Walmart (NYSE:WMT) Price Target Increased to $92.00 by Analysts at UBS Group

Walmart (NYSE:WMT) had its price target increased by investment analysts at UBS Group from $81.00 to $92.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the retailer’s stock. UBS Group’s target price points to a potential upside of 15.22% from the company’s current price.

A number of other brokerages have also weighed in on WMT. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 16th. Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a report on Monday, September 23rd. Guggenheim increased their price target on shares of Walmart from $75.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Tigress Financial raised their price objective on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, Roth Mkm upped their target price on shares of Walmart from $71.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $82.32.

Walmart Price Performance

Shares of NYSE:WMT traded up $0.24 during trading on Friday, hitting $79.85. 2,938,537 shares of the stock were exchanged, compared to its average volume of 17,250,746. The company has a market cap of $641.85 billion, a PE ratio of 41.49, a P/E/G ratio of 4.03 and a beta of 0.51. The company has a fifty day moving average price of $76.32 and a two-hundred day moving average price of $68.68. Walmart has a 12-month low of $49.85 and a 12-month high of $81.60. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. During the same quarter last year, the firm posted $0.61 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, analysts forecast that Walmart will post 2.44 EPS for the current year.

Insider Activity

In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $80.97, for a total transaction of $242,910.00. Following the completion of the sale, the executive vice president now owns 381,165 shares of the company’s stock, valued at approximately $30,862,930.05. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $80.97, for a total transaction of $242,910.00. Following the sale, the executive vice president now owns 381,165 shares of the company’s stock, valued at approximately $30,862,930.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the 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 completion of the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,337,670 shares of company stock worth $958,267,937. 45.58% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Walmart

A number of hedge funds have recently made changes to their positions in the stock. EntryPoint Capital LLC bought a new position in Walmart during the first quarter worth $25,000. Northwest Capital Management Inc boosted its position in Walmart by 199.3% in the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the last quarter. TruNorth Capital Management LLC grew its position in Walmart by 138.3% during the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock valued at $29,000 after buying an additional 249 shares during the period. Cultivar Capital Inc. purchased a new stake in shares of Walmart during the 2nd quarter worth approximately $29,000. Finally, Able Wealth Management LLC bought a new stake in shares of Walmart in the fourth quarter valued at $30,000. 26.76% of the stock is currently owned by 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.