Walmart (NASDAQ:WMT) Price Target Raised to $145.00

Walmart (NASDAQ:WMT) had its price objective hoisted by equities researchers at BTIG Research from $140.00 to $145.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the retailer’s stock. BTIG Research’s price target points to a potential upside of 10.86% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. Royal Bank Of Canada set a $145.00 price objective on shares of Walmart in a research note on Friday, February 20th. KeyCorp reiterated an “overweight” rating and issued a $145.00 price objective (up from $128.00) on shares of Walmart in a research note on Friday, February 13th. Oppenheimer reiterated an “outperform” rating and issued a $140.00 price objective (up from $125.00) on shares of Walmart in a research note on Monday, February 9th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $134.00 price objective (up from $129.00) on shares of Walmart in a research note on Friday, February 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Walmart in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $137.94.

Walmart Stock Performance

Shares of NASDAQ WMT opened at $130.79 on Wednesday. The firm’s 50-day moving average price is $125.76 and its 200-day moving average price is $117.90. Walmart has a 52-week low of $91.89 and a 52-week high of $134.69. The company has a quick ratio of 0.24, a current ratio of 0.79 and a debt-to-equity ratio of 0.38. The company has a market cap of $1.04 trillion, a PE ratio of 47.73, a PEG ratio of 4.85 and a beta of 0.65.

Walmart (NASDAQ:WMT) last issued its quarterly earnings data on Thursday, February 19th. The retailer reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.01. Walmart had a net margin of 3.07% and a return on equity of 21.44%. The firm had revenue of $190.66 billion for the quarter, compared to analysts’ expectations of $188.37 billion. During the same quarter in the prior year, the business earned $0.66 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. Walmart has set its FY 2027 guidance at 2.750-2.850 EPS and its Q1 2027 guidance at 0.610-0.610 EPS. As a group, analysts anticipate that Walmart will post 2.89 EPS for the current year.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,335 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $124.63, for a total transaction of $166,381.05. Following the sale, the executive vice president owned 636,843 shares in the company, valued at approximately $79,369,743.09. This trade represents a 0.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $132.21, for a total transaction of $2,566,989.36. Following the sale, the director owned 4,193,995 shares in the company, valued at approximately $554,488,078.95. The trade was a 0.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 167,195 shares of company stock worth $20,975,804 in the last 90 days. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Walmart

Several institutional investors and hedge funds have recently modified their holdings of WMT. Brighton Jones LLC raised its position in shares of Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock valued at $8,868,000 after buying an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock valued at $800,000 after buying an additional 485 shares during the last quarter. Peterson Wealth Management raised its position in shares of Walmart by 3.5% during the first quarter. Peterson Wealth Management now owns 50,307 shares of the retailer’s stock valued at $4,416,000 after buying an additional 1,715 shares during the last quarter. Sivia Capital Partners LLC raised its position in shares of Walmart by 0.9% during the second quarter. Sivia Capital Partners LLC now owns 13,008 shares of the retailer’s stock valued at $1,272,000 after buying an additional 116 shares during the last quarter. Finally, Schnieders Capital Management LLC. raised its position in shares of Walmart by 1.2% during the second quarter. Schnieders Capital Management LLC. now owns 91,341 shares of the retailer’s stock valued at $8,931,000 after buying an additional 1,048 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

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.