Walmart (NYSE:WMT) Price Target Raised to $86.00

Walmart (NYSE:WMT) had its price target increased 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.

Other equities analysts have also recently issued research reports about the stock. Bank of America boosted their price target on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. TD Cowen upped their target price on shares of Walmart from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Evercore ISI increased their target price on Walmart from $78.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Robert W. Baird lifted their price target on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Finally, The Goldman Sachs Group increased their price objective on Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Walmart has an average rating of “Buy” and a consensus price target of $82.96.

Walmart Stock Performance

NYSE:WMT opened at $81.22 on Monday. The business’s fifty day moving average is $77.37 and its 200 day moving average is $69.31. The firm has a market cap of $652.87 billion, a price-to-earnings ratio of 42.23, a PEG ratio of 4.02 and a beta of 0.51. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart has a 52-week low of $49.85 and a 52-week high of $81.82.

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

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.60, for a total value of $926,625.00. Following the completion of the transaction, the executive vice president now directly owns 632,415 shares of the company’s stock, valued at $44,648,499. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Walmart news, major shareholder S Robson Walton sold 4,057,369 shares of the firm’s 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 completion of the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at approximately $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.60, for a total transaction of $926,625.00. Following the completion of the sale, the executive vice president now directly owns 632,415 shares in the company, valued at $44,648,499. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,337,337 shares of company stock valued at $958,267,901. Corporate insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

Several hedge funds have recently bought and sold shares of WMT. Scarborough Advisors LLC bought a new stake in shares of Walmart in the 4th quarter worth approximately $155,000. Park National Corp OH boosted its holdings in Walmart by 222.4% in the first quarter. Park National Corp OH now owns 28,062 shares of the retailer’s stock worth $1,688,000 after acquiring an additional 19,359 shares in the last quarter. Heartwood Wealth Advisors LLC grew its stake in shares of Walmart by 167.5% in the first quarter. Heartwood Wealth Advisors LLC now owns 4,104 shares of the retailer’s stock worth $247,000 after acquiring an additional 2,570 shares during the last quarter. Avondale Wealth Management grew its stake in shares of Walmart by 205.7% in the first quarter. Avondale Wealth Management now owns 10,700 shares of the retailer’s stock worth $644,000 after acquiring an additional 7,200 shares during the last quarter. Finally, Arden Trust Co increased its holdings in shares of Walmart by 200.0% during the first quarter. Arden Trust Co now owns 6,840 shares of the retailer’s stock valued at $412,000 after acquiring an additional 4,560 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.