UBS Group Lowers Walmart (NYSE:WMT) Price Target to $110.00

Walmart (NYSE:WMT) had its price objective lowered by equities research analysts at UBS Group from $112.00 to $110.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the retailer’s stock. UBS Group’s target price suggests a potential upside of 18.52% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Evercore ISI reduced their price objective on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 price target on shares of Walmart in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Piper Sandler raised their target price on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $103.58.

Walmart Stock Up 2.4 %

NYSE WMT opened at $92.81 on Thursday. The company has a market cap of $744.03 billion, a price-to-earnings ratio of 38.51, a PEG ratio of 4.42 and a beta of 0.69. Walmart has a 1-year low of $58.56 and a 1-year high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $92.43 and a 200-day moving average of $89.88.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, equities research analysts expect that Walmart will post 2.55 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now directly owns 888,309 shares of the company’s stock, valued at $76,350,158.55. The trade was a 0.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the sale, the chief executive officer now owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 178,852 shares of company stock worth $16,785,080 over the last ninety days. 45.58% of the stock is owned by insiders.

Hedge Funds Weigh In On Walmart

Several institutional investors have recently added to or reduced their stakes in WMT. Norges Bank bought a new stake in shares of Walmart in the 4th quarter valued at $5,737,355,000. Raymond James Financial Inc. acquired a new stake in Walmart in the fourth quarter worth $2,306,627,000. GAMMA Investing LLC increased its stake in Walmart by 9,896.9% in the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer’s stock valued at $697,029,000 after purchasing an additional 7,860,306 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Walmart by 37.1% during the fourth quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer’s stock valued at $2,289,419,000 after purchasing an additional 6,860,189 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Walmart by 14.0% during the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock worth $2,893,079,000 after purchasing an additional 3,927,173 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.