2 weeks Ago By ABMN Staff
Walmart ( NYSE:WMT – Free Report ) had its target price lifted by Truist Financial from $89.00 to $98.00 in a research report sent to investors on Wednesday, Benzinga reports.
Truist Financial currently has a buy rating on the retailer’s stock. WMT has been the subject of several other research reports. Oppenheimer raised their target price on Walmart from $81.
00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Guggenheim increased their price target on Walmart from $90.
00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday. UBS Group increased their price target on Walmart from $92.
00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research report on Monday, September 23rd.
Finally, Piper Sandler increased their price target on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a research report on Monday, November 18th.
Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $91.88.
Get Our Latest Stock Report on WMT Walmart Price Performance Walmart ( NYSE:WMT – Get Free Report ) last announced 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 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 analysts’ expectations of $167.69 billion. During the same quarter last year, the business posted $0.
51 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis.
On average, research analysts expect that Walmart will post 2.47 EPS for the current year. Insider Activity at Walmart In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’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 transaction, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. This trade represents a 0.
75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link . Also, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s stock in a transaction that occurred on Monday, September 9th.
The shares were sold at an average price of $77.20, for a total value of $313,228,886.80.
Following the completion of the transaction, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The trade was a 0.
66 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last ninety days, insiders have sold 12,337,337 shares of company stock valued at $958,823,647.
Corporate insiders own 45.58% of the company’s stock. Institutional Trading of Walmart A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WMT.
WFA Asset Management Corp grew its holdings in Walmart by 201.0% in the 1st quarter. WFA Asset Management Corp now owns 2,092 shares of the retailer’s stock valued at $126,000 after buying an additional 1,397 shares during the last quarter.
Dupont Capital Management Corp grew its holdings in Walmart by 165.4% in the 1st quarter. Dupont Capital Management Corp now owns 270,147 shares of the retailer’s stock valued at $16,255,000 after buying an additional 168,346 shares during the last quarter.
Tiemann Investment Advisors LLC grew its holdings in shares of Walmart by 186.8% during the 1st quarter. Tiemann Investment Advisors LLC now owns 12,218 shares of the retailer’s stock worth $735,000 after purchasing an additional 7,958 shares in the last quarter.
InterOcean Capital Group LLC grew its holdings in shares of Walmart by 211.0% during the 1st quarter. InterOcean Capital Group LLC now owns 1,710,257 shares of the retailer’s stock worth $102,906,000 after purchasing an additional 1,160,354 shares in the last quarter.
Finally, Natixis grew its holdings in shares of Walmart by 96.7% during the 1st quarter. Natixis now owns 921,820 shares of the retailer’s stock worth $55,466,000 after purchasing an additional 453,101 shares in the last quarter.
Institutional investors and hedge funds own 26.76% of the company’s stock. 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. See Also Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.
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