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

Walmart (NYSE:WMT) had its price objective boosted by Citigroup from $98.00 to $120.00 in a report issued on Tuesday,Benzinga reports. Citigroup currently has a buy rating on the retailer’s stock.

Several other brokerages also recently commented on WMT. Wells Fargo & Company raised their price objective on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Barclays raised their price target on Walmart from $90.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Truist Financial boosted their price objective on Walmart from $89.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Jefferies Financial Group raised their target price on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $98.08.

Walmart Trading Down 0.5 %

NYSE WMT opened at $102.45 on Tuesday. 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 has a 12 month low of $55.85 and a 12 month high of $103.11. The company has a market capitalization of $822.98 billion, a PE ratio of 42.04, a P/E/G ratio of 4.25 and a beta of 0.55. The stock has a 50-day simple moving average of $94.27 and a 200 day simple moving average of $84.59.

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

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction that occurred on Wednesday, January 15th. The stock was 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 directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was purchased at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the acquisition, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 175,177 shares of company stock worth $16,403,728 over the last quarter. Company insiders own 45.58% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in WMT. Brophy Wealth Management LLC acquired a new position in Walmart in the 3rd quarter valued at $2,072,000. Bank of New Hampshire lifted its position in Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after purchasing an additional 5,786 shares during the period. Iowa State Bank grew its stake in Walmart by 213.8% during the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after buying an additional 18,263 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Walmart by 4.6% in the 3rd 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 during the period. Finally, Virtu Financial LLC acquired a new position in shares of Walmart in the 3rd quarter valued at approximately $541,000. 26.76% of the stock is 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.