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

Walmart (NYSE:WMT) had its price objective hoisted by equities researchers at KeyCorp from $96.00 to $100.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the retailer’s stock. KeyCorp’s target price would indicate a potential upside of 5.74% from the stock’s previous close.

A number of other brokerages have also recently weighed in on WMT. Barclays lifted their price target on shares of Walmart from $78.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Melius Research began coverage on shares of Walmart in a research report on Monday, September 23rd. They issued a “buy” rating and a $95.00 price objective on the stock. Truist Financial raised their target price on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. UBS Group boosted their price target on shares of Walmart from $92.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two research 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 stock. According to data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $92.40.

Walmart Stock Up 0.8 %

WMT opened at $94.57 on Wednesday. The company has a market capitalization of $759.72 billion, a P/E ratio of 38.81, a P/E/G ratio of 4.45 and a beta of 0.54. The firm’s fifty day moving average price is $85.00 and its two-hundred day moving average price is $76.28. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart has a fifty-two week low of $49.85 and a fifty-two week high of $96.18.

Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period last year, the firm posted $0.51 EPS. The business’s revenue was up 5.5% on a year-over-year basis. On average, analysts anticipate that Walmart will post 2.47 EPS for the current year.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total transaction of $2,348,559.36. Following the sale, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. This represents a 0.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Jim C. Walton sold 934,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $79.46, for a total value of $74,215,640.00. Following the completion of the sale, the insider now owns 610,843,318 shares in the company, valued at $48,537,610,048.28. This trade represents a 0.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,243,091 shares of company stock valued at $257,591,179 in the last ninety days. 45.58% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Summit Financial Wealth Advisors LLC lifted 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 valued at $1,915,000 after acquiring an additional 118 shares during the period. Providence Wealth Advisors LLC lifted its holdings 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 valued at $3,591,000 after purchasing an additional 122 shares during the last quarter. 3Chopt Investment Partners LLC boosted its position 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 worth $2,635,000 after purchasing an additional 124 shares in the last quarter. CAP Partners LLC grew its stake in shares of Walmart by 2.1% in the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer’s stock worth $489,000 after buying an additional 125 shares during the last quarter. Finally, Investment Advisory Group LLC raised its stake 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 last quarter. 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.