Walmart (NYSE:WMT) Price Target Raised to $96.00

Walmart (NYSE:WMT) had its target price boosted by Evercore ISI from $94.00 to $96.00 in a research report released on Tuesday,Benzinga reports. Evercore ISI currently has an outperform rating on the retailer’s stock.

WMT has been the subject of a number of other reports. Redburn Atlantic raised Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Citigroup raised their price objective on shares of Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Morgan Stanley raised their price target on shares of Walmart from $89.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Finally, Melius Research began coverage on Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective on the stock. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $92.11.

Walmart Stock Up 0.9 %

Shares of NYSE WMT opened at $95.32 on Tuesday. The company has a market capitalization of $766.21 billion, a P/E ratio of 39.07, a P/E/G ratio of 4.44 and a beta of 0.54. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.23. The company has a 50 day simple moving average of $84.42 and a 200-day simple moving average of $75.71. Walmart has a 1 year low of $49.85 and a 1 year high of $95.60.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS. On average, equities research analysts predict that Walmart will post 2.47 earnings per share for the current year.

Insider Buying and Selling at Walmart

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This represents a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the sale, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. This trade represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,300,460 shares of company stock valued at $570,820,065. 45.58% of the stock is owned by company insiders.

Institutional Investors Weigh In On Walmart

Several institutional investors and hedge funds have recently made changes to their positions in the business. Shotwell Rutter Baer Inc acquired a new stake in Walmart during the 2nd quarter valued at $384,000. Wesbanco Bank Inc. increased its position in Walmart by 13.1% during the 2nd quarter. Wesbanco Bank Inc. now owns 313,726 shares of the retailer’s stock worth $21,242,000 after purchasing an additional 36,376 shares in the last quarter. Lwmg LLC raised its stake in Walmart by 5.8% in the 2nd quarter. Lwmg LLC now owns 7,476 shares of the retailer’s stock valued at $506,000 after purchasing an additional 411 shares during the last quarter. Worth Asset Management LLC lifted its holdings in Walmart by 57.3% in the 2nd quarter. Worth Asset Management LLC now owns 7,529 shares of the retailer’s stock valued at $510,000 after purchasing an additional 2,743 shares in the last quarter. Finally, Strategic Advisors LLC grew its holdings in shares of Walmart by 12.0% during the second quarter. Strategic Advisors LLC now owns 10,895 shares of the retailer’s stock worth $738,000 after buying an additional 1,167 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

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.