Walmart Inc. (NYSE:WMT – Get Free Report)’s stock price was up 1.1% on Wednesday after Oppenheimer raised their price target on the stock from $100.00 to $110.00. Oppenheimer currently has an outperform rating on the stock. Walmart traded as high as $102.14 and last traded at $101.88. Approximately 3,315,250 shares were traded during trading, a decline of 78% from the average daily volume of 14,794,761 shares. The stock had previously closed at $100.77.
Other equities analysts also recently issued reports about the stock. Bank of America boosted their price target on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Roth Mkm increased their price objective on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Piper Sandler raised their target price on Walmart from $83.00 to $93.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Tigress Financial upped their price target on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Jefferies Financial Group lifted their price objective on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $96.01.
Check Out Our Latest Stock Report on Walmart
Insiders Place Their Bets
Hedge Funds Weigh In On Walmart
Institutional investors and hedge funds have recently modified their holdings of the company. Brophy Wealth Management LLC purchased a new stake in Walmart in the 3rd quarter worth approximately $2,072,000. Bank of New Hampshire boosted its position in shares of Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after purchasing an additional 5,786 shares during the period. Iowa State Bank increased its stake in shares of Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after purchasing an additional 18,263 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Walmart during the 3rd quarter valued at $541,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.
Walmart Price Performance
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 stock has a 50 day simple moving average of $93.46 and a 200-day simple moving average of $83.69. The firm has a market cap of $820.70 billion, a PE ratio of 41.93, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55.
Walmart (NYSE:WMT – Get Free Report) last posted its earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period last year, the company posted $0.51 earnings per share. Walmart’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current fiscal 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.
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