Walmart (NYSE:WMT) Given New $107.00 Price Target at Royal Bank of Canada

Walmart (NYSE:WMT) had its price objective decreased by investment analysts at Royal Bank of Canada from $109.00 to $107.00 in a report released on Friday,Benzinga reports. The firm currently has an “outperform” rating on the retailer’s stock. Royal Bank of Canada’s price target indicates a potential upside of 13.56% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Sanford C. Bernstein boosted their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. KeyCorp boosted their price objective on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday. Piper Sandler boosted their price objective on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday. DZ Bank downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a research report on Thursday, November 21st. Finally, Evercore ISI boosted their price objective on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $102.43.

Walmart Stock Performance

WMT stock traded down $2.98 during mid-day trading on Friday, hitting $94.23. 20,873,679 shares of the company were exchanged, compared to its average volume of 16,464,354. The business has a 50 day simple moving average of $95.62 and a 200-day simple moving average of $86.25. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $756.96 billion, a PE ratio of 38.66, a price-to-earnings-growth ratio of 4.40 and a beta of 0.55. Walmart has a 1-year low of $57.77 and a 1-year high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. On average, equities analysts forecast that Walmart will post 2.48 earnings per share for the current year.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the transaction, the executive vice president now owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 38,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the transaction, the executive vice president now directly owns 257,281 shares in the company, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 176,777 shares of company stock worth $16,570,112. 45.58% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Walmart

Several institutional investors and hedge funds have recently made changes to their positions in WMT. Whelan Financial grew its holdings in Walmart by 2.3% in the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock worth $392,000 after acquiring an additional 97 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Walmart by 1.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock worth $538,000 after acquiring an additional 98 shares during the last quarter. Coyle Financial Counsel LLC grew its holdings in Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after acquiring an additional 102 shares during the last quarter. SC&H Financial Advisors Inc. grew its holdings in Walmart by 1.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after acquiring an additional 103 shares during the last quarter. Finally, Blackston Financial Advisory Group LLC grew its holdings in Walmart by 0.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock worth $1,417,000 after acquiring an additional 106 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

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.