Walmart (NYSE:WMT) Given Outperform Rating at Royal Bank Of Canada

Walmart (NYSE:WMT)‘s stock had its “outperform” rating reiterated by Royal Bank Of Canada in a report issued on Friday,Benzinga reports. They presently have a $116.00 target price on the retailer’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 8.12% from the stock’s previous close.

Several other research analysts have also weighed in on WMT. JPMorgan Chase & Co. increased their target price on shares of Walmart from $127.00 to $128.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. BTIG Research restated a “buy” rating and set a $125.00 price target (up from $120.00) on shares of Walmart in a research note on Friday. UBS Group reiterated a “buy” rating on shares of Walmart in a report on Friday, November 14th. Tigress Financial lifted their target price on Walmart from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, September 3rd. Finally, BMO Capital Markets increased their price target on shares of Walmart from $110.00 to $125.00 and gave the stock an “outperform” rating in a research report on Friday. Thirty-one research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $117.52.

Walmart Price Performance

Walmart stock opened at $107.29 on Friday. The stock has a market capitalization of $855.39 billion, a P/E ratio of 40.46, a P/E/G ratio of 4.83 and a beta of 0.67. The company’s fifty day moving average price is $103.49 and its 200 day moving average price is $99.85. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.23 and a current ratio of 0.79. Walmart has a 1 year low of $79.81 and a 1 year high of $109.57.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, November 20th. The retailer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.60 by $0.02. Walmart had a return on equity of 21.45% and a net margin of 3.08%.The firm had revenue of $179.50 billion during the quarter, compared to the consensus estimate of $175.15 billion. During the same period in the prior year, the company earned $0.58 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. As a group, equities research analysts anticipate that Walmart will post 2.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $107.78, for a total value of $1,414,612.50. Following the completion of the transaction, the executive vice president owned 892,940 shares in the company, valued at $96,241,073.20. This trade represents a 1.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,630 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $102.58, for a total value of $167,205.40. Following the completion of the sale, the executive vice president owned 642,788 shares in the company, valued at $65,937,193.04. This represents a 0.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 133,888 shares of company stock valued at $13,835,383. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On Walmart

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Walmart by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 435,652,710 shares of the retailer’s stock valued at $44,898,368,000 after acquiring an additional 3,835,200 shares during the last quarter. State Street Corp grew its position in shares of Walmart by 1.2% in the third quarter. State Street Corp now owns 184,805,978 shares of the retailer’s stock valued at $19,046,104,000 after purchasing an additional 2,242,364 shares during the period. Kingstone Capital Partners Texas LLC increased its stake in Walmart by 397,264.9% in the second quarter. Kingstone Capital Partners Texas LLC now owns 104,514,912 shares of the retailer’s stock valued at $10,496,702,000 after purchasing an additional 104,488,610 shares during the last quarter. Geode Capital Management LLC increased its stake in Walmart by 0.3% in the second quarter. Geode Capital Management LLC now owns 94,557,532 shares of the retailer’s stock valued at $9,199,712,000 after purchasing an additional 263,718 shares during the last quarter. Finally, Norges Bank purchased a new position in Walmart during the second quarter worth about $5,367,770,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Company Profile

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.