JPMorgan Chase & Co. Issues Positive Forecast for Walmart (NYSE:WMT) Stock Price

Walmart (NYSE:WMT) had its price target hoisted by research analysts at JPMorgan Chase & Co. from $128.00 to $129.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the retailer’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 21.82% from the company’s previous close.

Several other research analysts also recently commented on WMT. UBS Group reaffirmed a “buy” rating on shares of Walmart in a report on Friday, November 14th. DA Davidson set a $130.00 price target on Walmart and gave the stock a “buy” rating in a report on Friday. KeyCorp reiterated an “overweight” rating and issued a $120.00 price target (up from $110.00) on shares of Walmart in a research report on Friday. Guggenheim reiterated a “buy” rating and set a $120.00 price objective (up from $115.00) on shares of Walmart in a research note on Friday. Finally, BTIG Research reissued a “buy” rating and set a $125.00 price objective (up previously from $120.00) on shares of Walmart in a report on Friday. Thirty-one equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.55.

Walmart Stock Performance

Shares of WMT stock traded down $1.21 on Friday, hitting $105.90. 28,123,317 shares of the stock were exchanged, compared to its average volume of 18,399,031. The firm’s 50 day moving average is $103.49 and its two-hundred day moving average is $99.85. Walmart has a one year low of $79.81 and a one year high of $109.57. The firm has a market capitalization of $844.29 billion, a PE ratio of 39.80, a P/E/G ratio of 4.83 and a beta of 0.67. The company has a current ratio of 0.79, a quick ratio of 0.23 and a debt-to-equity ratio of 0.43.

Walmart (NYSE:WMT) last released 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. The business had revenue of $179.50 billion for the quarter, compared to the consensus estimate of $175.15 billion. Walmart had a net margin of 3.08% and a return on equity of 21.45%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 earnings per share. Walmart has set its FY 2026 guidance at 2.580-2.630 EPS. Sell-side analysts expect that Walmart will post 2.55 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $107.18, for a total value of $2,081,006.88. Following the sale, the chief executive officer directly owned 4,354,162 shares of the company’s stock, valued at $466,679,083.16. This trade represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $107.78, for a total transaction of $1,414,612.50. Following the sale, the executive vice president owned 892,940 shares of the company’s stock, valued at approximately $96,241,073.20. The trade was a 1.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 133,888 shares of company stock worth $13,835,383. 0.10% of the stock is owned by insiders.

Institutional Trading of Walmart

Several institutional investors and hedge funds have recently made changes to their positions in WMT. Collier Financial purchased a new stake in Walmart during the third quarter valued at about $25,000. Access Investment Management LLC purchased a new position in shares of Walmart in the 2nd quarter worth about $26,000. Operose Advisors LLC increased its position in shares of Walmart by 319.7% during the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock valued at $28,000 after purchasing an additional 243 shares during the last quarter. Your Advocates Ltd. LLP purchased a new position in shares of Walmart during the 3rd quarter valued at about $28,000. Finally, Redmont Wealth Advisors LLC purchased a new position in shares of Walmart during the 3rd quarter valued at about $30,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

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.