Walmart (NYSE:WMT) Given New $90.00 Price Target at Wells Fargo & Company

Walmart (NYSE:WMT - Get Free Report) had its target price raised by investment analysts at Wells Fargo & Company from $88.00 to $90.00 in a report issued on Thursday, Benzinga reports. The firm currently has an "overweight" rating on the retailer's stock. Wells Fargo & Company's target price suggests a potential upside of 9.82% from the stock's current price.

WMT has been the subject of several other reports. KeyCorp boosted their target price on shares of Walmart from $86.00 to $87.00 and gave the stock an "overweight" rating in a research report on Monday. Roth Mkm increased their price objective on Walmart from $71.00 to $81.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. TD Cowen lifted their target price on Walmart from $80.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, August 16th. Guggenheim increased their target price on shares of Walmart from $81.00 to $90.00 and gave the company a "buy" rating in a report on Monday. Finally, BMO Capital Markets reissued an "outperform" rating and set a $80.00 price target on shares of Walmart in a research report on Friday, August 16th. One investment 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $83.89.

Walmart Stock Up 0.7 %

WMT stock traded up $0.56 during trading on Thursday, reaching $81.95. 15,173,223 shares of the stock were exchanged, compared to its average volume of 16,838,184. The firm's 50 day moving average is $79.54 and its 200 day moving average is $70.86. The firm has a market cap of $658.73 billion, a P/E ratio of 42.68, a price-to-earnings-growth ratio of 4.13 and a beta of 0.51. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.46. Walmart has a twelve month low of $49.85 and a twelve month high of $83.34.

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

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.96, for a total value of $1,088,850.00. Following the completion of the transaction, the executive vice president now directly owns 593,040 shares in the company, valued at approximately $49,198,598.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $82.79, for a total value of $2,411,175.96. Following the transaction, the chief executive officer now owns 3,843,929 shares in the company, valued at approximately $318,238,881.91. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 593,040 shares of the company's stock, valued at $49,198,598.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,334,337 shares of company stock valued at $958,577,287 over the last 90 days. 45.58% of the stock is owned by insiders.

Institutional Trading of Walmart

Institutional investors have recently made changes to their positions in the stock. EntryPoint Capital LLC purchased a new position in shares of Walmart in the first quarter valued at about $25,000. TruNorth Capital Management LLC raised its position in 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 purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. purchased a new stake in Walmart in the 2nd quarter worth approximately $29,000. FSA Wealth Management LLC increased its stake in shares of Walmart by 253.0% during the first quarter. FSA Wealth Management LLC now owns 526 shares of the retailer's stock valued at $32,000 after buying an additional 377 shares during the period. Finally, Kozak & Associates Inc. lifted its stake in Walmart by 216.4% in the first quarter. Kozak & Associates Inc. now owns 503 shares of the retailer's stock worth $32,000 after acquiring an additional 344 shares during the period. Hedge funds and other 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.

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