Walmart (NYSE:WMT) Given New $88.00 Price Target at KeyCorp

Walmart (NYSE:WMT) had its price target raised by equities research analysts at KeyCorp from $87.00 to $88.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the retailer’s stock. KeyCorp’s price target would suggest a potential upside of 3.69% from the company’s current price. KeyCorp also issued estimates for Walmart’s Q3 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.64 EPS and FY2026 earnings at $2.70 EPS.

WMT has been the subject of a number of other reports. The Goldman Sachs Group boosted their price target on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Sanford C. Bernstein started coverage on Walmart in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 price objective for the company. Wells Fargo & Company boosted their price objective on Walmart from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Royal Bank of Canada boosted their price objective on Walmart from $74.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Finally, Morgan Stanley boosted their price objective on Walmart from $75.00 to $82.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. One investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $83.92.

Walmart Trading Up 1.2 %

Walmart stock opened at $84.87 on Thursday. The business has a 50-day simple moving average of $80.53 and a two-hundred day simple moving average of $71.92. The company has a market cap of $682.21 billion, a P/E ratio of 44.13, a P/E/G ratio of 4.18 and a beta of 0.51. Walmart has a 52-week low of $49.85 and a 52-week high of $85.54. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

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

Insider Activity at Walmart

In related news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the sale, the chief executive officer now owns 3,873,053 shares in the company, valued at approximately $312,322,993.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock worth $958,823,647. Company insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

Hedge funds have recently bought and sold shares of the business. Peterson Financial Group Inc. bought a new position in Walmart in the 3rd quarter valued at $26,000. Voisard Asset Management Group Inc. grew its position in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares in the last quarter. Hoese & Co LLP bought a new position in shares of Walmart during the 3rd quarter worth $33,000. EntryPoint Capital LLC bought a new position in shares of Walmart during the 1st quarter worth $25,000. Finally, TruNorth Capital Management LLC grew its position in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares in the last quarter. Institutional investors 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.