UBS Group Boosts Walmart (NYSE:WMT) Price Target to $92.00

Walmart (NYSE:WMT) had its price target hoisted by UBS Group from $81.00 to $92.00 in a research note released on Friday morning, Benzinga reports. The firm currently has a buy rating on the retailer’s stock.

WMT has been the subject of several other research reports. Redburn Atlantic upgraded shares of Walmart to a strong-buy rating in a research note on Monday, September 23rd. Piper Sandler reiterated an overweight rating and issued a $83.00 target price (up previously from $81.00) on shares of Walmart in a research note on Friday, August 16th. Morgan Stanley increased their target price on shares of Walmart from $75.00 to $82.00 and gave the company an overweight rating in a research note on Friday, August 16th. Tigress Financial raised their price target on shares of Walmart from $75.00 to $86.00 and gave the stock a buy rating in a research note on Tuesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Walmart from $77.00 to $83.00 and gave the stock a buy rating in a research note on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of Buy and an average price target of $82.96.

Walmart Stock Up 0.3 %

WMT stock opened at $80.33 on Friday. 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 52-week low of $49.85 and a 52-week high of $81.60. The company has a 50-day moving average of $76.80 and a two-hundred day moving average of $69.07. The stock has a market capitalization of $646.14 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 3.99 and a beta of 0.51.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Walmart had a net margin of 2.34% and a return on equity of 21.72%. The company had revenue of $169.30 billion during the quarter, compared to analysts’ expectations of $168.56 billion. During the same period in the prior year, the company earned $0.61 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Walmart will post 2.44 EPS for the current year.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.60, for a total value of $926,625.00. Following the transaction, the executive vice president now owns 632,415 shares of the company’s stock, valued at approximately $44,648,499. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.60, for a total value of $926,625.00. Following the completion of the sale, the executive vice president now directly owns 632,415 shares in the company, valued at $44,648,499. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $70.61, for a total value of $2,056,445.64. Following the completion of the sale, the chief executive officer now owns 3,931,301 shares of the company’s stock, valued at $277,589,163.61. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,335,272 shares of company stock worth $958,101,276. Insiders own 45.58% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of WMT. Vanguard Group Inc. increased its position in Walmart by 199.4% during the 1st quarter. Vanguard Group Inc. now owns 411,745,334 shares of the retailer’s stock worth $24,774,717,000 after buying an additional 274,229,968 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Walmart by 181.0% in the first 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 during the last quarter. Swiss National Bank boosted its holdings in Walmart by 187.4% in the first quarter. Swiss National Bank now owns 13,303,200 shares of the retailer’s stock valued at $800,454,000 after acquiring an additional 8,674,100 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Walmart by 284.0% in the first quarter. Canada Pension Plan Investment Board now owns 11,122,273 shares of the retailer’s stock valued at $669,227,000 after buying an additional 8,225,552 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Walmart by 184.1% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 12,567,533 shares of the retailer’s stock valued at $756,188,000 after buying an additional 8,144,393 shares during the period. 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.