Guggenheim Raises Walmart (NYSE:WMT) Price Target to $90.00

by · The Cerbat Gem

Walmart (NYSE:WMT – Get Free Report) had its target price raised by equities research analysts at Guggenheim from $81.00 to $90.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the retailer’s stock. Guggenheim’s price target would indicate a potential upside of 8.58% from the company’s previous close.

Other research analysts have also issued research reports about the company. Telsey Advisory Group lifted their target price on Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. BMO Capital Markets reissued an “outperform” rating and set a $80.00 target price on shares of Walmart in a report on Friday, August 16th. Jefferies Financial Group lifted their price target on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Tigress Financial raised their target price on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, Bank of America increased their price target on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $83.83.

View Our Latest Stock Analysis on WMT

Walmart Stock Up 0.5 %

Shares of WMT stock traded up $0.38 during mid-day trading on Monday, reaching $82.89. 2,711,866 shares of the company were exchanged, compared to its average volume of 16,920,465. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The business’s 50 day simple moving average is $79.09 and its 200 day simple moving average is $70.47. The company has a market capitalization of $666.29 billion, a P/E ratio of 43.05, a P/E/G ratio of 4.13 and a beta of 0.51. Walmart has a fifty-two week low of $49.85 and a fifty-two week high of $83.34.

Walmart (NYSE:WMT – Get Free Report) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion during the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the previous year, the firm earned $0.61 EPS. The company’s revenue was up 4.7% on a year-over-year basis. Research analysts predict that Walmart will post 2.44 earnings per share for the current year.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $69.19, for a total transaction of $207,570.00. Following the sale, the executive vice president now owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the transaction, the executive vice president now owns 387,165 shares of the company’s stock, valued at $26,787,946.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 2,709,163 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,784,857 over the last three months. Company insiders own 45.58% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Burns J W & Co. Inc. NY lifted its position in Walmart by 173.5% during the 1st quarter. Burns J W & Co. Inc. NY now owns 4,791 shares of the retailer’s stock worth $288,000 after buying an additional 3,039 shares in the last quarter. Saratoga Research & Investment Management boosted its position in shares of Walmart by 186.8% during the first quarter. Saratoga Research & Investment Management now owns 784,747 shares of the retailer’s stock worth $47,218,000 after purchasing an additional 511,086 shares in the last quarter. Grimes & Company Inc. raised its stake in Walmart by 197.1% during the 1st quarter. Grimes & Company Inc. now owns 13,632 shares of the retailer’s stock worth $820,000 after buying an additional 9,043 shares during the period. First Bank & Trust increased its position in shares of Walmart by 200.0% during the first quarter. First Bank & Trust now owns 9,036 shares of the retailer’s stock worth $544,000 after acquiring an additional 6,024 shares in the last quarter. Finally, Meritas Wealth Management LLC raised its position in Walmart by 225.5% in the 1st quarter. Meritas Wealth Management LLC now owns 7,526 shares of the retailer’s stock valued at $453,000 after buying an additional 5,214 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Company Profile

(Get Free Report)

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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