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

Walmart (NYSE:WMT) had its price target increased by TD Cowen from $90.00 to $100.00 in a research report released on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the retailer’s stock.

WMT has been the subject of several other reports. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Oppenheimer lifted their price target on shares of Walmart from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Jefferies Financial Group increased their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Telsey Advisory Group lifted their target price on Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Evercore ISI upped their price target on Walmart from $66.00 to $89.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.88.

Walmart Trading Up 2.3 %

WMT opened at $90.44 on Wednesday. The firm has a market capitalization of $726.94 billion, a price-to-earnings ratio of 37.11, a price-to-earnings-growth ratio of 4.33 and a beta of 0.51. The company’s 50 day simple moving average is $82.12 and its two-hundred day simple moving average is $73.75. Walmart has a 1-year low of $49.85 and a 1-year high of $90.91. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.22.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for 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 firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 earnings per share. Analysts expect that Walmart will post 2.47 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Alice L. Walton sold 2,375,563 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $76.96, for a total transaction of $182,823,328.48. Following the completion of the sale, the insider now owns 619,646,544 shares in the company, valued at $47,687,998,026.24. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at $31,054,909.80. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,337,337 shares of company stock worth $958,823,647. Corporate insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Peterson Financial Group Inc. purchased a new stake in shares of Walmart in the 3rd quarter valued at about $26,000. Voisard Asset Management Group Inc. lifted its stake in Walmart by 77.3% in 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 during the last quarter. Hoese & Co LLP acquired a new stake in shares of Walmart in the third quarter valued at approximately $33,000. EntryPoint Capital LLC purchased a new position in shares of Walmart during the first quarter worth approximately $25,000. Finally, TruNorth Capital Management LLC increased its holdings in shares of Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after acquiring an additional 249 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

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.