Walmart (WMT) PT Raised to $120.00

Walmart (NYSE:WMT) had its price target raised by analysts at KeyCorp from $112.00 to $120.00 in a research report issued on Wednesday, The Fly reports. The firm presently has an “overweight” rating on the retailer’s stock. KeyCorp’s price target points to a potential upside of 20.74% from the company’s previous close. KeyCorp also issued estimates for Walmart’s Q3 2020 earnings at $1.07 EPS, FY2020 earnings at $4.71 EPS, Q1 2021 earnings at $1.06 EPS, Q2 2021 earnings at $1.27 EPS, Q3 2021 earnings at $1.09 EPS, Q4 2021 earnings at $1.43 EPS and FY2021 earnings at $4.86 EPS.

Several other equities analysts have also weighed in on WMT. Zacks Investment Research lowered shares of Walmart from a “buy” rating to a “hold” rating in a research report on Saturday, January 19th. Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 price target (up previously from $113.00) on shares of Walmart in a report on Wednesday. Buckingham Research began coverage on Walmart in a report on Thursday, February 7th. They set a “neutral” rating and a $96.73 price target on the stock. Guggenheim reiterated a “buy” rating and set a $115.00 price target on shares of Walmart in a report on Tuesday. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $108.00 price target on shares of Walmart in a report on Wednesday. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and seventeen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $106.20.

Get Walmart alerts:

Shares of WMT opened at $99.39 on Wednesday. The company has a market cap of $302.76 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 4.02 and a beta of 0.32. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.22 and a current ratio of 0.80. Walmart has a twelve month low of $81.78 and a twelve month high of $106.21.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, February 19th. The retailer reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.08. The firm had revenue of $137.74 billion for the quarter, compared to analyst estimates of $137.63 billion. Walmart had a net margin of 1.30% and a return on equity of 18.60%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 earnings per share. Analysts predict that Walmart will post 4.98 earnings per share for the current year.

In other news, major shareholder Alice L. Walton sold 275,000 shares of the firm’s stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $96.49, for a total value of $26,534,750.00. Following the sale, the insider now owns 6,748,580 shares in the company, valued at $651,170,484.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 500 shares of the firm’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of $92.00, for a total transaction of $46,000.00. Following the completion of the sale, the insider now owns 7,183,580 shares in the company, valued at approximately $660,889,360. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,271,004 shares of company stock worth $780,904,124. 51.11% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Quad Capital Management Advisors LLC acquired a new stake in Walmart during the fourth quarter worth $709,000. Lake Point Wealth Management acquired a new stake in Walmart during the fourth quarter worth $290,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund acquired a new stake in Walmart during the fourth quarter worth $764,000. HighPoint Advisor Group LLC boosted its stake in Walmart by 185.5% during the fourth quarter. HighPoint Advisor Group LLC now owns 108,407 shares of the retailer’s stock worth $8,068,000 after buying an additional 70,438 shares in the last quarter. Finally, WealthPLAN Partners LLC boosted its stake in Walmart by 8.0% during the fourth quarter. WealthPLAN Partners LLC now owns 42,958 shares of the retailer’s stock worth $4,295,000 after buying an additional 3,164 shares in the last quarter. Institutional investors and hedge funds own 28.96% of the company’s stock.

About Walmart

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

Recommended Story: What are Bollinger Bands?