Walmart (NYSE:WMT) Given New $86.00 Price Target at KeyCorp

by · The Markets Daily

Walmart (NYSE:WMT – Free Report) had its price target lifted by KeyCorp from $82.00 to $86.00 in a research report report published on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the retailer’s stock.

WMT has been the topic of several other reports. Evercore ISI increased their target price on shares of Walmart from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Wells Fargo & Company increased their price objective on Walmart from $81.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Stifel Nicolaus boosted their target price on Walmart from $71.00 to $73.00 and gave the stock a “hold” rating in a report on Tuesday, August 13th. Jefferies Financial Group upped their target price on Walmart from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Redburn Atlantic raised shares of Walmart to a “strong-buy” rating in a research report on Monday, September 23rd. One investment analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $82.96.

Get Our Latest Research Report on Walmart

Walmart Stock Down 0.4 %

Shares of Walmart stock opened at $80.90 on Monday. The firm has a market cap of $650.29 billion, a price-to-earnings ratio of 42.06, a P/E/G ratio of 4.02 and a beta of 0.51. The stock has a 50-day simple moving average of $77.63 and a 200-day simple moving average of $69.39. Walmart has a 52-week low of $49.85 and a 52-week high of $81.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22.

Walmart (NYSE:WMT – Get Free Report) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The firm had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts expect that Walmart will post 2.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now owns 611,988,318 shares in the company, valued at approximately $47,245,498,149.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Alice L. Walton sold 2,709,163 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the sale, the insider now owns 630,501,148 shares of the company’s stock, valued at $48,781,873,820.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $77.20, for a total value of $313,228,886.80. Following the transaction, the insider now owns 611,988,318 shares of the company’s stock, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock worth $958,267,901 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

Several large investors have recently made changes to their positions in WMT. Vanguard Group Inc. increased its holdings in shares of Walmart by 199.4% during the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after purchasing an additional 36,625,314 shares in the last quarter. Legal & General Group Plc raised its position in Walmart by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 36,282,740 shares of the retailer’s stock valued at $2,456,704,000 after purchasing an additional 644,353 shares during the last quarter. Raymond James & Associates boosted its stake in Walmart by 16.0% in the second quarter. Raymond James & Associates now owns 16,282,129 shares of the retailer’s stock worth $1,102,463,000 after purchasing an additional 2,246,656 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Walmart by 5.4% during the second quarter. Dimensional Fund Advisors LP now owns 16,184,945 shares of the retailer’s stock worth $1,095,946,000 after purchasing an additional 834,005 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

About Walmart

(Get Free Report)

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.

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