Walmart (NASDAQ:WMT) Given New $135.00 Price Target at Wells Fargo & Company

Walmart (NASDAQ:WMT) had its price objective hoisted by equities research analysts at Wells Fargo & Company from $120.00 to $135.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the retailer’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 5.65% from the company’s current price.

WMT has been the subject of several other research reports. BTIG Research restated a “buy” rating and set a $140.00 price objective on shares of Walmart in a report on Thursday. Royal Bank Of Canada cut their target price on Walmart from $137.00 to $131.00 and set an “outperform” rating on the stock in a report on Friday, August 21st. JPMorgan Chase & Co. increased their target price on Walmart from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Monday. Argus reduced their price target on shares of Walmart from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, August 21st. Finally, Roth Capital restated a “buy” rating and set a $138.00 price target (up from $108.00) on shares of Walmart in a research note on Friday, August 21st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $131.90.

Walmart Stock Up 1.3%

Shares of WMT traded up $1.59 during trading hours on Friday, hitting $127.78. The stock had a trading volume of 4,516,705 shares, compared to its average volume of 24,751,146. Walmart has a 1-year low of $98.88 and a 1-year high of $135.15. The firm has a market capitalization of $1.01 trillion, a P/E ratio of 46.15, a price-to-earnings-growth ratio of 4.54 and a beta of 0.53. The firm has a 50 day simple moving average of $114.14 and a 200-day simple moving average of $118.74. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.23.

Walmart (NASDAQ:WMT) last posted its quarterly earnings results on Thursday, August 20th. The retailer reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. Walmart had a return on equity of 21.83% and a net margin of 3.00%. The business had revenue of $187.94 billion for the quarter, compared to the consensus estimate of $186.64 billion. During the same period in the prior year, the business earned $0.68 EPS. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. Sell-side analysts predict that Walmart will post 2.88 EPS for the current fiscal year.

Insider Buying and Selling at Walmart

In related news, CEO John Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $120.60, for a total transaction of $1,582,875.00. Following the completion of the sale, the chief executive officer owned 634,790 shares in the company, valued at approximately $76,555,674. This represents a 2.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Daniel Bartlett sold 3,346 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $124.51, for a total value of $416,610.46. Following the completion of the sale, the executive vice president directly owned 615,013 shares of the company’s stock, valued at $76,575,268.63. The trade was a 0.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 268,222 shares of company stock valued at $31,604,051 in the last three months. Insiders own 0.09% of the company’s stock.

Institutional Trading of Walmart

Several institutional investors and hedge funds have recently made changes to their positions in WMT. Bouchey Financial Group Ltd. grew its stake in Walmart by 16.6% in the 3rd quarter. Bouchey Financial Group Ltd. now owns 5,284 shares of the retailer’s stock valued at $549,000 after purchasing an additional 753 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of Walmart by 8.0% during the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 2,700 shares of the retailer’s stock worth $281,000 after purchasing an additional 200 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Walmart by 1.5% during the 3rd quarter. Gamco Investors INC. ET AL now owns 73,793 shares of the retailer’s stock worth $7,669,000 after purchasing an additional 1,058 shares during the period. AlphaGrep UK Ltd boosted its holdings in shares of Walmart by 39.3% in the 3rd quarter. AlphaGrep UK Ltd now owns 4,410 shares of the retailer’s stock worth $458,000 after buying an additional 1,244 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Walmart by 0.9% in the 3rd quarter. Benjamin Edwards Inc. now owns 594,927 shares of the retailer’s stock worth $61,826,000 after buying an additional 5,111 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Trending Headlines about Walmart

Investors following WMT have been watching these headlines:

• Positive Sentiment: Bank of America reiterated its Buy rating and raised its price target to $139 from $126, citing potential market-share gains and stronger earnings growth, including from Walmart’s AI and advertising businesses. BTIG also reaffirmed its Buy rating, with a $140 target. Bank of America raises Walmart price target
• Positive Sentiment: ETF purchases provide a demand signal: 34 funds reportedly added about $112.9 million of WMT shares on Nov. 10. ETFs add Walmart shares
• Neutral Sentiment: The Nov. 19 earnings report may help clarify whether business performance can support the stock’s valuation; previews flag valuation as an issue investors will be watching. Walmart earnings preview and valuation

About Walmart

Walmart is a multinational retailer that operates discount stores, supercenters, neighborhood markets, and membership warehouse clubs. Its business includes Walmart U.S., Walmart International, and Sam’s Club. The company sells groceries and a broad range of general merchandise, including apparel, electronics, household goods, and health and wellness products. Walmart also serves customers through e-commerce, with services such as order pickup and delivery. Founded by Sam Walton in 1962, Walmart is headquartered in Bentonville, Arkansas.