Walmart (NYSE:WMT) Given New $80.00 Price Target at Jefferies Financial Group

Walmart (NYSE:WMT) had its price objective hoisted by equities researchers at Jefferies Financial Group from $77.00 to $80.00 in a research report issued on Monday. The brokerage presently has a “buy” rating on the retailer’s stock. Jefferies Financial Group’s price objective suggests a potential upside of 9.10% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Telsey Advisory Group restated an “outperform” rating and issued a $75.00 target price on shares of Walmart in a research note on Friday, August 9th. Robert W. Baird lifted their price objective on Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Wells Fargo & Company lifted their price objective on Walmart from $70.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Tigress Financial raised their target price on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, UBS Group increased their price objective on Walmart from $63.00 to $69.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Three research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, Walmart has an average rating of “Moderate Buy” and an average price target of $73.09.

Walmart Price Performance

Shares of WMT stock traded up $4.67 during trading hours on Monday, reaching $73.33. The stock had a trading volume of 36,060,973 shares, compared to its average volume of 17,547,551. The stock’s fifty day simple moving average is $68.58 and its 200 day simple moving average is $63.12. The firm has a market capitalization of $589.83 billion, a PE ratio of 31.31, a PEG ratio of 3.91 and a beta of 0.50. Walmart has a 12 month low of $49.85 and a 12 month high of $74.44. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS. On average, equities research analysts predict that Walmart will post 2.43 EPS for the current year.

Insider Activity at Walmart

In related news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the transaction, the senior vice president now owns 94,415 shares in the company, valued at approximately $6,420,220. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP David Chojnowski sold 8,791 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $68.00, for a total transaction of $597,788.00. Following the completion of the transaction, the senior vice president now owns 94,415 shares in the company, valued at approximately $6,420,220. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the transaction, the executive vice president now owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. The disclosure for this sale can be found here. Insiders sold a total of 14,540,863 shares of company stock worth $954,455,147 in the last quarter. 45.58% of the stock is owned by company insiders.

Institutional Investors Weigh In On Walmart

Several hedge funds have recently made changes to their positions in WMT. Partnership Wealth Management LLC bought a new position in shares of Walmart in the 4th quarter worth $30,000. Able Wealth Management LLC bought a new position in shares of Walmart in the 4th quarter worth $30,000. Vermillion & White Wealth Management Group LLC bought a new position in shares of Walmart in the 4th quarter worth $32,000. Signature Resources Capital Management LLC bought a new position in shares of Walmart in the 4th quarter worth $35,000. Finally, Tidemark LLC bought a new position in shares of Walmart in the 4th quarter worth $37,000. 26.76% of the stock is currently owned by hedge funds and other 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.