Walmart (NASDAQ:WMT) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Walmart (NASDAQ:WMT) had its target price increased by equities researchers at JPMorgan Chase & Co. from $125.00 to $145.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the retailer’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 15.27% from the stock’s previous close.

A number of other research firms have also recently commented on WMT. Argus lowered their price objective on shares of Walmart from $145.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, August 21st. BTIG Research reiterated a “buy” rating and set a $140.00 target price on shares of Walmart in a report on Thursday, September 10th. Freedom Broker raised Walmart from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. KeyCorp restated an “overweight” rating and issued a $135.00 price target (down from $145.00) on shares of Walmart in a report on Thursday, September 10th. Finally, Truist Financial set a $114.00 price target on Walmart and gave the stock a “buy” rating in a research report on Friday, August 21st. Three analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $130.13.

Walmart Trading Up 0.2%

Shares of Walmart stock traded up $0.27 during trading on Monday, hitting $125.79. 13,977,695 shares of the company were exchanged, compared to its average volume of 24,882,955. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.23. The firm has a market capitalization of $998.00 billion, a P/E ratio of 45.37, a price-to-earnings-growth ratio of 4.53 and a beta of 0.53. The firm’s fifty day moving average price is $112.48 and its 200 day moving average price is $118.59. Walmart has a 1-year low of $98.88 and a 1-year high of $135.15.

Walmart (NASDAQ:WMT) last announced its quarterly earnings results on Thursday, August 20th. The retailer reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. Walmart had a net margin of 3.00% and a return on equity of 21.83%. The business had revenue of $187.94 billion for the quarter, compared to the consensus estimate of $186.64 billion. During the same period last year, the company posted $0.68 EPS. Walmart’s revenue for the quarter was up 5.9% on a year-over-year basis. Walmart has set its Q3 2027 guidance at 0.620-0.640 EPS and its FY 2027 guidance at 2.800-2.870 EPS. As a group, sell-side analysts expect that Walmart will post 2.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 3,346 shares of the company’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $124.51, for a total transaction of $416,610.46. Following the completion of the transaction, the executive vice president directly owned 615,013 shares of the company’s stock, valued at $76,575,268.63. This represents a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Latriece Watkins sold 5,000 shares of Walmart stock in a transaction that occurred on Wednesday, October 14th. The shares were sold at an average price of $115.00, for a total value of $575,000.00. Following the completion of the sale, the executive vice president directly owned 110,432 shares in the company, valued at approximately $12,699,680. This represents a 4.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 268,222 shares of company stock worth $31,604,051 in the last ninety days. 0.09% of the stock is owned by insiders.

Institutional Trading of Walmart

A number of institutional investors have recently made changes to their positions in WMT. Bell & Brown Wealth Advisors LLC acquired a new stake in Walmart during the second quarter worth approximately $6,451,000. Advisortrust Partners LLC grew its position in shares of Walmart by 20.2% in the 1st quarter. Advisortrust Partners LLC now owns 67,142 shares of the retailer’s stock valued at $8,344,000 after buying an additional 11,283 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Walmart in the 2nd quarter valued at $7,455,131,000. HORAN Wealth LLC raised its stake in Walmart by 55.7% during the 1st quarter. HORAN Wealth LLC now owns 81,544 shares of the retailer’s stock worth $9,931,000 after acquiring an additional 29,184 shares in the last quarter. Finally, Park National Corp OH raised its stake in Walmart by 282.9% during the 3rd quarter. Park National Corp OH now owns 119,865 shares of the retailer’s stock worth $12,456,000 after acquiring an additional 88,562 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

About Walmart

Walmart is a multinational retailer that operates discount stores, supercenters, neighborhood markets, and membership warehouse clubs. Its business includes Walmart U.S., Walmart International, and Sam’s Club.

The company sells groceries and a broad range of general merchandise, including apparel, electronics, household goods, and health and wellness products. Walmart also serves customers through e-commerce, with services such as order pickup and delivery.

Founded by Sam Walton in 1962, Walmart is headquartered in Bentonville, Arkansas.