Walmart (NYSE:WMT) Price Target Increased to $86.00 by Analysts at KeyCorp

Walmart (NYSE:WMT) had its price objective hoisted by KeyCorp from $82.00 to $86.00 in a research note released on Monday morning, Benzinga reports. KeyCorp currently has an overweight rating on the retailer’s stock.

A number of other analysts have also issued reports on WMT. Piper Sandler restated an “overweight” rating and issued a $83.00 price target (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. Robert W. Baird boosted their target price on shares of Walmart from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Tigress Financial upped their target price on shares of Walmart from $75.00 to $86.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada lifted their price target on Walmart from $74.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Walmart from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $82.96.

Walmart Stock Performance

Shares of WMT stock opened at $80.90 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The company’s fifty day moving average price is $77.63 and its two-hundred day moving average price is $69.39. The firm has a market capitalization of $650.29 billion, a P/E ratio of 42.06, a P/E/G ratio of 4.02 and a beta of 0.51. Walmart has a 12 month low of $49.85 and a 12 month high of $81.82.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 earnings per share. On average, research analysts anticipate that Walmart will post 2.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder S Robson Walton sold 4,057,369 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $77.20, for a total value of $313,228,886.80. Following the completion of the transaction, the insider now directly owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, major shareholder S Robson Walton sold 4,057,369 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 611,988,318 shares in the company, valued at $47,245,498,149.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $70.61, for a total value of $2,056,445.64. Following the transaction, the chief executive officer now directly owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,337,337 shares of company stock valued at $958,267,901 over the last 90 days. 45.58% of the stock is currently owned by company insiders.

Institutional Trading of Walmart

A number of hedge funds and other institutional investors have recently made changes to their positions in WMT. Scarborough Advisors LLC acquired a new stake in Walmart during the 4th quarter valued at $155,000. Park National Corp OH lifted its position in shares of Walmart by 222.4% in the first quarter. Park National Corp OH now owns 28,062 shares of the retailer’s stock worth $1,688,000 after purchasing an additional 19,359 shares in the last quarter. Heartwood Wealth Advisors LLC boosted its holdings in shares of Walmart by 167.5% during the first quarter. Heartwood Wealth Advisors LLC now owns 4,104 shares of the retailer’s stock worth $247,000 after purchasing an additional 2,570 shares during the period. Avondale Wealth Management grew its position in Walmart by 205.7% during the first quarter. Avondale Wealth Management now owns 10,700 shares of the retailer’s stock valued at $644,000 after purchasing an additional 7,200 shares in the last quarter. Finally, Arden Trust Co increased its stake in Walmart by 200.0% in the 1st quarter. Arden Trust Co now owns 6,840 shares of the retailer’s stock valued at $412,000 after buying an additional 4,560 shares during the period. 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.