KeyCorp Boosts Walmart (NYSE:WMT) Price Target to $86.00

Walmart (NYSE:WMT) had its price objective raised by KeyCorp from $82.00 to $86.00 in a report issued on Monday, Benzinga reports. The firm currently has an overweight rating on the retailer’s stock.

A number of other research analysts have also recently commented on WMT. Tigress Financial raised their target price on Walmart from $75.00 to $86.00 and gave the company a buy rating in a research note on Tuesday, July 23rd. Robert W. Baird lifted their target price on shares of Walmart from $82.00 to $90.00 and gave the company an outperform rating in a report on Monday, September 30th. Telsey Advisory Group upped their price target on Walmart from $82.00 to $92.00 and gave the stock an outperform rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of Walmart from $81.00 to $83.00 and gave the stock an overweight rating in a report on Friday, August 16th. 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. One research analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Buy and an average price target of $82.96.

Walmart Price Performance

Shares of NYSE:WMT opened at $80.33 on Monday. The stock has a market cap of $646.14 billion, a P/E ratio of 34.33, a P/E/G ratio of 3.99 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart has a 12 month low of $49.85 and a 12 month high of $81.60. The company has a 50 day moving average of $76.80 and a 200 day moving average of $69.07.

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

Insider Transactions at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the sale, the executive vice president now owns 606,165 shares of the company’s stock, valued at $49,123,611.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $70.61, for a total transaction of $2,056,445.64. Following the transaction, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at approximately $277,589,163.61. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total value of $1,063,650.00. Following the completion of the sale, the executive vice president now owns 606,165 shares of the company’s stock, valued at approximately $49,123,611.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,335,272 shares of company stock valued at $958,101,276. 45.58% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Walmart

Several institutional investors have recently made changes to their positions in the company. Scarborough Advisors LLC purchased a new position in shares of Walmart during the fourth quarter valued at $155,000. Park National Corp OH lifted its position in shares of Walmart by 222.4% in the 1st quarter. Park National Corp OH now owns 28,062 shares of the retailer’s stock worth $1,688,000 after purchasing an additional 19,359 shares during the period. Heartwood Wealth Advisors LLC boosted its stake in shares of Walmart by 167.5% during the first quarter. Heartwood Wealth Advisors LLC now owns 4,104 shares of the retailer’s stock valued at $247,000 after purchasing an additional 2,570 shares in the last quarter. Avondale Wealth Management increased its holdings in Walmart by 205.7% during the first quarter. Avondale Wealth Management now owns 10,700 shares of the retailer’s stock valued at $644,000 after buying an additional 7,200 shares during the period. Finally, Arden Trust Co raised its stake in Walmart by 200.0% in the first quarter. Arden Trust Co now owns 6,840 shares of the retailer’s stock worth $412,000 after buying an additional 4,560 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

About Walmart

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.