KeyCorp Raises Walmart (NYSE:WMT) Price Target to $82.00

Walmart (NYSE:WMT) had its price objective boosted by equities researchers at KeyCorp from $75.00 to $82.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the retailer’s stock. KeyCorp’s price target would suggest a potential upside of 15.84% from the company’s current price.

A number of other research analysts also recently weighed in on WMT. HSBC increased their price target on Walmart from $70.00 to $81.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Evercore ISI boosted their target price on Walmart from $73.00 to $74.00 and gave the stock an “outperform” rating in a research report on Tuesday. DA Davidson lifted their price objective on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 20th. Finally, Morgan Stanley raised their price objective on shares of Walmart from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average price target of $71.09.

Walmart Trading Up 1.1 %

Shares of WMT traded up $0.80 during trading hours on Wednesday, hitting $70.79. 6,213,600 shares of the stock traded hands, compared to its average volume of 17,462,748. The business has a fifty day moving average of $66.33 and a 200-day moving average of $60.88. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $569.40 billion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 4.01 and a beta of 0.50. Walmart has a 1-year low of $49.85 and a 1-year high of $70.96.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. Analysts expect that Walmart will post 2.43 EPS for the current year.

Insider Activity

In other Walmart news, Director Timothy Patrick Flynn sold 30,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $64.82, for a total transaction of $1,944,600.00. Following the transaction, the director now owns 144,807 shares in the company, valued at approximately $9,386,389.74. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Walmart news, Director Timothy Patrick Flynn sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $64.82, for a total value of $1,944,600.00. Following the transaction, the director now directly owns 144,807 shares of the company’s stock, valued at approximately $9,386,389.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Alice L. Walton sold 3,633,800 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $66.80, for a total transaction of $242,737,840.00. Following the sale, the insider now directly owns 636,898,811 shares of the company’s stock, valued at approximately $42,544,840,574.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,525,340 shares of company stock worth $953,023,399. Corporate insiders own 45.58% of the company’s stock.

Institutional Trading of Walmart

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Walmart by 199.4% in the first quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock valued at $24,774,717,000 after buying an additional 274,229,968 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Walmart by 181.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,861,234 shares of the retailer’s stock valued at $3,421,342,000 after acquiring an additional 36,625,314 shares in the last quarter. Bank of New York Mellon Corp raised its position in Walmart by 183.0% in the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer’s stock valued at $1,755,339,000 after purchasing an additional 18,865,484 shares during the last quarter. Norges Bank acquired a new stake in shares of Walmart during the fourth quarter valued at about $3,674,652,000. Finally, Raymond James & Associates increased its stake in shares of Walmart by 212.6% in the first quarter. Raymond James & Associates now owns 14,035,473 shares of the retailer’s stock valued at $844,514,000 after buying an additional 9,544,958 shares during the period. 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.