Walmart (NYSE:WMT) Price Target Increased to $71.00 by Analysts at Roth Mkm

Walmart (NYSE:WMTFree Report) had its price objective hoisted by Roth Mkm from $69.00 to $71.00 in a research note released on Friday, Benzinga reports. Roth Mkm currently has a buy rating on the retailer’s stock.

Several other brokerages also recently commented on WMT. Stifel Europe lifted their target price on shares of Walmart from $56.33 to $58.33 in a report on Friday, February 16th. JPMorgan Chase & Co. lifted their target price on shares of Walmart from $54.33 to $58.67 and gave the stock a neutral rating in a report on Monday, February 19th. Stifel Nicolaus reiterated a hold rating on shares of Walmart in a report on Wednesday, March 13th. UBS Group raised their price target on shares of Walmart from $63.00 to $69.00 and gave the stock a buy rating in a research report on Tuesday, May 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Walmart from $62.00 to $63.33 and gave the stock a buy rating in a research report on Friday, February 16th. Four research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $68.01.

Check Out Our Latest Stock Report on Walmart

Walmart Stock Down 0.7 %

Walmart stock opened at $64.21 on Friday. The company has a market capitalization of $517.41 billion, a P/E ratio of 27.44, a P/E/G ratio of 4.16 and a beta of 0.49. The firm’s fifty day simple moving average is $60.41 and its 200-day simple moving average is $56.58. 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 has a 1-year low of $48.34 and a 1-year high of $64.88.

Walmart (NYSE:WMTGet Free Report) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. Walmart’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. Sell-side analysts forecast that Walmart will post 2.39 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be paid a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Friday, December 13th. Walmart’s dividend payout ratio is presently 35.47%.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $57.93, for a total value of $1,687,250.40. Following the completion of the transaction, the chief executive officer now directly owns 4,076,892 shares of the company’s stock, valued at $236,187,943.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director S Robson Walton sold 14,685,327 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $58.61, for a total transaction of $860,755,966.56. Following the completion of the sale, the director now directly owns 656,397,261 shares of the company’s stock, valued at $38,473,631,458.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $57.93, for a total transaction of $1,687,250.40. Following the sale, the chief executive officer now directly owns 4,076,892 shares of the company’s stock, valued at $236,187,943.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 29,019,140 shares of company stock valued at $1,696,045,631. Insiders own 46.51% of the company’s stock.

Institutional Investors Weigh In On Walmart

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Walmart by 181.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares during the period. Bank of New York Mellon Corp grew its holdings in Walmart by 183.0% during the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after purchasing an additional 18,865,484 shares during the period. Morgan Stanley grew its holdings in Walmart by 1.8% during the third quarter. Morgan Stanley now owns 24,087,268 shares of the retailer’s stock valued at $3,852,277,000 after purchasing an additional 426,388 shares during the period. Finally, Norges Bank acquired a new position in Walmart during the fourth quarter valued at approximately $3,674,652,000. 26.76% of the stock is owned by institutional investors.

About Walmart

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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.

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Analyst Recommendations for Walmart (NYSE:WMT)

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