Walmart (NYSE:WMT) Price Target Raised to $90.00

Walmart (NYSE:WMT) had its target price boosted by equities researchers at Barclays from $78.00 to $90.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the retailer’s stock. Barclays‘s price target indicates a potential upside of 1.90% from the stock’s previous close.

A number of other equities research analysts have also issued reports on WMT. The Goldman Sachs Group upped their price objective on shares of Walmart from $73.00 to $81.00 and gave the company a “buy” rating in a report on Friday, August 16th. Royal Bank of Canada increased their price target on shares of Walmart from $88.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday. Bank of America lifted their price target on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday. Stifel Nicolaus increased their price objective on Walmart from $85.00 to $89.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Evercore ISI raised their target price on Walmart from $66.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.88.

Walmart Trading Up 1.3 %

Shares of Walmart stock opened at $88.32 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.85 and a quick ratio of 0.22. The stock’s 50 day simple moving average is $81.92 and its 200-day simple moving average is $73.54. The stock has a market cap of $709.94 billion, a P/E ratio of 36.25, a P/E/G ratio of 4.33 and a beta of 0.51. Walmart has a 1-year low of $49.85 and a 1-year high of $88.64.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. Analysts predict that Walmart will post 2.47 EPS for the current fiscal year.

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total transaction of $209,607,941.31. Following the completion of the sale, the insider now directly owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the completion of the transaction, the executive vice president now owns 378,165 shares in the company, valued at approximately $31,054,909.80. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock worth $958,823,647 over the last 90 days. 45.58% of the stock is owned by insiders.

Institutional Trading of Walmart

Several institutional investors have recently modified their holdings of WMT. Summit Financial Wealth Advisors LLC raised its stake in Walmart by 0.5% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock worth $1,915,000 after acquiring an additional 118 shares in the last quarter. Providence Wealth Advisors LLC increased its position in shares of Walmart by 0.3% during the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock worth $3,591,000 after purchasing an additional 122 shares in the last quarter. 3Chopt Investment Partners LLC lifted its holdings 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 purchasing an additional 124 shares during the last quarter. CAP Partners LLC boosted its position in shares of Walmart by 2.1% in the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock valued at $489,000 after purchasing an additional 125 shares during the period. Finally, Investment Advisory Group LLC grew its stake in Walmart by 2.1% during the 3rd quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock worth $499,000 after buying an additional 126 shares during 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.