Walmart (NYSE:WMT) Price Target Raised to $100.00 at Guggenheim

Walmart (NYSE:WMT) had its target price increased by Guggenheim from $90.00 to $100.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the retailer’s stock.

WMT has been the subject of a number of other research reports. Tigress Financial upped their target price on shares of Walmart from $75.00 to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada lifted their price objective on shares of Walmart from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday. Sanford C. Bernstein initiated coverage on shares of Walmart in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $95.00 price target for the company. Melius Research initiated coverage on shares of Walmart in a report on Monday, September 23rd. They set a “buy” rating and a $95.00 price objective for the company. Finally, KeyCorp lifted their price objective on shares of Walmart from $88.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Walmart currently has an average rating of “Buy” and a consensus price target of $91.51.

Walmart Price Performance

Shares of WMT opened at $87.18 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.85 and a debt-to-equity ratio of 0.56. The business’s fifty day moving average is $81.75 and its 200 day moving average is $73.43. Walmart has a 12-month low of $49.85 and a 12-month high of $88.29. The stock has a market cap of $700.77 billion, a P/E ratio of 35.78, a P/E/G ratio of 4.33 and a beta of 0.51.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, November 19th. The retailer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $169.59 billion during the quarter, compared to the consensus estimate of $167.69 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $0.51 EPS. Sell-side analysts anticipate that Walmart will post 2.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $77.48, for a total transaction of $232,440.00. Following the completion of the transaction, the executive vice president now owns 384,165 shares of the company’s stock, valued at $29,765,104.20. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the transaction, the chief executive officer now directly owns 3,873,053 shares of the company’s stock, valued at $312,322,993.92. This represents a 0.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,337,337 shares of company stock valued at $958,823,647 over the last three months. Company insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC acquired a new position in Walmart in the first quarter worth $25,000. Peterson Financial Group Inc. acquired a new stake in Walmart during the 3rd quarter worth approximately $26,000. TruNorth Capital Management LLC lifted its holdings in Walmart by 138.3% during the 2nd quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after purchasing an additional 249 shares during the last quarter. Cultivar Capital Inc. acquired a new stake in Walmart during the 2nd quarter worth approximately $29,000. Finally, FSA Wealth Management LLC increased its stake in Walmart by 253.0% during the 1st quarter. FSA Wealth Management LLC now owns 526 shares of the retailer’s stock worth $32,000 after acquiring an additional 377 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

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.