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

Walmart (NYSE:WMT) had its target price raised by equities research analysts at Oppenheimer from $100.00 to $110.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the retailer’s stock. Oppenheimer’s price objective points to a potential upside of 7.80% from the stock’s current price.

WMT has been the subject of a number of other research reports. Truist Financial boosted their price target on Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Barclays raised their price objective on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Jefferies Financial Group increased their price objective on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Wells Fargo & Company upped their price objective on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Monday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $105.00 price target on shares of Walmart in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $96.01.

Walmart Trading Up 1.3 %

WMT stock traded up $1.27 during trading on Wednesday, reaching $102.04. 4,706,154 shares of the stock were exchanged, compared to its average volume of 14,845,099. The firm has a market capitalization of $819.74 billion, a price-to-earnings ratio of 41.94, a P/E/G ratio of 4.49 and a beta of 0.55. Walmart has a 1 year low of $55.85 and a 1 year high of $102.17. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The business has a 50 day moving average price of $93.46 and a 200-day moving average price of $83.69.

Walmart (NYSE:WMT) last posted 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 the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 earnings per share. On average, research analysts predict that Walmart will post 2.48 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Robert Edward Jr. Moritz bought 5,446 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was purchased at an average cost of $91.81 per share, with a total value of $499,997.26. Following the acquisition, the director now directly owns 7,805 shares in the company, valued at $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 137,177 shares of company stock worth $12,649,328 in the last three months. 45.58% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. FPC Investment Advisory Inc. bought a new stake in Walmart in the 4th quarter valued at $25,000. Peterson Financial Group Inc. bought a new stake in Walmart in the 3rd quarter valued at $26,000. Fiduciary Advisors Inc. bought a new stake in Walmart during the fourth quarter worth about $27,000. Voisard Asset Management Group Inc. lifted its stake in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Finally, Decker Retirement Planning Inc. bought a new position in Walmart during the 4th quarter worth approximately $32,000. Institutional investors own 26.76% of the company’s stock.

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.