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

Walmart (NYSE:WMT) had its price objective lifted by BMO Capital Markets from $80.00 to $100.00 in a research report released on Monday morning,Benzinga reports. The firm currently has an outperform rating on the retailer’s stock.

A number of other research analysts also recently commented on WMT. Robert W. Baird boosted their target price on Walmart from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Telsey Advisory Group reiterated an “outperform” rating and set a $92.00 price target on shares of Walmart in a research note on Wednesday, November 13th. KeyCorp boosted their price objective on Walmart from $87.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their price objective on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Finally, StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Walmart presently has an average rating of “Buy” and an average target price of $91.51.

Walmart Price Performance

WMT stock opened at $87.18 on Monday. The firm has a market cap of $700.77 billion, a P/E ratio of 45.33, a price-to-earnings-growth ratio of 4.19 and a beta of 0.51. Walmart has a 1 year low of $49.85 and a 1 year high of $88.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. The stock has a 50-day simple moving average of $81.75 and a 200-day simple moving average of $73.43.

Walmart (NYSE:WMT) last announced its quarterly earnings results 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 the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. On average, equities analysts predict that Walmart will post 2.44 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the sale, the insider now directly 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 position. The transaction 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 company’s stock in a transaction dated 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 directly owns 459,558 shares in the company, valued at $37,113,904.08. This represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,337,337 shares of company stock worth $958,823,647. 45.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Walmart

Institutional investors and hedge funds have recently made changes to their positions in the business. SOA Wealth Advisors LLC. raised its stake in Walmart by 4.2% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 9,052 shares of the retailer’s stock worth $731,000 after acquiring an additional 364 shares during the period. Virtu Financial LLC purchased a new stake in shares of Walmart during the third quarter valued at $541,000. Second Line Capital LLC raised its holdings in shares of Walmart by 6.0% in the third quarter. Second Line Capital LLC now owns 46,450 shares of the retailer’s stock valued at $3,751,000 after acquiring an additional 2,614 shares in the last quarter. TCW Group Inc. raised its holdings in shares of Walmart by 140.1% in the third quarter. TCW Group Inc. now owns 151,115 shares of the retailer’s stock valued at $12,203,000 after acquiring an additional 88,177 shares in the last quarter. Finally, Soltis Investment Advisors LLC raised its holdings in Walmart by 31.9% in the third quarter. Soltis Investment Advisors LLC now owns 11,716 shares of the retailer’s stock worth $946,000 after purchasing an additional 2,831 shares in the last quarter. 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.