Walmart (NYSE:WMT) Price Target Raised to $108.00 at Barclays

Walmart (NYSE:WMT - Free Report) had its price objective lifted by Barclays from $98.00 to $108.00 in a research report sent to investors on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the retailer's stock.

Several other equities analysts also recently weighed in on the company. TD Cowen lifted their target price on Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Morgan Stanley reiterated an "overweight" rating and set a $115.00 price objective (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Telsey Advisory Group raised their target price on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Oppenheimer upped their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Finally, Guggenheim increased their target price on Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Two 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. Based on data from MarketBeat.com, Walmart currently has an average rating of "Moderate Buy" and an average target price of $101.87.

Walmart Stock Performance

Shares of NYSE:WMT traded down $0.31 during trading on Friday, hitting $103.73. The company's stock had a trading volume of 18,169,760 shares, compared to its average volume of 14,889,558. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market cap of $833.31 billion, a price-to-earnings ratio of 42.57, a P/E/G ratio of 4.25 and a beta of 0.55. The company has a 50-day moving average of $95.20 and a 200-day moving average of $85.80. Walmart has a 12 month low of $57.60 and a 12 month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results 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. The business 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 company's revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 EPS. On average, sell-side analysts expect that Walmart will post 2.48 earnings per share for the current year.

Insider Activity

In related news, EVP John D. Rainey sold 38,000 shares of the business's stock in a transaction on 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 completion of the transaction, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. The trade was a 12.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the completion of the sale, the chief executive officer now owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Walmart

Several hedge funds have recently made changes to their positions in WMT. FPC Investment Advisory Inc. bought a new position in Walmart in the fourth quarter worth approximately $25,000. Horizon Financial Services LLC increased its holdings in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares during the period. Fiduciary Advisors Inc. bought a new position in shares of Walmart in the 4th quarter worth $27,000. Peterson Financial Group Inc. purchased a new stake in shares of Walmart during the 3rd quarter worth $26,000. Finally, Decker Retirement Planning Inc. bought a new stake in Walmart during the fourth quarter valued at about $32,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

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.