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

Walmart Inc. (NYSE:WMT)’s share price rose 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. Approximately 2,534,241 shares changed hands during trading, a decline of 85% from the average daily volume of 16,858,213 shares. The stock had previously closed at $93.88.

Other research analysts have also issued research reports about the company. DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a research report on Thursday, November 21st. Evercore ISI increased their target price on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Roth Mkm increased their price objective on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Finally, KeyCorp lifted their target price on Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday. Two investment 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 company’s stock. Based on data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $93.33.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the transaction, the executive vice president now directly owns 459,558 shares of the company’s stock, valued at $37,113,904.08. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David Chojnowski sold 5,600 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares of the company’s stock, valued at $7,993,095.80. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,309,091 shares of company stock worth $183,375,539. 45.58% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Walmart

Hedge funds have recently bought and sold shares of the stock. Peterson Financial Group Inc. purchased a new stake in Walmart in the 3rd quarter valued at about $26,000. Cultivar Capital Inc. acquired a new stake in Walmart in the second quarter valued at $29,000. Voisard Asset Management Group Inc. lifted its position 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. Hoese & Co LLP bought a new stake in Walmart during the 3rd quarter valued at $33,000. Finally, Livelsberger Financial Advisory acquired a new position in Walmart during the 3rd quarter valued at about $36,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

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

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the business posted $0.51 earnings per share. Walmart’s revenue was up 5.5% compared to the same quarter last year. As a group, research analysts predict that Walmart Inc. will post 2.47 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.