Brokerages Set Walmart Inc. (NYSE:WMT) PT at $170.20

Walmart Inc. (NYSE:WMT) has been assigned a consensus recommendation of “Buy” from the twenty-five ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and seventeen have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $167.96.

Several equities analysts have commented on the stock. Truist Financial assumed coverage on shares of Walmart in a research note on Thursday. They issued a “hold” rating and a $153.00 price target on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Walmart from $185.00 to $186.00 and gave the company a “buy” rating in a research note on Wednesday, November 10th. MKM Partners upgraded shares of Walmart from a “neutral” rating to a “buy” rating and increased their price target for the company from $156.00 to $166.00 in a research note on Friday, November 19th. Credit Suisse Group assumed coverage on shares of Walmart in a research note on Friday, November 19th. They issued an “outperform” rating and a $166.00 price target on the stock. Finally, Stifel Nicolaus decreased their price objective on Walmart from $160.00 to $155.00 and set a “hold” rating for the company in a report on Tuesday, November 16th.

In other news, CEO C Douglas Mcmillon sold 9,708 shares of the firm’s stock in a transaction on Thursday, October 28th. The stock was sold at an average price of $148.40, for a total value of $1,440,667.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Alice L. Walton sold 621,996 shares of the firm’s stock in a transaction on Tuesday, November 30th. The shares were sold at an average price of $141.03, for a total value of $87,720,095.88. The disclosure for this sale can be found here. Insiders sold 8,104,124 shares of company stock valued at $1,133,014,546 in the last quarter. 48.44% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Quest Capital Management Inc. ADV increased its position in Walmart by 0.7% during the 3rd quarter. Quest Capital Management Inc. ADV now owns 10,099 shares of the retailer’s stock worth $1,408,000 after purchasing an additional 67 shares in the last quarter. KWB Wealth increased its position in Walmart by 1.9% during the 3rd quarter. KWB Wealth now owns 3,722 shares of the retailer’s stock worth $519,000 after purchasing an additional 68 shares in the last quarter. Matisse Capital increased its position in Walmart by 2.1% during the 3rd quarter. Matisse Capital now owns 3,389 shares of the retailer’s stock worth $472,000 after purchasing an additional 69 shares in the last quarter. Private Portfolio Partners LLC increased its position in Walmart by 2.0% during the 2nd quarter. Private Portfolio Partners LLC now owns 3,577 shares of the retailer’s stock worth $504,000 after purchasing an additional 70 shares in the last quarter. Finally, Wimmer Associates 1 LLC boosted its stake in Walmart by 1.8% in the 2nd quarter. Wimmer Associates 1 LLC now owns 4,024 shares of the retailer’s stock worth $567,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 30.87% of the company’s stock.

WMT stock opened at $145.06 on Wednesday. The company’s 50 day moving average price is $142.95 and its 200 day moving average price is $143.83. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.29 and a current ratio of 0.95. Walmart has a fifty-two week low of $126.28 and a fifty-two week high of $152.57. The firm has a market capitalization of $402.38 billion, a price-to-earnings ratio of 50.72, a PEG ratio of 4.07 and a beta of 0.51.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 16th. The retailer reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.39 by $0.06. Walmart had a net margin of 1.40% and a return on equity of 20.30%. The firm had revenue of $140.50 billion for the quarter, compared to analyst estimates of $134.26 billion. During the same period in the prior year, the firm earned $1.34 earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities analysts forecast that Walmart will post 6.41 EPS for the current fiscal year.

Walmart Company Profile

Walmart, Inc engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.

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Analyst Recommendations for Walmart (NYSE:WMT)

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