Walmart (NYSE:WMT) Price Target Raised to $100.00

Walmart (NYSE:WMT) had its target price lifted by research analysts at Telsey Advisory Group from $92.00 to $100.00 in a note issued to investors on Tuesday, MarketBeat.com reports. The brokerage currently has an “outperform” rating on the retailer’s stock. Telsey Advisory Group’s price target would indicate a potential upside of 14.71% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group boosted their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. The Goldman Sachs Group boosted their target price on Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Guggenheim boosted their target price on Walmart from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Evercore ISI boosted their target price on Walmart from $66.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Robert W. Baird boosted their target price on Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. One equities research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $91.51.

Walmart Stock Performance

WMT stock opened at $87.18 on Tuesday. The stock has a 50-day moving average price of $81.75 and a 200-day moving average price of $73.43. Walmart has a 1-year low of $49.85 and a 1-year high of $88.29. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. The firm has a market cap of $700.77 billion, a PE ratio of 45.33, a price-to-earnings-growth ratio of 4.19 and a beta of 0.51.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the company posted $0.51 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts expect that Walmart will post 2.44 earnings per share for the current year.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $82.12, for a total value of $246,360.00. Following the transaction, the executive vice president now owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 2,063 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the transaction, the executive vice president now directly owns 459,558 shares in the company, valued at approximately $37,113,904.08. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Summit Financial Wealth Advisors LLC increased its stake in Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer’s stock valued at $1,915,000 after acquiring an additional 118 shares during the last quarter. Providence Wealth Advisors LLC increased its stake in Walmart by 0.3% in the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer’s stock valued at $3,591,000 after acquiring an additional 122 shares during the last quarter. 3Chopt Investment Partners LLC increased its stake in Walmart by 0.4% in the third quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer’s stock valued at $2,635,000 after acquiring an additional 124 shares during the last quarter. CAP Partners LLC boosted its position in Walmart by 2.1% during the third quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock valued at $489,000 after buying an additional 125 shares during the period. Finally, Investment Advisory Group LLC boosted its position in Walmart by 2.1% during the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer’s stock valued at $499,000 after buying an additional 126 shares during the period. Institutional investors own 26.76% of the company’s stock.

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.