Oppenheimer Increases Walmart (NYSE:WMT) Price Target to $110.00

Walmart (NYSE:WMT - Get Free Report) had its target price raised by equities researchers at Oppenheimer from $100.00 to $110.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the retailer's stock. Oppenheimer's price target points to a potential upside of 8.73% from the stock's previous close.

A number of other analysts also recently weighed in on the stock. Tigress Financial boosted their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, December 13th. KeyCorp boosted their price objective on shares of Walmart from $96.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. TD Cowen increased their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Telsey Advisory Group boosted their price objective on Walmart from $92.00 to $100.00 and gave the company an "outperform" rating in a report on Tuesday, November 19th. Finally, Jefferies Financial Group raised their price target on shares of Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $96.01.

Remove Ads

Walmart Stock Performance

NYSE:WMT traded down $1.68 during trading hours on Wednesday, reaching $101.17. The company had a trading volume of 12,439,499 shares, compared to its average volume of 15,084,413. The firm's 50 day moving average price is $94.07 and its 200-day moving average price is $84.17. The firm has a market cap of $812.73 billion, a price-to-earnings ratio of 41.52, a PEG ratio of 4.25 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart has a 52 week low of $55.85 and a 52 week high of $103.11.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.05. The company had revenue of $169.59 billion during the quarter, compared to analysts' expectations of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Walmart's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.51 earnings per share. On average, analysts forecast that Walmart will post 2.48 EPS for the current year.

Insider Buying and Selling

In other Walmart news, SVP David Chojnowski sold 5,600 shares of the firm's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.45, for a total value of $512,120.00. Following the transaction, the senior vice president now owns 87,404 shares in the company, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 175,177 shares of company stock valued at $16,403,728. 45.58% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC lifted its holdings in Walmart by 5.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 728,090 shares of the retailer's stock valued at $65,783,000 after acquiring an additional 36,494 shares during the last quarter. Summit X LLC boosted its stake in Walmart by 1.2% during the fourth quarter. Summit X LLC now owns 33,427 shares of the retailer's stock worth $3,020,000 after buying an additional 397 shares during the period. Moors & Cabot Inc. raised its stake in shares of Walmart by 1.0% in the 4th quarter. Moors & Cabot Inc. now owns 274,306 shares of the retailer's stock valued at $24,784,000 after acquiring an additional 2,824 shares during the period. Warburton Capital Management LLC purchased a new position in shares of Walmart during the 4th quarter worth approximately $367,000. Finally, Natural Investments LLC purchased a new position in shares of Walmart during the fourth quarter worth $1,049,000. Hedge funds and other institutional investors 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.