Jefferies Financial Group Issues Positive Forecast for Walmart (NYSE:WMT) Stock Price

Walmart (NYSE:WMT) had its target price lifted by Jefferies Financial Group from $105.00 to $111.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a buy rating on the retailer’s stock.

Several other brokerages also recently weighed in on WMT. Guggenheim raised their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Sanford C. Bernstein boosted their price target on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Piper Sandler upped their price target on Walmart from $83.00 to $93.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Wells Fargo & Company lifted their price objective on Walmart from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, Robert W. Baird upped their target price on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Two 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $93.69.

Walmart Stock Up 0.6 %

Shares of NYSE:WMT opened at $95.42 on Tuesday. Walmart has a 12-month low of $51.04 and a 12-month high of $96.18. The stock has a market capitalization of $766.55 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 4.47 and a beta of 0.54. The stock has a fifty day simple moving average of $86.73 and a two-hundred day simple moving average of $77.53. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same quarter in the previous year, the firm earned $0.51 EPS. Walmart’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts anticipate that Walmart will post 2.47 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other Walmart news, major shareholder S Robson Walton sold 359,616 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $78.25, for a total transaction of $28,139,952.00. Following the completion of the sale, the insider now directly owns 603,989,702 shares of the company’s stock, valued at $47,262,194,181.50. This trade represents a 0.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 2,065 shares of Walmart stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $80.69, for a total transaction of $166,624.85. Following the sale, the executive vice president now owns 457,493 shares in the company, valued at approximately $36,915,110.17. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 503,028 shares of company stock valued at $40,368,211 over the last three months. Corporate insiders own 45.58% of the company’s stock.

Institutional Trading of Walmart

A number of institutional investors and hedge funds have recently bought and sold shares of WMT. Vicus Capital increased its stake in Walmart by 9.9% in the 2nd quarter. Vicus Capital now owns 8,631 shares of the retailer’s stock worth $584,000 after acquiring an additional 774 shares during the last quarter. Oak Family Advisors LLC increased its position in Walmart by 1.1% in the second quarter. Oak Family Advisors LLC now owns 114,045 shares of the retailer’s stock worth $7,722,000 after purchasing an additional 1,229 shares during the last quarter. Kiley Juergens Wealth Management LLC increased its position in Walmart by 51.3% in the second quarter. Kiley Juergens Wealth Management LLC now owns 23,183 shares of the retailer’s stock worth $1,570,000 after purchasing an additional 7,863 shares during the last quarter. GYL Financial Synergies LLC raised its stake in Walmart by 4.4% during the second quarter. GYL Financial Synergies LLC now owns 65,658 shares of the retailer’s stock valued at $4,446,000 after purchasing an additional 2,753 shares in the last quarter. Finally, Tevis Investment Management grew its stake in shares of Walmart by 0.9% in the 2nd quarter. Tevis Investment Management now owns 19,083 shares of the retailer’s stock worth $1,292,000 after buying an additional 165 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

About Walmart

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.