Walmart (NYSE:WMT) Trading 0.4% Higher Following Analyst Upgrade

Walmart Inc. (NYSE:WMT) shares shot up 0.4% on Friday after Tigress Financial raised their price target on the stock from $86.00 to $115.00. Tigress Financial currently has a buy rating on the stock. Walmart traded as high as $94.52 and last traded at $94.29. 2,534,241 shares changed hands during trading, a decline of 85% from the average session volume of 16,858,213 shares. The stock had previously closed at $93.88.

A number of other equities analysts have also commented on WMT. Morgan Stanley boosted their price objective on Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. DA Davidson lifted their price objective on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Piper Sandler upped their target price on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Roth Mkm raised their target price on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Barclays boosted their price target on shares of Walmart from $78.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $93.33.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the transaction, the chief executive officer now directly owns 3,873,053 shares in the company, valued at $312,322,993.92. This trade represents a 0.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder S Robson Walton sold 359,616 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $78.25, for a total value of $28,139,952.00. Following the completion of the sale, the insider now owns 603,989,702 shares of the company’s stock, valued at $47,262,194,181.50. This represents a 0.06 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,309,091 shares of company stock valued at $183,375,539. 45.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Walmart

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Peterson Financial Group Inc. acquired a new position in Walmart during the third quarter valued at approximately $26,000. Cultivar Capital Inc. acquired a new position in shares of Walmart in the 2nd quarter valued at $29,000. Voisard Asset Management Group Inc. increased its position in shares of 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 buying an additional 174 shares in the last quarter. Hoese & Co LLP bought a new stake in shares of Walmart in the 3rd quarter valued at $33,000. Finally, Livelsberger Financial Advisory bought a new position in Walmart during the third quarter worth about $36,000. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 0.6 %

The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The stock has a market capitalization of $758.59 billion, a price-to-earnings ratio of 38.70, a PEG ratio of 4.51 and a beta of 0.54. The business has a 50 day simple moving average of $85.83 and a 200-day simple moving average of $76.74.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping the consensus estimate 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 net margin of 2.92% and a return on equity of 21.78%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company posted $0.51 EPS. As a group, equities analysts expect that Walmart Inc. will post 2.47 earnings per share for the current year.

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.