Walmart (NYSE:WMT) Price Target Raised to $90.00 at Guggenheim

Walmart (NYSE:WMT - Get Free Report) had its price objective lifted by research analysts at Guggenheim from $81.00 to $90.00 in a report issued on Monday, Benzinga reports. The firm presently has a "buy" rating on the retailer's stock. Guggenheim's price objective indicates a potential upside of 8.76% from the stock's previous close.

A number of other research firms also recently commented on WMT. BMO Capital Markets reissued an "outperform" rating and set a $80.00 target price on shares of Walmart in a research report on Friday, August 16th. 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 report on Friday, August 16th. Citigroup raised their target price on shares of Walmart from $75.00 to $98.00 and gave the company a "buy" rating in a research report on Friday, September 27th. JPMorgan Chase & Co. raised their price target on shares of Walmart from $81.00 to $83.00 and gave the company an "overweight" rating in a report on Friday, August 16th. Finally, KeyCorp raised their price target on shares of Walmart from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Monday. One research analyst has rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $83.83.

Walmart Trading Up 0.3 %

WMT stock traded up $0.24 during trading on Monday, hitting $82.75. The company had a trading volume of 7,964,823 shares, compared to its average volume of 16,945,824. The firm has a market capitalization of $665.17 billion, a P/E ratio of 43.05, a PEG ratio of 4.13 and a beta of 0.51. Walmart has a 52-week low of $49.85 and a 52-week high of $83.34. The company has a 50 day simple moving average of $79.09 and a 200-day simple moving average of $70.47. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to the consensus estimate of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 EPS. As a group, research analysts forecast that Walmart will post 2.44 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the sale, the executive vice president now owns 593,040 shares of the company's stock, valued at approximately $49,198,598.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the sale, the executive vice president now owns 593,040 shares of the company's stock, valued at $49,198,598.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 2,063 shares of Walmart stock in a transaction on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the sale, the executive vice president now directly owns 459,558 shares in the company, valued at approximately $37,113,904.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,784,857 in the last three months. 45.58% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Walmart

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. EntryPoint Capital LLC acquired a new position in shares of Walmart during the 1st quarter valued at about $25,000. TruNorth Capital Management LLC boosted its position in shares of Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer's stock valued at $29,000 after acquiring an additional 249 shares during the last quarter. Cultivar Capital Inc. acquired a new position in shares of Walmart during the 2nd quarter valued at about $29,000. FSA Wealth Management LLC boosted its position in shares of Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer's stock valued at $32,000 after acquiring an additional 377 shares during the last quarter. Finally, Kozak & Associates Inc. boosted its position in shares of Walmart by 216.4% during the 1st quarter. Kozak & Associates Inc. now owns 503 shares of the retailer's stock valued at $32,000 after acquiring an additional 344 shares during the last quarter. 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.