Walmart (NYSE:WMT) Price Target Raised to $87.00 at KeyCorp

Walmart (NYSE:WMT) had its target price boosted by KeyCorp from $86.00 to $87.00 in a research report sent to investors on Monday, Benzinga reports. The brokerage currently has an overweight rating on the retailer’s stock.

Other analysts have also issued research reports about the stock. Jefferies Financial Group increased their price objective on shares of Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. JPMorgan Chase & Co. lifted their price objective on Walmart from $81.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, August 16th. DA Davidson boosted their price objective on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. Oppenheimer raised their target price on Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Bank of America boosted their price target on Walmart from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $83.89.

Walmart Stock Up 0.7 %

Walmart stock opened at $81.96 on Monday. The business’s 50-day simple moving average is $79.67 and its two-hundred day simple moving average is $70.94. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The company has a market cap of $658.82 billion, a PE ratio of 42.69, a PEG ratio of 4.13 and a beta of 0.51. Walmart has a fifty-two week low of $49.85 and a fifty-two week high of $83.34.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. Equities analysts anticipate that Walmart will post 2.44 EPS for the current year.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the transaction, the executive vice president now directly owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the sale, the executive vice president now owns 593,040 shares of the company’s stock, valued at approximately $49,198,598.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder S Robson Walton sold 4,057,369 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,334,337 shares of company stock valued at $958,577,287 over the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Walmart

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Burns J W & Co. Inc. NY increased its holdings in shares of Walmart by 173.5% during the 1st quarter. Burns J W & Co. Inc. NY now owns 4,791 shares of the retailer’s stock worth $288,000 after buying an additional 3,039 shares during the last quarter. Saratoga Research & Investment Management grew its position in Walmart by 186.8% in the first quarter. Saratoga Research & Investment Management now owns 784,747 shares of the retailer’s stock worth $47,218,000 after acquiring an additional 511,086 shares during the period. Grimes & Company Inc. increased its stake in Walmart by 197.1% during the first quarter. Grimes & Company Inc. now owns 13,632 shares of the retailer’s stock worth $820,000 after acquiring an additional 9,043 shares during the last quarter. First Bank & Trust raised its position in Walmart by 200.0% in the first quarter. First Bank & Trust now owns 9,036 shares of the retailer’s stock valued at $544,000 after purchasing an additional 6,024 shares during the period. Finally, Meritas Wealth Management LLC lifted its stake in shares of Walmart by 225.5% in the 1st quarter. Meritas Wealth Management LLC now owns 7,526 shares of the retailer’s stock valued at $453,000 after purchasing an additional 5,214 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

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.