TD Cowen Issues Positive Forecast for Walmart (NYSE:WMT) Stock Price

Walmart (NYSE:WMT - Free Report) had its price target raised by TD Cowen from $90.00 to $100.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the retailer's stock.

A number of other equities research analysts also recently weighed in on WMT. Barclays lifted their price target on shares of Walmart from $66.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, August 16th. Jefferies Financial Group upped their target price on Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Citigroup raised their price target on Walmart from $75.00 to $98.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. KeyCorp upped their price objective on shares of Walmart from $88.00 to $96.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, DA Davidson raised their target price on shares of Walmart from $75.00 to $85.00 and gave the company a "buy" rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Walmart currently has a consensus rating of "Buy" and an average target price of $91.51.

Walmart Stock Performance

NYSE:WMT traded up $0.58 on Wednesday, hitting $87.18. The company's stock had a trading volume of 17,348,499 shares, compared to its average volume of 16,843,436. 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 one year low of $49.85 and a one year high of $88.29. The stock has a fifty day moving average of $81.75 and a two-hundred day moving average of $73.43. The firm has a market capitalization of $700.77 billion, a P/E ratio of 45.33, a price-to-earnings-growth ratio of 4.19 and a beta of 0.51.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. The firm had revenue of $169.59 billion for the quarter, compared to analysts' expectations of $167.69 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The business's revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. Research analysts predict that Walmart will post 2.44 earnings per share for the current year.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 2,063 shares of the company's stock in a transaction dated 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 owns 459,558 shares in the company, valued at $37,113,904.08. This represents a 0.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder S Robson Walton sold 4,057,369 shares of the firm's stock in a transaction that occurred 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 sale, the insider now directly owns 611,988,318 shares of the company's stock, valued at $47,245,498,149.60. This represents a 0.66 % 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 worth $958,823,647 over the last three months. 45.58% of the stock is owned by company insiders.

Hedge Funds Weigh In On Walmart

A number of institutional investors and hedge funds have recently modified their holdings of WMT. Summit Financial Wealth Advisors LLC increased its stake in Walmart by 0.5% in the third quarter. Summit Financial Wealth Advisors LLC now owns 23,720 shares of the retailer's stock valued at $1,915,000 after purchasing an additional 118 shares in the last quarter. Providence Wealth Advisors LLC increased its position in Walmart by 0.3% in the 3rd quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer's stock valued at $3,591,000 after buying an additional 122 shares in the last quarter. 3Chopt Investment Partners LLC increased its position in Walmart by 0.4% in the 3rd quarter. 3Chopt Investment Partners LLC now owns 32,633 shares of the retailer's stock valued at $2,635,000 after buying an additional 124 shares in the last quarter. CAP Partners LLC raised its stake in Walmart by 2.1% during the 3rd quarter. CAP Partners LLC now owns 6,054 shares of the retailer's stock worth $489,000 after buying an additional 125 shares during the period. Finally, Investment Advisory Group LLC boosted its holdings in Walmart by 2.1% in the third quarter. Investment Advisory Group LLC now owns 6,182 shares of the retailer's stock worth $499,000 after acquiring an additional 126 shares in the last quarter. 26.76% of the stock is currently owned by 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.