Walmart (NYSE:WMT) Given New $100.00 Price Target at Wells Fargo & Company

Walmart (NYSE:WMT - Get Free Report) had its target price raised by stock analysts at Wells Fargo & Company from $96.00 to $100.00 in a research note issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the retailer's stock. Wells Fargo & Company's target price points to a potential upside of 7.49% from the stock's current price.

Several other equities analysts have also recently commented on the company. Bank of America boosted their target price on Walmart from $95.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Melius Research started coverage on shares of Walmart in a research report on Monday, September 23rd. They issued a "buy" rating and a $95.00 target price on the stock. Stifel Nicolaus lifted their target price on shares of Walmart from $89.00 to $94.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. Evercore ISI lifted their price target on shares of Walmart from $94.00 to $96.00 and gave the company an "outperform" rating in a report on Tuesday, December 3rd. Finally, BMO Capital Markets upped their target price on Walmart from $80.00 to $100.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $94.08.

Walmart Stock Performance

Shares of WMT stock traded up $1.23 on Friday, hitting $93.03. 18,134,872 shares of the stock were exchanged, compared to its average volume of 13,832,559. Walmart has a one year low of $53.39 and a one year high of $96.18. The firm's 50 day moving average is $90.16 and its two-hundred day moving average is $80.29. The firm has a market capitalization of $747.35 billion, a PE ratio of 38.18, a P/E/G ratio of 4.47 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 (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. The company had revenue of $169.59 billion for the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 earnings per share. Sell-side analysts expect that Walmart will post 2.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the transaction, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 2,065 shares of Walmart stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $80.69, for a total value of $166,624.85. Following the completion of the sale, the executive vice president now directly owns 457,493 shares in the company, valued at $36,915,110.17. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 140,412 shares of company stock valued at $12,478,116. 45.58% of the stock is owned by company insiders.

Institutional Investors Weigh In On Walmart

Institutional investors have recently modified their holdings of the stock. Graypoint LLC boosted its position in shares of Walmart by 0.4% during the fourth quarter. Graypoint LLC now owns 73,203 shares of the retailer's stock valued at $6,614,000 after buying an additional 325 shares during the period. RMR Wealth Builders grew its position in Walmart by 8.0% in the 4th quarter. RMR Wealth Builders now owns 29,833 shares of the retailer's stock valued at $2,695,000 after acquiring an additional 2,215 shares during the last quarter. Lowe Wealth Advisors LLC increased its stake in Walmart by 13.5% in the fourth quarter. Lowe Wealth Advisors LLC now owns 1,018 shares of the retailer's stock worth $92,000 after purchasing an additional 121 shares during the period. Atlas Brown Inc. lifted its position in shares of Walmart by 1.2% during the fourth quarter. Atlas Brown Inc. now owns 19,765 shares of the retailer's stock worth $1,786,000 after purchasing an additional 235 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC boosted its stake in shares of Walmart by 4.3% during the fourth quarter. Heartwood Wealth Advisors LLC now owns 8,808 shares of the retailer's stock valued at $796,000 after purchasing an additional 360 shares during the period. 26.76% of the stock is owned by institutional investors.

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.