Walmart (NYSE:WMT) Price Target Raised to $108.00 at Wells Fargo & Company

Walmart (NYSE:WMT) had its price objective upped by Wells Fargo & Company from $100.00 to $108.00 in a research report sent to investors on Monday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the retailer’s stock.

Several other analysts have also recently commented on WMT. Guggenheim increased their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Bank of America increased their price target on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley increased their price target on shares of Walmart from $100.00 to $106.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. BMO Capital Markets increased their price target on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $95.37.

Walmart Stock Performance

NYSE:WMT opened at $99.60 on Monday. Walmart has a 12-month low of $55.85 and a 12-month high of $99.79. The company has a quick ratio of 0.23, a current ratio of 0.85 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $800.13 billion, a PE ratio of 40.88, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55. The firm has a 50-day moving average price of $93.07 and a 200 day moving average price of $83.27.

Walmart (NYSE:WMT) last posted its quarterly earnings results 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. The firm had revenue of $169.59 billion during the quarter, compared to analyst estimates of $167.69 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 earnings per share. Research analysts anticipate that Walmart will post 2.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the 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 completion of the sale, the chief executive officer now directly owns 3,766,491 shares of the company’s stock, 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 a total of 137,177 shares of company stock valued at $12,649,328 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

Hedge funds have recently added to or reduced their stakes in the business. Brophy Wealth Management LLC bought a new stake in Walmart in the third quarter worth approximately $2,072,000. Bank of New Hampshire grew its stake in Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after acquiring an additional 5,786 shares during the period. Iowa State Bank grew its stake in Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after acquiring an additional 18,263 shares during the period. Fisher Asset Management LLC grew its stake in Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Walmart in the third quarter valued at approximately $541,000. 26.76% of the stock is currently 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.