Walmart (NYSE:WMT) Stock Price Expected to Rise, Roth Mkm Analyst Says

Walmart (NYSE:WMT - Get Free Report) had its target price increased by Roth Mkm from $81.00 to $97.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the retailer's stock. Roth Mkm's price objective indicates a potential upside of 11.80% from the company's previous close.

WMT has been the subject of several other reports. Tigress Financial raised their target price on shares of Walmart from $75.00 to $86.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. Royal Bank of Canada increased their price objective on shares of Walmart from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Monday. Melius Research assumed coverage on Walmart in a research report on Monday, September 23rd. They issued a "buy" rating and a $95.00 price objective for the company. BMO Capital Markets increased their price target on shares of Walmart from $80.00 to $100.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Redburn Atlantic upgraded shares of Walmart to a "strong-buy" rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Walmart presently has an average rating of "Buy" and an average price target of $91.51.

Walmart Stock Performance

WMT traded up $0.16 during trading hours on Wednesday, hitting $86.76. 9,419,592 shares of the stock were exchanged, compared to its average volume of 16,802,201. The stock has a 50-day simple moving average of $81.58 and a 200-day simple moving average of $73.34. The stock has a market cap of $697.40 billion, a price-to-earnings ratio of 45.05, a price-to-earnings-growth ratio of 4.19 and a beta of 0.51. Walmart has a 12 month low of $49.85 and a 12 month high of $88.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analysts' expectations of $167.69 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business's revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 earnings per share. Analysts anticipate that Walmart will post 2.44 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the business's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,337,337 shares of company stock valued at $958,823,647 over the last quarter. 45.58% of the stock is currently owned by insiders.

Institutional Trading of Walmart

Institutional investors and hedge funds have recently modified their holdings of the company. Second Line Capital LLC increased its stake in shares of Walmart by 6.0% in the third quarter. Second Line Capital LLC now owns 46,450 shares of the retailer's stock valued at $3,751,000 after buying an additional 2,614 shares in the last quarter. TCW Group Inc. lifted its position in shares of Walmart by 140.1% in the third quarter. TCW Group Inc. now owns 151,115 shares of the retailer's stock worth $12,203,000 after purchasing an additional 88,177 shares in the last quarter. Soltis Investment Advisors LLC grew its stake in Walmart by 31.9% in the third quarter. Soltis Investment Advisors LLC now owns 11,716 shares of the retailer's stock valued at $946,000 after purchasing an additional 2,831 shares in the last quarter. Toronto Dominion Bank grew its holdings in Walmart by 3.1% during the third quarter. Toronto Dominion Bank now owns 2,337,363 shares of the retailer's stock worth $188,742,000 after purchasing an additional 71,075 shares during the period. Finally, Strait & Sound Wealth Management LLC boosted its holdings in shares of Walmart by 6.1% during the third quarter. Strait & Sound Wealth Management LLC now owns 18,651 shares of the retailer's stock worth $1,506,000 after acquiring an additional 1,068 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

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.

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