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

Walmart (NYSE:WMT) had its price objective upped by KeyCorp from $96.00 to $100.00 in a research report released on Wednesday morning, MarketBeat.com reports. KeyCorp currently has an overweight rating on the retailer’s stock.

Several other research firms have also recently weighed in on WMT. Redburn Atlantic upgraded shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. Melius Research began coverage on Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price target on the stock. Morgan Stanley increased their price objective on Walmart from $89.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Barclays raised their price objective on Walmart from $78.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, Citigroup upped their target price on Walmart from $75.00 to $98.00 and gave the company a “buy” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $93.33.

Walmart Stock Up 0.4 %

Shares of Walmart stock opened at $94.26 on Wednesday. Walmart has a 12-month low of $50.51 and a 12-month high of $96.18. The firm has a market capitalization of $757.19 billion, a PE ratio of 38.63, a price-to-earnings-growth ratio of 4.51 and a beta of 0.54. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The stock’s fifty day moving average is $85.83 and its 200-day moving average is $76.74.

Walmart (NYSE:WMT) last posted 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion for the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the previous year, the company earned $0.51 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Walmart will post 2.47 earnings per share for the current year.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on 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 $34,691,507.55. The trade was a 0.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 of the company’s stock, valued at $7,993,095.80. This represents a 6.02 % 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 valued at $183,375,539 over the last quarter. 45.58% of the stock is owned by company insiders.

Institutional Investors Weigh In On Walmart

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Summit Financial Wealth Advisors LLC increased its holdings in shares of Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after purchasing an additional 118 shares in the last quarter. Providence Wealth Advisors LLC boosted its position in Walmart by 0.3% in the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after buying an additional 122 shares during the last quarter. 3Chopt Investment Partners LLC increased its stake in shares of Walmart by 0.4% in the 3rd quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock valued at $2,635,000 after buying an additional 124 shares during the period. CAP Partners LLC raised its position in shares of Walmart by 2.1% during the third quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock worth $489,000 after acquiring an additional 125 shares during the last quarter. Finally, Investment Advisory Group LLC lifted its stake in shares of Walmart by 2.1% during the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after acquiring an additional 126 shares during the period. Institutional investors and hedge funds 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.