Tigress Financial Forecasts Strong Price Appreciation for Walmart (NYSE:WMT) Stock

Walmart (NYSE:WMT) had its target price upped by Tigress Financial from $86.00 to $115.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the retailer’s stock.

A number of other equities analysts have also recently weighed in on WMT. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Truist Financial upped their target price on shares of Walmart from $89.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Robert W. Baird increased their target price on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. UBS Group lifted their price objective on Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, KeyCorp boosted their target price on shares of Walmart from $96.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $93.33.

Walmart Trading Up 0.4 %

NYSE WMT opened at $94.26 on Friday. Walmart has a 1 year low of $50.51 and a 1 year high of $96.18. 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 company has a market capitalization of $757.19 billion, a PE ratio of 38.68, a P/E/G ratio of 4.47 and a beta of 0.54. The company has a fifty day moving average of $86.10 and a 200 day moving average of $76.94.

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

Insider Activity at Walmart

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the transaction, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. This represents a 0.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,309,091 shares of company stock valued at $183,375,539 over the last 90 days. 45.58% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Walmart

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brophy Wealth Management LLC purchased a new stake in shares of Walmart in the 3rd quarter valued at about $2,072,000. Fisher Asset Management LLC boosted its holdings in shares of Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Walmart by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer’s stock valued at $2,522,369,000 after acquiring an additional 350,881 shares during the period. Oxbow Advisors LLC grew its position in Walmart by 45.0% during the 3rd quarter. Oxbow Advisors LLC now owns 28,453 shares of the retailer’s stock worth $2,298,000 after purchasing an additional 8,834 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of Walmart by 21.9% during the third quarter. Crossmark Global Holdings Inc. now owns 587,001 shares of the retailer’s stock worth $47,400,000 after buying an additional 105,430 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

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.