Jefferies Financial Group Increases Walmart (NYSE:WMT) Price Target to $111.00

Walmart (NYSE:WMT) had its target price increased by Jefferies Financial Group from $105.00 to $111.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the retailer’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 18.65% from the stock’s current price.

Several other equities research analysts have also recently commented on the company. Tigress Financial lifted their target price on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. DZ Bank cut Walmart from a “buy” rating to a “hold” rating and set a $91.00 price objective for the company. in a report on Thursday, November 21st. BMO Capital Markets raised their target price 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. Robert W. Baird boosted their price target on shares of Walmart from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Telsey Advisory Group raised their price objective on shares of Walmart from $92.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $93.69.

Walmart Trading Down 2.0 %

WMT stock opened at $93.55 on Tuesday. The business has a fifty day moving average price of $86.99 and a 200 day moving average price of $77.64. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. Walmart has a fifty-two week low of $51.21 and a fifty-two week high of $96.18. The stock has a market capitalization of $751.52 billion, a price-to-earnings ratio of 38.39, a P/E/G ratio of 4.47 and a beta of 0.54.

Walmart (NYSE:WMT) last released 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. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The business had revenue of $169.59 billion during the quarter, compared to analysts’ expectations of $167.69 billion. During the same period in the previous year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts expect that Walmart will post 2.47 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $92.47, for a total value of $277,410.00. Following the transaction, the executive vice president now directly owns 375,165 shares of the company’s stock, valued at $34,691,507.55. This represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $92.00, for a total transaction of $1,207,500.00. Following the sale, the executive vice president now directly owns 579,915 shares of the company’s stock, valued at $53,352,180. The trade was a 2.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,412 shares of company stock worth $12,228,259. Company insiders own 45.58% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WMT. Vicus Capital increased its stake in Walmart by 9.9% during the 2nd quarter. Vicus Capital now owns 8,631 shares of the retailer’s stock worth $584,000 after acquiring an additional 774 shares during the period. Oak Family Advisors LLC lifted its holdings in shares of Walmart by 1.1% during the 2nd quarter. Oak Family Advisors LLC now owns 114,045 shares of the retailer’s stock worth $7,722,000 after acquiring an additional 1,229 shares during the period. Kiley Juergens Wealth Management LLC boosted its position in shares of Walmart by 51.3% during the 2nd quarter. Kiley Juergens Wealth Management LLC now owns 23,183 shares of the retailer’s stock worth $1,570,000 after acquiring an additional 7,863 shares in the last quarter. GYL Financial Synergies LLC increased its stake in Walmart by 4.4% in the second quarter. GYL Financial Synergies LLC now owns 65,658 shares of the retailer’s stock valued at $4,446,000 after acquiring an additional 2,753 shares during the last quarter. Finally, Tevis Investment Management raised its position in Walmart by 0.9% during the second quarter. Tevis Investment Management now owns 19,083 shares of the retailer’s stock valued at $1,292,000 after purchasing an additional 165 shares in the last quarter. 26.76% of the stock is 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.