Walmart (NYSE:WMT) Price Target Raised to $90.00

Walmart (NYSE:WMT) had its target price hoisted by Barclays from $78.00 to $90.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the retailer’s stock.

WMT has been the topic of several other reports. Citigroup raised their price objective on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Roth Mkm upped their price objective on shares of Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Stifel Nicolaus boosted their target price on shares of Walmart from $85.00 to $89.00 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. Redburn Atlantic upgraded Walmart to a “strong-buy” rating in a research note on Monday, September 23rd. Finally, JPMorgan Chase & Co. upped their target price on Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $91.88.

Walmart Trading Up 2.3 %

Shares of WMT stock opened at $90.44 on Friday. The stock has a market cap of $726.98 billion, a P/E ratio of 37.12, a price-to-earnings-growth ratio of 4.30 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 stock has a 50 day simple moving average of $82.12 and a 200 day simple moving average of $73.94. Walmart has a 1 year low of $49.85 and a 1 year high of $90.91.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for 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 quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. On average, research analysts predict that Walmart will post 2.47 earnings per share for the current fiscal year.

Insider Activity

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the transaction, the insider now directly owns 630,501,148 shares in the company, valued at $48,781,873,820.76. This trade represents a 0.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total transaction of $313,228,886.80. Following the sale, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Walmart

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WMT. EntryPoint Capital LLC bought a new position in shares of Walmart in the 1st quarter worth about $25,000. Peterson Financial Group Inc. bought a new stake in shares of Walmart in the 3rd quarter worth approximately $26,000. TruNorth Capital Management LLC grew its stake in shares of 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 last quarter. Cultivar Capital Inc. bought a new position in Walmart during the 2nd quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC grew its stake in shares of Walmart by 253.0% in the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after acquiring an additional 377 shares during the last quarter. 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.