Royal Bank Of Canada Reiterates Outperform Rating for Walmart (NYSE:WMT)

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

WMT has been the topic of several other reports. Sanford C. Bernstein reissued an “outperform” rating and issued a $122.00 target price on shares of Walmart in a report on Friday. Erste Group Bank upgraded Walmart from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. UBS Group reissued a “buy” rating on shares of Walmart in a report on Friday, November 14th. Oppenheimer upped their price target on Walmart from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Finally, Mizuho reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Walmart in a research report on Wednesday, August 13th. Thirty-one equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Walmart has an average rating of “Moderate Buy” and an average target price of $117.52.

Walmart Stock Performance

NYSE:WMT opened at $107.29 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.79 and a debt-to-equity ratio of 0.43. The firm’s fifty day simple moving average is $103.49 and its 200 day simple moving average is $99.85. The stock has a market cap of $855.39 billion, a P/E ratio of 40.46, a price-to-earnings-growth ratio of 4.83 and a beta of 0.67. Walmart has a twelve month low of $79.81 and a twelve month high of $109.57.

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

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $101.33, for a total transaction of $222,926.00. Following the completion of the sale, the executive vice president directly owned 621,718 shares in the company, valued at $62,998,684.94. This represents a 0.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $107.75, for a total transaction of $431,000.00. Following the completion of the transaction, the executive vice president owned 1,044,455 shares of the company’s stock, valued at $112,540,026.25. This represents a 0.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 133,888 shares of company stock valued at $13,835,383 over the last quarter. 0.10% of the stock is owned by insiders.

Institutional Trading of Walmart

A number of institutional investors have recently made changes to their positions in the business. Collier Financial purchased a new position in shares of Walmart in the 3rd quarter valued at approximately $25,000. Access Investment Management LLC acquired a new position in shares of Walmart in the 2nd quarter valued at $26,000. Operose Advisors LLC lifted its position in Walmart by 319.7% during the 1st quarter. Operose Advisors LLC now owns 319 shares of the retailer’s stock worth $28,000 after acquiring an additional 243 shares during the period. Your Advocates Ltd. LLP acquired a new position in Walmart in the 3rd quarter worth approximately $28,000. Finally, Redmont Wealth Advisors LLC purchased a new position in Walmart during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds 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.