Wells Fargo & Company Issues Positive Forecast for Walmart (NYSE:WMT) Stock Price

Walmart (NYSE:WMT) had its price objective increased by Wells Fargo & Company from $100.00 to $108.00 in a research note released on Monday morning,Benzinga reports. They currently have an overweight rating on the retailer’s stock.

WMT has been the subject of several other research reports. Morgan Stanley boosted their target price on shares of Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Barclays boosted their price objective on shares of Walmart from $90.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. KeyCorp lifted their target price on shares of Walmart from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. DZ Bank cut Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective on the stock. in a report on Thursday, November 21st. Finally, TD Cowen upped their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.01.

Walmart Stock Performance

Shares of WMT stock opened at $102.47 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The stock has a market cap of $823.21 billion, a PE ratio of 42.05, a P/E/G ratio of 4.49 and a beta of 0.55. Walmart has a 1 year low of $55.85 and a 1 year high of $102.58. The stock has a fifty day moving average price of $93.46 and a 200 day moving average price of $83.69.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analysts’ expectations of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 EPS. Sell-side analysts forecast that Walmart will post 2.48 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 175,177 shares of company stock worth $16,403,728. 45.58% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Walmart

Large investors have recently made changes to their positions in the business. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the fourth quarter valued at approximately $25,000. Peterson Financial Group Inc. purchased a new position in Walmart during the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. acquired a new stake in Walmart during the 4th quarter valued at $27,000. Voisard Asset Management Group Inc. lifted its holdings in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares in the last quarter. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the fourth quarter worth $32,000. 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.