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

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

WMT has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft raised their price target on Walmart from $62.00 to $63.33 and gave the company a buy rating in a research report on Friday, February 16th. Telsey Advisory Group reissued an outperform rating and set a $68.00 price target on shares of Walmart in a research report on Friday, May 10th. Stifel Europe lifted their target price on shares of Walmart from $56.33 to $58.33 in a research note on Friday, February 16th. Stifel Nicolaus restated a hold rating on shares of Walmart in a research report on Wednesday, March 13th. Finally, UBS Group raised 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. Four equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $67.59.

Walmart Stock Performance

Shares of NYSE:WMT traded up $0.64 during midday trading on Friday, reaching $64.65. 29,330,381 shares of the company traded hands, compared to its average volume of 17,575,826. The firm’s fifty day moving average price is $60.34 and its two-hundred day moving average price is $56.49. The firm has a market capitalization of $520.95 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 4.16 and a beta of 0.49. The company has a quick ratio of 0.24, a current ratio of 0.80 and a debt-to-equity ratio of 0.48. Walmart has a 12 month low of $48.34 and a 12 month high of $64.88.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.08. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm had revenue of $161.50 billion for the quarter, compared to analysts’ expectations of $159.57 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts expect that Walmart will post 2.37 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.2075 per share. This represents a $0.83 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, December 13th. Walmart’s dividend payout ratio is presently 35.52%.

Insider Transactions at Walmart

In related news, Director S Robson Walton sold 5,816,175 shares of Walmart stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $57.95, for a total transaction of $337,066,728.50. Following the transaction, the director now owns 677,052,654 shares in the company, valued at approximately $39,237,458,141.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder Jim C. Walton sold 2,000 shares of Walmart stock in a transaction on Monday, February 26th. The shares were sold at an average price of $58.78, for a total transaction of $117,560.00. Following the transaction, the insider now owns 656,395,261 shares in the company, valued at approximately $38,582,913,441.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director S Robson Walton sold 5,816,175 shares of Walmart stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $57.95, for a total transaction of $337,066,728.50. Following the transaction, the director now owns 677,052,654 shares in the company, valued at approximately $39,237,458,141.48. The disclosure for this sale can be found here. Insiders have sold 29,019,140 shares of company stock worth $1,696,045,631 in the last 90 days. 46.51% of the stock is currently owned by insiders.

Institutional Trading of Walmart

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Seven Mile Advisory increased its holdings in Walmart by 1.6% in the 3rd quarter. Seven Mile Advisory now owns 3,953 shares of the retailer’s stock valued at $632,000 after acquiring an additional 61 shares during the last quarter. Flynn Zito Capital Management LLC increased its holdings in Walmart by 3.9% in the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after acquiring an additional 61 shares during the last quarter. ICW Investment Advisors LLC increased its holdings in Walmart by 0.4% in the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after acquiring an additional 62 shares during the last quarter. Bill Few Associates Inc. increased its holdings in Walmart by 1.1% in the 4th quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after acquiring an additional 64 shares during the last quarter. Finally, Gateway Advisory LLC increased its holdings in shares of Walmart by 4.1% in the 3rd quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock worth $263,000 after buying an additional 65 shares during the last quarter. 26.76% of the stock is currently owned by 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.