By otakuyassine3@gmail.com 
Investment analysts at Mizuho started coverage on shares of Walmart (NYSE:WMT – Get Free Report) in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $105.00 price target on the retailer’s stock. Mizuho’s price target indicates a potential upside of 13.14% from the stock’s current price.
A number of other equities research analysts also recently weighed in on the stock. Robert W. Baird raised their price target on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Stifel Nicolaus decreased their target price on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research note on Wednesday. Erste Group Bank downgraded shares of Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. The Goldman Sachs Group reissued a “buy” rating on shares of Walmart in a report on Wednesday, March 26th. Finally, Piper Sandler upped their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given 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 $103.58.
Get Our Latest Report on Walmart
Walmart Price Performance
WMT stock opened at $92.81 on Friday. The company’s 50-day moving average price is $92.43 and its two-hundred day moving average price is $89.88. Walmart has a 12 month low of $58.56 and a 12 month high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a market cap of $744.03 billion, a P/E ratio of 38.51, a P/E/G ratio of 4.42 and a beta of 0.69.
Walmart (NYSE:WMT – Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. On average, analysts anticipate that Walmart will post 2.55 earnings per share for the current fiscal year.
Insider Transactions at Walmart
In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the transaction, the executive vice president now owns 568,626 shares in the company, valued at approximately $52,859,472.96. This represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 178,852 shares of company stock valued at $16,785,080 in the last 90 days. 45.58% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. World Investment Advisors boosted its stake in Walmart by 7.6% during the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock valued at $24,532,000 after purchasing an additional 19,233 shares during the last quarter. Candriam S.C.A. boosted its position in shares of Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock valued at $79,960,000 after buying an additional 599,257 shares during the last quarter. Bank of New Hampshire grew its holdings in Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after buying an additional 5,786 shares in the last quarter. Modera Wealth Management LLC raised its position in Walmart by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock valued at $18,355,000 after buying an additional 9,292 shares during the last quarter. Finally, Iowa State Bank lifted its stake in Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after acquiring an additional 18,263 shares in the last quarter. 26.76% of the stock is 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.
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