Walmart (NYSE:WMT) Given New $105.00 Price Target at KeyCorp

Walmart (NYSE:WMT - Get Free Report) had its target price upped by analysts at KeyCorp from $100.00 to $105.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the retailer's stock. KeyCorp's price objective would indicate a potential upside of 10.88% from the stock's current price.

WMT has been the topic of several other research reports. Evercore ISI increased their target price on Walmart from $94.00 to $96.00 and gave the company an "outperform" rating in a report on Tuesday, December 3rd. Oppenheimer increased their target price on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. DZ Bank lowered Walmart from a "buy" rating to a "hold" rating and set a $91.00 target price on the stock. in a report on Thursday, November 21st. BMO Capital Markets increased their target price on Walmart from $80.00 to $100.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price objective (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $102.43.

Walmart Trading Down 2.6 %

NYSE:WMT traded down $2.51 during trading hours on Friday, reaching $94.70. 34,962,340 shares of the stock were exchanged, compared to its average volume of 16,282,283. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average of $95.63 and a two-hundred day moving average of $86.44. Walmart has a twelve month low of $57.77 and a twelve month high of $105.30. The company has a market capitalization of $760.77 billion, a price-to-earnings ratio of 39.30, a PEG ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $180.55 billion for the quarter, compared to analysts' expectations of $178.83 billion. On average, equities analysts predict that Walmart will post 2.55 EPS for the current year.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 38,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the sale, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the sale, the executive vice president now owns 423,597 shares of the company's stock, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 176,777 shares of company stock worth $16,570,112 over the last 90 days. Company insiders own 45.58% of the company's stock.

Institutional Investors Weigh In On Walmart

Hedge funds and other institutional investors have recently modified their holdings of the stock. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the 4th quarter valued at approximately $25,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart during the 3rd quarter valued at approximately $26,000. Horizon Financial Services LLC lifted its position in shares of Walmart by 1,007.7% during 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. acquired a new stake in shares of Walmart during the 4th quarter valued at approximately $27,000. Finally, Voisard Asset Management Group Inc. lifted its position in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer's stock valued at $32,000 after acquiring an additional 174 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

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.