Walmart (NYSE:WMT) Price Target Raised to $105.00 at KeyCorp

Walmart (NYSE:WMT) had its target price raised by KeyCorp from $100.00 to $105.00 in a research report report published on Friday morning,Benzinga reports. KeyCorp currently has an overweight rating on the retailer’s stock.

WMT has been the topic of a number of other reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 price objective on shares of Walmart in a report on Friday. Oppenheimer lifted their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Robert W. Baird lifted their price objective on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Bank of America lifted their price objective on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.43.

Walmart Stock Performance

Shares of WMT stock opened at $94.70 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. The company has a market capitalization of $760.77 billion, a P/E ratio of 38.86, a price-to-earnings-growth ratio of 4.40 and a beta of 0.55. The company’s 50 day moving average price is $95.63 and its two-hundred day moving average price is $86.44. Walmart has a 52 week low of $57.77 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. On average, analysts expect that Walmart will post 2.48 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.99%. Walmart’s payout ratio is presently 34.02%.

Insider Activity

In other Walmart news, Director Robert Edward Jr. Moritz bought 5,446 shares of Walmart stock in a transaction dated Wednesday, November 27th. The stock was bought at an average price of $91.81 per share, with a total value of $499,997.26. Following the completion of the transaction, the director now owns 7,805 shares in the company, valued at $716,577.05. The trade was a 230.86 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $92.00, for a total value of $1,207,500.00. Following the completion of the transaction, the executive vice president now directly owns 579,915 shares of the company’s stock, valued at approximately $53,352,180. This trade represents a 2.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 176,777 shares of company stock valued at $16,570,112. 45.58% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Walmart by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock valued at $38,194,278,000 after purchasing an additional 2,050,683 shares in the last quarter. Geode Capital Management LLC raised its stake in Walmart by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock valued at $8,167,186,000 after purchasing an additional 3,017,829 shares in the last quarter. Norges Bank acquired a new position in Walmart in the fourth quarter valued at about $5,737,355,000. FMR LLC raised its stake in Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after purchasing an additional 7,200,004 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in Walmart by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock worth $4,408,452,000 after acquiring an additional 1,133,201 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

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.