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

Walmart (NYSE:WMT) had its price target lifted by Morgan Stanley from $89.00 to $100.00 in a report published on Wednesday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the retailer’s stock.

A number of other brokerages also recently issued reports on WMT. Royal Bank of Canada boosted their price objective on Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. UBS Group lifted their price target on shares of Walmart from $92.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday. BMO Capital Markets increased their price objective on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. KeyCorp raised their target price on Walmart from $88.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, DA Davidson upped their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Two 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $91.88.

Walmart Stock Up 2.3 %

Walmart stock opened at $90.44 on Wednesday. Walmart has a 1-year low of $49.85 and a 1-year high of $90.91. The company has a market cap of $726.94 billion, a P/E ratio of 37.11, a price-to-earnings-growth ratio of 4.33 and a beta of 0.51. The company has a current ratio of 0.85, a quick ratio of 0.22 and a debt-to-equity ratio of 0.56. The company has a fifty day simple moving average of $82.12 and a 200 day simple moving average of $73.75.

Walmart (NYSE:WMT) last posted 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same quarter last year, the company earned $0.51 EPS. The company’s revenue was up 5.5% on a year-over-year basis. Research analysts anticipate that Walmart will post 2.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. This represents a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares of the company’s stock, valued at approximately $37,113,904.08. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,337,337 shares of company stock worth $958,823,647. Insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

Institutional investors and hedge funds have recently bought and sold shares of the stock. EntryPoint Capital LLC bought a new stake in Walmart during the 1st quarter valued at $25,000. Peterson Financial Group Inc. purchased a new position in Walmart during the 3rd quarter valued at about $26,000. TruNorth Capital Management LLC lifted its holdings in Walmart by 138.3% in the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after buying an additional 249 shares during the period. Cultivar Capital Inc. purchased a new position in shares of Walmart during the second quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC raised its holdings in shares of Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after acquiring an additional 377 shares in the last quarter. 26.76% of the stock is currently owned by 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.