Walmart (NYSE:WMT) Price Target Raised to $106.00

Walmart (NYSE:WMT) had its price objective upped by Morgan Stanley from $100.00 to $106.00 in a report released on Tuesday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the retailer’s stock.

A number of other analysts have also issued reports on the company. Telsey Advisory Group raised their price target on Walmart from $92.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Roth Mkm lifted their price objective on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Robert W. Baird lifted their price objective on Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Melius Research initiated coverage on Walmart in a research note on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective on the stock. Finally, Stifel Nicolaus lifted their price objective on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Walmart has an average rating of “Moderate Buy” and an average target price of $94.69.

Walmart Stock Up 0.6 %

WMT opened at $93.75 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market cap of $753.12 billion, a P/E ratio of 38.47, a PEG ratio of 4.42 and a beta of 0.55. Walmart has a 52 week low of $53.44 and a 52 week high of $96.18. The business’s fifty day simple moving average is $91.62 and its 200 day simple moving average is $81.87.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. During the same period last year, the company earned $0.51 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts anticipate that Walmart will post 2.47 EPS for the current fiscal year.

Insider Transactions at Walmart

In related news, Director Robert Edward Jr. Moritz acquired 5,446 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the transaction, the director now directly owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred 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 $31,054,909.80. This represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,928 shares of company stock worth $8,978,123. 45.58% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dakota Community Bank & Trust NA boosted its position in Walmart by 4.0% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock valued at $260,000 after purchasing an additional 110 shares during the period. Kozak & Associates Inc. boosted its position in Walmart by 22.3% during the 4th quarter. Kozak & Associates Inc. now owns 619 shares of the retailer’s stock worth $56,000 after acquiring an additional 113 shares during the period. Summit Financial Wealth Advisors LLC boosted its position 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 during the period. Hanson & Doremus Investment Management boosted its position in Walmart by 1.0% during the 4th quarter. Hanson & Doremus Investment Management now owns 12,609 shares of the retailer’s stock worth $1,139,000 after acquiring an additional 120 shares during the period. Finally, Lowe Wealth Advisors LLC boosted its position in Walmart by 13.5% during the 4th quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer’s stock worth $92,000 after acquiring an additional 121 shares during the period. Institutional investors and hedge funds 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.