Walmart (NYSE:WMT) Price Target Raised to $108.00 at Wells Fargo & Company

Walmart (NYSE:WMT) had its price target increased by Wells Fargo & Company from $100.00 to $108.00 in a research report released on Monday,Benzinga reports. They currently have an overweight rating on the retailer’s stock.

WMT has been the subject of a number of other reports. Bank of America upped their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Royal Bank of Canada restated an “outperform” rating and set a $105.00 price objective on shares of Walmart in a research note on Wednesday, January 15th. Stifel Nicolaus upped their price objective on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Sanford C. Bernstein upped their price objective on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Roth Mkm upped their price objective on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $95.37.

Walmart Stock Up 1.5 %

NYSE WMT opened at $99.60 on Monday. The stock’s 50 day moving average is $93.07 and its 200 day moving average is $83.27. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart has a 12 month low of $55.85 and a 12 month high of $99.79. The stock has a market cap of $800.13 billion, a PE ratio of 40.88, a P/E/G ratio of 4.49 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $169.59 billion for 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 company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. Research analysts predict that Walmart will post 2.48 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robert Edward Jr. Moritz bought 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the acquisition, the director now owns 7,805 shares of the company’s stock, valued at $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the transaction, the chief executive officer now owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,177 shares of company stock valued at $12,649,328. Corporate insiders own 45.58% of the company’s stock.

Institutional Trading of Walmart

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fiduciary Advisors Inc. bought a new position in shares of Walmart during the fourth quarter valued at approximately $27,000. Peterson Financial Group Inc. bought a new position in shares of Walmart during the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new position in shares of Walmart during the fourth quarter valued at approximately $32,000. Voisard Asset Management Group Inc. grew its holdings in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Finally, Hoese & Co LLP bought a new position in shares of Walmart during the third quarter valued at approximately $33,000. 26.76% of the stock is owned by 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.