Walmart (NYSE:WMT) Given New $90.00 Price Target at Barclays

Walmart (NYSE:WMT) had its price objective hoisted by Barclays from $78.00 to $90.00 in a report published on Friday,Benzinga reports. They currently have an overweight rating on the retailer’s stock.

Other equities analysts have also issued reports about the company. Redburn Atlantic raised Walmart to a “strong-buy” rating in a report on Monday, September 23rd. DZ Bank lowered Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a report on Thursday, November 21st. Bank of America increased their target price on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group boosted their price target on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Robert W. Baird upped their price target on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.88.

Walmart Trading Down 1.1 %

NYSE:WMT opened at $89.45 on Friday. Walmart has a 52 week low of $49.85 and a 52 week high of $90.95. The firm has a 50-day moving average price of $82.29 and a two-hundred day moving average price of $74.14. The firm has a market cap of $719.02 billion, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 4.29 and a beta of 0.51. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period last year, the business posted $0.51 earnings per share. Walmart’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts expect that Walmart will post 2.47 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the transaction, the executive vice president now owns 384,165 shares in the company, valued at $29,765,104.20. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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, September 26th. The stock was sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the sale, the chief executive officer now owns 3,873,053 shares in the company, valued at $312,322,993.92. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,823,647 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. EntryPoint Capital LLC purchased a new position in shares of Walmart in the 1st quarter worth $25,000. Peterson Financial Group Inc. purchased a new stake in Walmart during the third quarter valued at approximately $26,000. TruNorth Capital Management LLC lifted 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 valued at $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new position in shares of Walmart in the 2nd quarter worth approximately $29,000. Finally, FSA Wealth Management LLC increased its position in shares of Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock valued at $32,000 after purchasing an additional 377 shares during the last quarter. 26.76% of the stock is currently 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.