Walmart (NASDAQ:WMT) Stock Price Target Raised at Wells Fargo & Company

Walmart (NASDAQ:WMT) had its price objective lifted by Wells Fargo & Company from $120.00 to $135.00 in a research report released on Friday,Benzinga reports. The firm currently has an overweight rating on the retailer’s stock.

Other equities analysts have also issued reports about the company. Wolfe Research reaffirmed an “outperform” rating and issued a $115.00 price objective (down from $130.00) on shares of Walmart in a research note on Friday, August 21st. JPMorgan Chase & Co. increased their price target on Walmart from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday, November 9th. BNP Paribas Exane reissued an “outperform” rating and set a $137.00 target price (down from $146.00) on shares of Walmart in a research report on Friday, August 21st. Gordon Haskett boosted their price target on shares of Walmart from $110.00 to $135.00 and gave the stock a “buy” rating in a report on Friday, October 9th. Finally, BTIG Research reissued a “buy” rating and set a $140.00 target price on shares of Walmart in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $132.23.

Walmart Stock Performance

NASDAQ WMT opened at $128.09 on Friday. Walmart has a fifty-two week low of $98.88 and a fifty-two week high of $135.15. The firm’s fifty day moving average price is $114.54 and its two-hundred day moving average price is $118.79. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.23 and a current ratio of 0.77. The stock has a market cap of $1.02 trillion, a PE ratio of 44.59, a PEG ratio of 4.57 and a beta of 0.53.

Walmart (NASDAQ:WMT) last posted its earnings results on Thursday, August 20th. The retailer reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. The firm had revenue of $187.94 billion during the quarter, compared to the consensus estimate of $186.64 billion. Walmart had a return on equity of 21.83% and a net margin of 3.00%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. On average, equities analysts expect that Walmart will post 2.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other Walmart news, EVP Latriece Watkins sold 5,000 shares of the business’s stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $115.00, for a total value of $575,000.00. Following the sale, the executive vice president directly owned 110,432 shares in the company, valued at $12,699,680. The trade was a 4.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Suresh Kumar sold 166,342 shares of the business’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $123.21, for a total value of $20,494,997.82. Following the completion of the sale, the chief technology officer owned 1,632,223 shares in the company, valued at approximately $201,106,195.83. The trade was a 9.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 268,222 shares of company stock valued at $31,604,051 in the last quarter. 0.09% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Walmart

Several large investors have recently added to or reduced their stakes in the company. Montgomery Financial Services LLC purchased a new stake in shares of Walmart during the 2nd quarter valued at approximately $32,000. Turim 21 Investimentos Ltda. purchased a new position in Walmart in the 2nd quarter valued at approximately $34,000. Pingora Partners LLC purchased a new position in Walmart in the 2nd quarter valued at approximately $34,000. PMV Capital Advisers LLC purchased a new position in Walmart in the 2nd quarter valued at approximately $34,000. Finally, Team Financial Group LLC bought a new stake in Walmart during the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Latest Walmart News

Here’s some of the latest news about WMT:

• Positive Sentiment: Pre-earnings coverage highlights the potential for earnings growth or a beat, pointing to value pricing, digital expansion and resilient demand. The Nov. 19 results and outlook are the next key catalyst for the stock. Zacks earnings preview
• Positive Sentiment: ETF demand may be supporting momentum: ETFs reportedly purchased about $112.9 million of Walmart shares on Nov. 10. ETF purchases report
• Negative Sentiment: Walmart agreed to a record $7.8 million settlement over child-labor violations at Pennsylvania stores. New compliance requirements and higher penalties for future violations add regulatory and oversight risk, though the settlement is small relative to the company’s scale. Pennsylvania settlement report

Walmart Company Profile

Walmart is a multinational retailer that operates discount stores, supercenters, neighborhood markets, and membership warehouse clubs. Its business includes Walmart U.S., Walmart International, and Sam’s Club. The company sells groceries and a broad range of general merchandise, including apparel, electronics, household goods, and health and wellness products. Walmart also serves customers through e-commerce, with services such as order pickup and delivery. Founded by Sam Walton in 1962, Walmart is headquartered in Bentonville, Arkansas.