KeyCorp Raises Walmart (NYSE:WMT) Price Target to $100.00

Walmart (NYSE:WMT) had its price target upped by analysts at KeyCorp from $96.00 to $100.00 in a note issued to investors on Wednesday, MarketBeat reports. The brokerage presently has an “overweight” rating on the retailer’s stock. KeyCorp’s price target points to a potential upside of 6.25% from the stock’s previous close.

WMT has been the topic of several other research reports. Roth Mkm lifted their target price on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Jefferies Financial Group upped their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, November 15th. DA Davidson lifted their price objective on Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Finally, Stifel Nicolaus lifted their price target on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $92.40.

Walmart Price Performance

Walmart stock opened at $94.12 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The company’s fifty day moving average price is $85.56 and its 200 day moving average price is $76.62. The stock has a market capitalization of $756.10 billion, a P/E ratio of 38.98, a P/E/G ratio of 4.49 and a beta of 0.54. Walmart has a 1 year low of $50.21 and a 1 year high of $96.18.

Walmart (NYSE:WMT) last announced its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 earnings per share. As a group, equities research analysts anticipate that Walmart will post 2.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP David Chojnowski sold 5,600 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total value of $512,120.00. Following the sale, the senior vice president now directly owns 87,404 shares in the company, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $92.47, for a total value of $277,410.00. Following the transaction, the executive vice president now directly owns 375,165 shares of the company’s stock, valued at approximately $34,691,507.55. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,309,091 shares of company stock worth $183,375,539 in the last ninety days. 45.58% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Walmart

Several institutional investors have recently added to or reduced their stakes in WMT. Peterson Financial Group Inc. purchased a new position in shares of Walmart during the third quarter worth about $26,000. Voisard Asset Management Group Inc. raised its holdings in shares of 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 purchased a new position in shares of Walmart during the third quarter worth about $33,000. TruNorth Capital Management LLC raised its stake in Walmart by 138.3% during 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 last quarter. Finally, Cultivar Capital Inc. purchased a new position in shares of Walmart in the 2nd quarter valued at approximately $29,000. Hedge funds and other 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.