Walmart (NYSE:WMT) Price Target Raised to $100.00

Walmart (NYSE:WMT) had its price target boosted by KeyCorp from $96.00 to $100.00 in a report issued on Wednesday morning, Marketbeat Ratings reports. KeyCorp currently has an overweight rating on the retailer’s stock.

A number of other research analysts have also recently weighed in on WMT. UBS Group raised their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group boosted their price target on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Bank of America upped their price objective on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Oppenheimer lifted their price objective on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Sanford C. Bernstein upped their target price on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.33.

Walmart Stock Performance

Shares of WMT stock opened at $94.26 on Wednesday. The stock has a fifty day moving average price of $85.83 and a 200 day moving average price of $76.74. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The stock has a market cap of $757.19 billion, a PE ratio of 38.63, a P/E/G ratio of 4.51 and a beta of 0.54. Walmart has a 1 year low of $50.51 and a 1 year high of $96.18.

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

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $92.47, for a total transaction of $277,410.00. Following the completion of the transaction, the executive vice president now directly owns 375,165 shares in the company, valued at approximately $34,691,507.55. The trade was a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the completion of the sale, the senior vice president now owns 87,404 shares in the company, valued at approximately $7,993,095.80. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,309,091 shares of company stock worth $183,375,539. 45.58% of the stock is owned by insiders.

Institutional Investors Weigh In On Walmart

Several institutional investors have recently bought and sold shares of the stock. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the third quarter valued at approximately $26,000. TruNorth Capital Management LLC increased 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 valued at $29,000 after purchasing an additional 249 shares during the period. Cultivar Capital Inc. bought a new stake in shares of Walmart in the 2nd quarter worth $29,000. Voisard Asset Management Group Inc. boosted its stake in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares in the last quarter. Finally, Hoese & Co LLP acquired a new position in Walmart during the third quarter worth about $33,000. 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.