Walmart (NYSE:WMT) Given New $86.00 Price Target at KeyCorp

Walmart (NYSE:WMT) had its price objective upped by stock analysts at KeyCorp from $82.00 to $86.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the retailer’s stock. KeyCorp’s price objective suggests a potential upside of 7.37% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. UBS Group raised their price objective on Walmart from $81.00 to $92.00 and gave the company a “buy” rating in a research note on Friday. Jefferies Financial Group raised their price target on shares of Walmart from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Wells Fargo & Company upped their price objective on shares of Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th. Finally, Barclays upped their target price on Walmart from $66.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Walmart has an average rating of “Buy” and a consensus price target of $82.96.

Walmart Trading Up 0.6 %

NYSE:WMT opened at $80.10 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. Walmart has a one year low of $49.85 and a one year high of $81.60. The company has a market cap of $644.29 billion, a PE ratio of 34.23, a PEG ratio of 3.99 and a beta of 0.51. The firm has a 50-day moving average of $76.55 and a 200-day moving average of $68.93.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The firm had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. During the same period in the previous year, the company posted $0.61 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities research analysts expect that Walmart will post 2.44 EPS for the current fiscal year.

Insider Activity

In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total transaction of $242,910.00. Following the completion of the sale, the executive vice president now owns 381,165 shares of the company’s stock, valued at approximately $30,862,930.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walmart news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $80.97, for a total transaction of $242,910.00. Following the completion of the sale, the executive vice president now directly owns 381,165 shares in the company, valued at $30,862,930.05. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $81.04, for a total transaction of $1,063,650.00. Following the completion of the transaction, the executive vice president now directly owns 606,165 shares in the company, valued at $49,123,611.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,335,272 shares of company stock worth $958,101,276 in the last three months. Corporate insiders own 45.58% of the company’s stock.

Hedge Funds Weigh In On Walmart

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Professional Financial Advisors LLC lifted its position in Walmart by 0.6% in the 3rd quarter. Professional Financial Advisors LLC now owns 21,839 shares of the retailer’s stock worth $1,763,000 after buying an additional 137 shares during the last quarter. Trust Co of the South lifted its holdings in shares of Walmart by 0.5% in the 3rd quarter. Trust Co of the South now owns 25,647 shares of the retailer’s stock worth $2,071,000 after acquiring an additional 138 shares during the last quarter. LVZ Inc. boosted its stake in shares of Walmart by 1.9% in the 2nd quarter. LVZ Inc. now owns 7,824 shares of the retailer’s stock valued at $530,000 after purchasing an additional 143 shares in the last quarter. Delta Investment Management LLC grew its holdings in shares of Walmart by 0.4% during the 2nd quarter. Delta Investment Management LLC now owns 41,813 shares of the retailer’s stock valued at $2,831,000 after purchasing an additional 148 shares during the last quarter. Finally, Sage Rhino Capital LLC grew its holdings in shares of Walmart by 2.6% during the 2nd quarter. Sage Rhino Capital LLC now owns 5,893 shares of the retailer’s stock valued at $399,000 after purchasing an additional 149 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other 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.