Walmart (NYSE:WMT) Price Target Raised to $120.00

Walmart (NYSE:WMT) had its target price upped by Citigroup from $98.00 to $120.00 in a research report report published on Tuesday,Benzinga reports. They currently have a buy rating on the retailer’s stock.

WMT has been the topic of a number of other reports. Robert W. Baird boosted their price objective on shares of Walmart from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Truist Financial boosted their price target on shares of Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Stifel Nicolaus increased their price objective on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Evercore ISI boosted their target price on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Finally, Roth Mkm upped their target price on Walmart from $81.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $98.85.

Walmart Price Performance

WMT opened at $105.10 on Tuesday. The firm has a market capitalization of $844.29 billion, a P/E ratio of 43.13, a PEG ratio of 4.25 and a beta of 0.55. The stock has a fifty day moving average of $94.63 and a 200-day moving average of $84.95. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. Walmart has a 12-month low of $55.85 and a 12-month high of $105.24.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. During the same period in the prior year, the business earned $0.51 EPS. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts forecast that Walmart will post 2.48 EPS for the current fiscal year.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 over the last three months. 45.58% of the stock is currently owned by company insiders.

Institutional Trading of Walmart

Institutional investors and hedge funds have recently modified their holdings of the stock. FPC Investment Advisory Inc. bought a new stake in shares of Walmart in the fourth quarter worth about $25,000. Peterson Financial Group Inc. acquired a new position in shares of Walmart in the 3rd quarter valued at approximately $26,000. Horizon Financial Services LLC increased its stake in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in Walmart during the 4th quarter worth approximately $27,000. Finally, Voisard Asset Management Group Inc. lifted its stake in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares in the last quarter. 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.