Walmart (NYSE:WMT) PT Raised to $69.00 at UBS Group

Walmart (NYSE:WMT) had its price target raised by UBS Group from $63.00 to $69.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the retailer’s stock. UBS Group’s price target points to a potential upside of 14.16% from the company’s current price.

A number of other research analysts have also recently weighed in on the company. Stifel Nicolaus restated a “hold” rating on shares of Walmart in a research report on Wednesday, March 13th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 21st. Stifel Europe raised their target price on shares of Walmart from $56.33 to $58.33 in a research report on Friday, February 16th. Evercore ISI dropped their price objective on shares of Walmart from $67.00 to $66.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Walmart from $62.00 to $63.33 and gave the stock a “buy” rating in a research report on Friday, February 16th. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $61.94.

Walmart Stock Performance

Shares of WMT stock traded up $0.57 during mid-day trading on Tuesday, hitting $60.44. The stock had a trading volume of 6,132,331 shares, compared to its average volume of 18,367,148. The firm has a market cap of $487.03 billion, a PE ratio of 31.62, a PEG ratio of 3.91 and a beta of 0.49. The company’s 50-day simple moving average is $60.06 and its 200-day simple moving average is $56.06. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.83 and a quick ratio of 0.24. Walmart has a fifty-two week low of $48.34 and a fifty-two week high of $61.65.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The business had revenue of $173.40 billion during the quarter, compared to the consensus estimate of $170.85 billion. During the same period in the prior year, the business posted $0.57 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Sell-side analysts anticipate that Walmart will post 2.36 earnings per share for the current year.

Insider Activity at Walmart

In other Walmart news, SVP David Chojnowski sold 10,950 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $58.33, for a total value of $638,750.00. Following the completion of the sale, the senior vice president now directly owns 104,346 shares of the company’s stock, valued at approximately $6,086,850. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP David Chojnowski sold 10,950 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $58.33, for a total transaction of $638,750.00. Following the sale, the senior vice president now directly owns 104,346 shares of the company’s stock, valued at $6,086,850. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total value of $177,240.00. Following the transaction, the executive vice president now directly owns 521,613 shares in the company, valued at $30,816,896.04. The disclosure for this sale can be found here. Insiders have sold 29,019,140 shares of company stock worth $1,696,045,631 over the last quarter. 46.51% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Walmart

Several hedge funds have recently modified their holdings of WMT. Authentikos Wealth Advisory LLC bought a new position in Walmart during the third quarter valued at about $25,000. Northwest Capital Management Inc boosted its position in shares of Walmart by 199.3% in the 1st quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after purchasing an additional 293 shares during the last quarter. Partnership Wealth Management LLC acquired a new stake in shares of Walmart during the fourth quarter worth $30,000. Able Wealth Management LLC acquired a new stake in shares of Walmart in the 4th quarter valued at approximately $30,000. Finally, Vermillion & White Wealth Management Group LLC acquired a new stake in Walmart in the fourth quarter worth $32,000. 26.76% of the stock is 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.