Tigress Financial Increases Walmart (NYSE:WMT) Price Target to $115.00

Walmart (NYSE:WMT) had its target price hoisted by Tigress Financial from $86.00 to $115.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the retailer’s stock. Tigress Financial’s price target would indicate a potential upside of 22.02% from the company’s previous close.

A number of other equities research analysts have also recently commented on WMT. Stifel Nicolaus increased their target price on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Oppenheimer increased their price objective 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Walmart from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Melius Research started coverage on shares of Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target on the stock. Finally, Telsey Advisory Group boosted their price objective on shares of Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Two analysts have rated the stock with a hold rating, twenty-nine have given 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 an average price target of $93.33.

Walmart Trading Up 0.4 %

Shares of NYSE WMT opened at $94.25 on Friday. Walmart has a 1 year low of $50.51 and a 1 year high of $96.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a 50-day moving average of $86.10 and a 200 day moving average of $77.02. The stock has a market cap of $757.15 billion, a P/E ratio of 38.68, a price-to-earnings-growth ratio of 4.47 and a beta of 0.54.

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

Insider Buying and Selling

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the transaction, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the 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 sale, the executive vice president now owns 375,165 shares of the company’s stock, valued at $34,691,507.55. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,309,091 shares of company stock valued at $183,375,539. 45.58% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Walmart

A number of institutional investors have recently added to or reduced their stakes in WMT. Jennison Associates LLC grew its stake in Walmart by 479.6% during the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after acquiring an additional 15,290,936 shares in the last quarter. FMR LLC increased its holdings in shares of Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of Walmart by 8,814.4% in the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer’s stock worth $562,280,000 after buying an additional 6,885,106 shares in the last quarter. Geode Capital Management LLC boosted its stake in Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after buying an additional 2,786,061 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in Walmart by 16.0% during the 2nd quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock valued at $1,102,463,000 after buying an additional 2,246,656 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

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.