16th. Two 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. Based on data from MarketBeat.com, Walmart currently has an average rating of "Moderate Buy" and an average price target of $78.99.

Walmart Trading Up 0.1 %

WMT traded up $0.07 on Wednesday, reaching $77.24. 17,989,964 shares of the company traded hands, compared to its average volume of 17,454,119. The company has a market cap of $621.28 billion, a P/E ratio of 33.06, a price-to-earnings-growth ratio of 3.87 and a beta of 0.51. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart has a one year low of $49.85 and a one year high of $77.81. The firm has a fifty day simple moving average of $71.09 and a two-hundred day simple moving average of $65.16.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The company's revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts expect that Walmart will post 2.44 earnings per share for the current year.

Insider Transactions at Walmart

In related news, major shareholder Alice L. Walton sold 1,250,000 shares of Walmart stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $66.11, for a total transaction of $82,637,500.00. Following the completion of the transaction, the insider now directly owns 640,532,611 shares in the company, valued at $42,345,610,913.21. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Alice L. Walton sold 1,250,000 shares of the firm's stock in a transaction on Friday, June 7th. The shares were sold at an average price of $66.11, for a total transaction of $82,637,500.00. Following the sale, the insider now owns 640,532,611 shares in the company, valued at $42,345,610,913.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the transaction, the executive vice president now directly owns 387,165 shares of the company's stock, valued at approximately $26,787,946.35. The disclosure for this sale can be found here. Insiders have sold 6,306,511 shares of company stock worth $420,470,807 over the last quarter. 45.58% of the stock is currently owned by insiders.

Institutional Trading of Walmart

Institutional investors have recently bought and sold shares of the business. EntryPoint Capital LLC acquired a new stake in Walmart during the 1st quarter worth $25,000. Northwest Capital Management Inc lifted its position in Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer's stock worth $26,000 after buying an additional 293 shares in the last quarter. TruNorth Capital Management LLC boosted its stake in 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. acquired a new position in Walmart during the second quarter worth $29,000. Finally, Partnership Wealth Management LLC purchased a new stake in Walmart in the 4th quarter valued at $30,000. 26.76% of the stock is owned by institutional investors and hedge funds.

About Walmart

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.