UBS Group Increases Walmart (NYSE:WMT) Price Target to $113.00

Walmart (NYSE:WMT - Free Report) had its price objective increased by UBS Group from $100.00 to $113.00 in a research note published on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the retailer's stock.

Several other brokerages also recently issued reports on WMT. Morgan Stanley upped their price objective on shares of Walmart from $100.00 to $106.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Oppenheimer increased their price target on Walmart from $81.00 to $90.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Barclays lifted their price objective on Walmart from $90.00 to $98.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. Robert W. Baird increased their target price on Walmart from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company lifted their price target on Walmart from $96.00 to $100.00 and gave the company an "overweight" rating in a report on Friday, January 10th. Two 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $95.11.

Walmart Price Performance

NYSE:WMT traded down $0.68 during trading hours on Friday, reaching $97.97. 16,379,679 shares of the company traded hands, compared to its average volume of 15,055,752. Walmart has a 1-year low of $55.04 and a 1-year high of $99.00. The stock has a market cap of $787.00 billion, a P/E ratio of 40.20, a P/E/G ratio of 4.46 and a beta of 0.55. The firm's 50-day moving average is $92.91 and its 200-day moving average is $82.90. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23.

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, topping analysts' consensus estimates of $0.53 by $0.05. The firm 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%. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 EPS. Equities research analysts expect that Walmart will post 2.48 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the transaction, the chief executive officer now directly owns 3,766,491 shares of the company's stock, valued at $348,852,396.42. This represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the transaction, the executive vice president now owns 568,626 shares of the company's stock, valued at approximately $52,859,472.96. This trade represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,177 shares of company stock valued at $12,649,328. Corporate insiders own 45.58% of the company's stock.

Institutional Trading of Walmart

Several institutional investors have recently added to or reduced their stakes in WMT. Geode Capital Management LLC raised its stake in shares of Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer's stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares in the last quarter. FMR LLC increased its holdings in Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock valued at $5,098,203,000 after buying an additional 7,200,004 shares during the last quarter. Fisher Asset Management LLC raised its stake in Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer's stock valued at $3,848,533,000 after buying an additional 2,107,197 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Walmart by 3.7% during the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer's stock worth $3,392,658,000 after buying an additional 1,480,927 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Walmart by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer's stock worth $2,522,369,000 after acquiring an additional 350,881 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

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.