Walmart (NYSE:WMT) had its price target hoisted by research analysts at KeyCorp from $105.00 to $107.00 in a report issued on Friday. The brokerage presently has an “overweight” rating on the retailer’s stock. KeyCorp’s price target points to a potential upside of 9.35% from the stock’s current price. KeyCorp also issued estimates for Walmart’s Q1 2020 earnings at $1.10 EPS, Q2 2020 earnings at $1.26 EPS, Q3 2020 earnings at $1.03 EPS and Q4 2020 earnings at $1.37 EPS.

WMT has been the subject of a number of other reports. Telsey Advisory Group raised their price target on Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Friday. Royal Bank of Canada decreased their price target on Walmart to $168.00 and set a “market perform” rating for the company in a research note on Thursday, May 10th. Bank of America set a $98.00 price target on Walmart and gave the company a “buy” rating in a research note on Monday, June 4th. Credit Suisse Group set a $102.00 price target on Walmart and gave the company a “hold” rating in a research note on Tuesday, May 1st. Finally, Zacks Investment Research upgraded Walmart from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research note on Friday, May 4th. Nineteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $100.25.

Shares of Walmart stock opened at $97.85 on Friday. Walmart has a 52-week low of $77.50 and a 52-week high of $109.98. The company has a market capitalization of $267.15 billion, a P/E ratio of 22.14, a PEG ratio of 3.31 and a beta of 0.52. The company has a current ratio of 0.73, a quick ratio of 0.20 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.07. The firm had revenue of $127.06 billion during the quarter, compared to the consensus estimate of $124.67 billion. Walmart had a return on equity of 17.16% and a net margin of 1.77%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $1.08 earnings per share. research analysts forecast that Walmart will post 4.81 earnings per share for the current year.

In related news, Director S Robson Walton sold 1,190,271 shares of the business’s stock in a transaction on Wednesday, June 6th. The stock was sold at an average price of $84.65, for a total value of $100,756,440.15. Following the completion of the sale, the director now directly owns 3,347,254 shares in the company, valued at approximately $283,345,051.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Jim C. Walton sold 592,155 shares of the business’s stock in a transaction on Tuesday, June 5th. The shares were sold at an average price of $84.64, for a total value of $50,119,999.20. Following the completion of the sale, the insider now owns 10,507,224 shares of the company’s stock, valued at $889,331,439.36. The disclosure for this sale can be found here. Insiders sold a total of 8,792,256 shares of company stock valued at $740,486,626 over the last 90 days. 51.11% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GHP Investment Advisors Inc. raised its holdings in Walmart by 8.6% in the 2nd quarter. GHP Investment Advisors Inc. now owns 21,874 shares of the retailer’s stock valued at $1,873,000 after acquiring an additional 1,730 shares in the last quarter. Global X Management Co LLC raised its holdings in shares of Walmart by 14.6% during the 2nd quarter. Global X Management Co LLC now owns 21,209 shares of the retailer’s stock worth $1,817,000 after buying an additional 2,703 shares in the last quarter. Carnegie Capital Asset Management LLC raised its holdings in shares of Walmart by 11.3% during the 2nd quarter. Carnegie Capital Asset Management LLC now owns 17,726 shares of the retailer’s stock worth $1,592,000 after buying an additional 1,803 shares in the last quarter. WealthPLAN Partners LLC raised its holdings in shares of Walmart by 30.2% during the 2nd quarter. WealthPLAN Partners LLC now owns 37,948 shares of the retailer’s stock worth $3,250,000 after buying an additional 8,795 shares in the last quarter. Finally, Amussen Hunsaker Associates LLC acquired a new position in shares of Walmart during the 2nd quarter worth $152,000. 29.68% of the stock is owned by hedge funds and other institutional investors.

Walmart Company Profile

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.

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Analyst Recommendations for Walmart (NYSE:WMT)

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