Walmart (NYSE:WMT) Trading Up 0.8% - What's Next?

Walmart Inc. (NYSE:WMT - Get Free Report)'s stock price shot up 0.8% during mid-day trading on Monday . The stock traded as high as $92.26 and last traded at $92.02. 15,705,502 shares traded hands during trading, an increase of 10% from the average session volume of 14,296,278 shares. The stock had previously closed at $91.30.

Wall Street Analysts Forecast Growth

WMT has been the subject of several recent analyst reports. Telsey Advisory Group raised their target price on Walmart from $92.00 to $100.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 19th. Bank of America raised their price objective on Walmart from $95.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Piper Sandler upped their target price on Walmart from $83.00 to $93.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Melius Research started coverage on shares of Walmart in a report on Monday, September 23rd. They set a "buy" rating and a $95.00 price target for the company. Finally, Truist Financial boosted their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $94.49.

Walmart Trading Up 0.8 %

The business has a 50-day moving average of $91.15 and a two-hundred day moving average of $81.46. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $739.19 billion, a price-to-earnings ratio of 37.76, a P/E/G ratio of 4.41 and a beta of 0.55.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.51 EPS. Research analysts predict that Walmart Inc. will post 2.47 EPS for the current fiscal year.

Insider Activity

In other news, Director Robert Edward Jr. Moritz bought 5,446 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now owns 7,805 shares of the company's stock, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total transaction of $2,411,175.96. Following the completion of the sale, the chief executive officer now directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 140,177 shares of company stock worth $12,478,149. 45.58% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Walmart

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dakota Community Bank & Trust NA boosted its holdings in shares of Walmart by 4.0% in the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer's stock worth $260,000 after acquiring an additional 110 shares in the last quarter. Kozak & Associates Inc. raised its position in Walmart by 22.3% in the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer's stock valued at $56,000 after purchasing an additional 113 shares during the last quarter. Summit Financial Wealth Advisors LLC boosted its stake in Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer's stock worth $1,915,000 after purchasing an additional 118 shares in the last quarter. Lowe Wealth Advisors LLC grew its holdings in shares of Walmart by 13.5% during the fourth quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer's stock worth $92,000 after purchasing an additional 121 shares during the last quarter. Finally, Providence Wealth Advisors LLC increased its stake in shares of Walmart by 0.3% in the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer's stock valued at $3,591,000 after buying an additional 122 shares in the last quarter. 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.