Walmart (NYSE:WMT) Price Target Raised to $115.00

Walmart (NYSE:WMT) had its target price increased by Tigress Financial from $86.00 to $115.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the retailer’s stock.

A number of other research analysts also recently issued reports on the stock. Evercore ISI lifted their price target on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. Oppenheimer lifted their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Redburn Atlantic raised Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Stifel Nicolaus raised their price target on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, Melius Research assumed coverage on Walmart in a research report on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective for the company. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $93.33.

Walmart Stock Performance

Shares of WMT stock opened at $94.25 on Friday. Walmart has a 52 week low of $50.51 and a 52 week high of $96.18. The firm has a 50 day moving average of $86.10 and a two-hundred day moving average of $77.11. 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 has a market capitalization of $757.15 billion, a PE ratio of 38.68, a P/E/G 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 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion during 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%. Walmart’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. On average, research analysts predict that Walmart will post 2.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the completion of the transaction, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. This represents a 0.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $92.47, for a total value of $277,410.00. Following the completion of the sale, the executive vice president now owns 375,165 shares in the company, valued at approximately $34,691,507.55. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,307,028 shares of company stock worth $183,208,931. 45.58% of the stock is owned by insiders.

Hedge Funds Weigh In On Walmart

A number of institutional investors and hedge funds have recently made changes to their positions in WMT. Legacy Wealth Management LLC MS increased its stake in Walmart by 2.3% in the 3rd quarter. Legacy Wealth Management LLC MS now owns 85,424 shares of the retailer’s stock valued at $6,898,000 after purchasing an additional 1,907 shares in the last quarter. 1ST Source Bank increased its position in shares of Walmart by 1.6% in the third quarter. 1ST Source Bank now owns 65,133 shares of the retailer’s stock valued at $5,259,000 after buying an additional 998 shares in the last quarter. Alternative Investment Advisors LLC. purchased a new position in shares of Walmart in the third quarter valued at $318,000. DGS Capital Management LLC raised its stake in shares of Walmart by 18.4% during the 3rd quarter. DGS Capital Management LLC now owns 19,580 shares of the retailer’s stock worth $1,581,000 after buying an additional 3,048 shares during the last quarter. Finally, Copley Financial Group Inc. purchased a new stake in shares of Walmart in the 3rd quarter worth about $303,000. 26.76% of the stock is owned by institutional investors and hedge funds.

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.