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

Walmart (NYSE:WMT - Get Free Report) had its price objective lifted by Barclays from $78.00 to $90.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the retailer's stock. Barclays's price target would suggest a potential downside of 0.48% from the company's current price.

Other research analysts also recently issued research reports about the company. BMO Capital Markets boosted their target price on Walmart from $80.00 to $100.00 and gave the company an "outperform" rating in a research note on Monday. Sanford C. Bernstein boosted their price target on Walmart from $98.00 to $102.00 and gave the company an "outperform" rating in a research note on Wednesday. Truist Financial raised their price objective on shares of Walmart from $89.00 to $98.00 and gave the company a "buy" rating in a research report on Wednesday. Stifel Nicolaus increased their price target on shares of Walmart from $85.00 to $89.00 and gave the stock a "hold" rating in a research note on Wednesday. Finally, Telsey Advisory Group lifted their price objective on shares of Walmart from $92.00 to $100.00 and gave the company an "outperform" rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.88.

Walmart Trading Up 2.3 %

WMT stock traded up $2.05 during mid-day trading on Friday, reaching $90.44. 23,978,302 shares of the stock traded hands, compared to its average volume of 16,883,234. Walmart has a 52-week low of $49.85 and a 52-week high of $90.91. The stock's fifty day moving average is $81.92 and its 200-day moving average is $73.54. The company has a market cap of $726.94 billion, a P/E ratio of 37.05, a P/E/G ratio of 4.33 and a beta of 0.51. The company has a current ratio of 0.85, a quick ratio of 0.22 and a debt-to-equity ratio of 0.56.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.53 by $0.05. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The business had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same quarter in the prior year, the firm earned $0.51 EPS. The firm's quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts expect that Walmart will post 2.47 earnings per share for the current year.

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 2,709,163 shares of Walmart stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $77.37, for a total value of $209,607,941.31. Following the completion of the transaction, the insider now owns 630,501,148 shares in the company, valued at approximately $48,781,873,820.76. The trade was a 0.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $82.12, for a total value of $246,360.00. Following the sale, the executive vice president now owns 378,165 shares in the company, valued at $31,054,909.80. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,823,647 over the last quarter. Corporate insiders own 45.58% of the company's stock.

Hedge Funds Weigh In On Walmart

A number of institutional investors have recently modified their holdings of the stock. Jennison Associates LLC raised its holdings in Walmart by 479.6% during the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer's stock worth $1,492,200,000 after purchasing an additional 15,290,936 shares during the last quarter. FMR LLC raised its stake in shares of Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock worth $5,098,203,000 after buying an additional 7,200,004 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Walmart by 8,814.4% during the third quarter. International Assets Investment Management LLC now owns 6,963,218 shares of the retailer's stock worth $562,280,000 after buying an additional 6,885,106 shares during the last quarter. BlueSpruce Investments LP lifted its holdings in Walmart by 186.6% in the first quarter. BlueSpruce Investments LP now owns 10,332,775 shares of the retailer's stock valued at $621,723,000 after buying an additional 6,727,200 shares during the period. Finally, Boston Partners boosted its stake in Walmart by 202.5% in the first quarter. Boston Partners now owns 9,431,662 shares of the retailer's stock valued at $567,499,000 after acquiring an additional 6,314,185 shares during the last quarter. 26.76% of the stock is 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.