Walmart (NYSE:WMT) Trading Up 0.1% After Analyst Upgrade

Walmart Inc. (NYSE:WMTGet Free Report) shares were up 0.1% during mid-day trading on Monday after Barclays raised their price target on the stock from $60.00 to $66.00. Barclays currently has an overweight rating on the stock. Walmart traded as high as $64.76 and last traded at $64.70. Approximately 3,792,891 shares were traded during trading, a decline of 80% from the average daily volume of 18,723,682 shares. The stock had previously closed at $64.65.

Several other equities analysts also recently issued reports on WMT. The Goldman Sachs Group upped their price objective on shares of Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 17th. DA Davidson increased their price target on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Citigroup increased their price target on shares of Walmart from $63.33 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Walmart from $62.00 to $63.33 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, Morgan Stanley increased their price target on shares of Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Four research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $68.01.

Get Our Latest Stock Analysis on Walmart

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $57.93, for a total transaction of $1,687,250.40. Following the completion of the transaction, the chief executive officer now directly owns 4,076,892 shares of the company’s stock, valued at approximately $236,187,943.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $57.93, for a total transaction of $1,687,250.40. Following the completion of the transaction, the chief executive officer now directly owns 4,076,892 shares of the company’s stock, valued at approximately $236,187,943.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director S Robson Walton sold 14,685,327 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $58.61, for a total transaction of $860,755,966.56. Following the transaction, the director now directly owns 656,397,261 shares of the company’s stock, valued at $38,473,631,458.08. The disclosure for this sale can be found here. Insiders sold a total of 26,743,215 shares of company stock valued at $1,587,502,040 in the last ninety days. Corporate insiders own 46.51% of the company’s stock.

Institutional Trading of Walmart

Several hedge funds have recently bought and sold shares of WMT. Authentikos Wealth Advisory LLC bought a new stake in Walmart in the 3rd quarter valued at about $25,000. EntryPoint Capital LLC bought a new stake in Walmart in the 1st quarter valued at about $25,000. Northwest Capital Management Inc lifted its position in Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock valued at $26,000 after purchasing an additional 293 shares during the last quarter. Partnership Wealth Management LLC bought a new stake in Walmart in the 4th quarter valued at about $30,000. Finally, Able Wealth Management LLC bought a new stake in Walmart in the 4th quarter valued at about $30,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

The stock has a market capitalization of $524.98 billion, a P/E ratio of 27.88, a P/E/G ratio of 4.16 and a beta of 0.49. The company’s 50-day moving average is $60.48 and its two-hundred day moving average is $56.65. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMTGet Free Report) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. During the same period in the previous year, the firm earned $0.49 EPS. Walmart’s revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.39 EPS for the current fiscal year.

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be given a dividend of $0.2075 per share. The ex-dividend date is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.27%. Walmart’s dividend payout ratio (DPR) is 35.52%.

About Walmart

(Get Free Report)

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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