Brokerages Set Walmart Inc. (NASDAQ:WMT) PT at $138.85

Walmart Inc. (NASDAQ:WMT) has been given an average recommendation of “Moderate Buy” by the thirty-six ratings firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $138.8529.

A number of brokerages have recently commented on WMT. BMO Capital Markets reissued an “outperform” rating on shares of Walmart in a research report on Friday, May 22nd. BTIG Research reissued a “buy” rating and set a $145.00 price objective on shares of Walmart in a research report on Wednesday, June 3rd. Craig Hallum set a $150.00 price target on Walmart in a report on Friday, March 6th. DA Davidson set a $150.00 price target on Walmart and gave the company a “buy” rating in a report on Friday, February 20th. Finally, Erste Group Bank downgraded Walmart from a “buy” rating to a “hold” rating in a report on Friday, June 5th.

Insider Transactions at Walmart

In related news, EVP Christopher James Nicholas sold 2,900 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $123.92, for a total value of $359,368.00. Following the completion of the transaction, the executive vice president directly owned 577,853 shares of the company’s stock, valued at $71,607,543.76. This represents a 0.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP David W. Guggina sold 11,978 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $119.82, for a total value of $1,435,203.96. Following the completion of the transaction, the executive vice president directly owned 125,067 shares of the company’s stock, valued at $14,985,527.94. This trade represents a 8.74% 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 sold a total of 128,986 shares of company stock valued at $15,927,908 over the last three months. 0.09% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Walmart

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fox Run Management L.L.C. acquired a new position in Walmart during the 3rd quarter worth $1,709,000. Vise Technologies Inc. boosted its position in Walmart by 42.1% during the 4th quarter. Vise Technologies Inc. now owns 275,341 shares of the retailer’s stock worth $30,676,000 after acquiring an additional 81,635 shares during the period. Van ECK Associates Corp boosted its position in Walmart by 2.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,010,886 shares of the retailer’s stock worth $104,182,000 after acquiring an additional 28,026 shares during the period. Life Cycle Investment Partners Ltd acquired a new position in Walmart during the 4th quarter worth $40,855,000. Finally, Tennessee Valley Asset Management Partners boosted its position in Walmart by 466.6% during the 3rd quarter. Tennessee Valley Asset Management Partners now owns 13,343 shares of the retailer’s stock worth $1,375,000 after acquiring an additional 10,988 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Performance

Shares of Walmart stock opened at $121.04 on Friday. Walmart has a one year low of $93.62 and a one year high of $135.15. The company has a market cap of $963.25 billion, a PE ratio of 42.47, a P/E/G ratio of 4.52 and a beta of 0.59. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.77. The business has a 50-day simple moving average of $125.28 and a 200-day simple moving average of $121.66.

Walmart (NASDAQ:WMT) last announced its quarterly earnings data on Thursday, May 21st. The retailer reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. Walmart had a return on equity of 21.25% and a net margin of 3.13%.The business had revenue of $177.75 billion during the quarter, compared to the consensus estimate of $174.84 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q2 2027 guidance at 0.720-0.740 EPS. On average, equities research analysts forecast that Walmart will post 2.89 EPS for the current fiscal year.

About Walmart

Walmart is a multinational retail corporation that operates a broad portfolio of store formats and digital services. Its core business includes large-format supercenters, discount department stores, neighborhood grocery stores and a membership warehouse chain, Sam’s Club. The company’s merchandising mix covers groceries, household goods, apparel, electronics and pharmacy services, supplemented by private-label products and category-specific offerings. Walmart pairs its physical store network with online platforms and mobile applications to provide omnichannel shopping, fulfillment and delivery options for consumers and businesses.

The company was founded by Sam Walton, who opened the first store in Rogers, Arkansas in 1962; it is headquartered in Bentonville, Arkansas.