Walmart (NYSE:WMT) Price Target Raised to $90.00 at Guggenheim

Walmart (NYSE:WMT) had its target price upped by Guggenheim from $81.00 to $90.00 in a report issued on Monday morning, Benzinga reports. They currently have a buy rating on the retailer’s stock.

Several other equities analysts have also issued reports on the stock. DA Davidson lifted their price objective on shares of Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. TD Cowen upped their price objective on Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Wells Fargo & Company boosted their target price on shares of Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Finally, Citigroup raised their price target on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. One analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart presently has an average rating of “Buy” and a consensus target price of $83.89.

Walmart Stock Up 0.7 %

Shares of NYSE:WMT opened at $81.96 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $79.67 and its 200 day moving average is $70.94. The stock has a market cap of $658.82 billion, a P/E ratio of 42.69, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51. Walmart has a 52-week low of $49.85 and a 52-week high of $83.34.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion for the quarter, compared to analyst estimates of $168.56 billion. During the same quarter last year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. Sell-side analysts predict that Walmart will post 2.44 EPS for the current year.

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares of the company’s stock, valued at approximately $48,781,873,820.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $82.79, for a total value of $2,411,175.96. Following the completion of the sale, the chief executive officer now directly owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,334,337 shares of company stock valued at $958,577,287. Corporate insiders own 45.58% of the company’s stock.

Institutional Trading of Walmart

Several institutional investors have recently modified their holdings of WMT. Liberty Wealth Management LLC purchased a new stake in Walmart during the 1st quarter worth approximately $270,000. Commerce Bank increased its position in shares of Walmart by 189.4% during the first quarter. Commerce Bank now owns 917,625 shares of the retailer’s stock worth $55,213,000 after purchasing an additional 600,521 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Walmart by 290.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 270,065 shares of the retailer’s stock valued at $16,250,000 after purchasing an additional 200,947 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Walmart by 189.4% in the 1st quarter. Private Advisor Group LLC now owns 643,848 shares of the retailer’s stock valued at $38,740,000 after purchasing an additional 421,366 shares in the last quarter. Finally, Sustainable Insight Capital Management LLC acquired a new stake in Walmart during the 1st quarter worth $723,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

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.