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

by · The Cerbat Gem

Walmart (NYSE:WMT – Free Report) had its price objective upped by UBS Group from $81.00 to $92.00 in a report published on Friday morning, Benzinga reports. They currently have a buy rating on the retailer’s stock.

Several other brokerages have also weighed in on WMT. Robert W. Baird boosted their price objective on Walmart from $82.00 to $90.00 and gave the company an outperform rating in a report on Monday, September 30th. Telsey Advisory Group boosted their price objective on Walmart from $82.00 to $92.00 and gave the company an outperform rating in a report on Tuesday, October 8th. Guggenheim boosted their price objective on Walmart from $75.00 to $81.00 and gave the company a buy rating in a report on Friday, August 16th. JPMorgan Chase & Co. upped their target price on Walmart from $81.00 to $83.00 and gave the company an overweight rating in a report on Friday, August 16th. Finally, Citigroup upped their target price on Walmart from $75.00 to $98.00 and gave the company a buy rating in a report on Friday, September 27th. One equities research analyst has rated the stock with a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Buy and an average price target of $82.96.

View Our Latest Stock Report on Walmart

Walmart Trading Up 0.3 %

NYSE:WMT opened at $80.33 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.22 and a current ratio of 0.80. Walmart has a one year low of $49.85 and a one year high of $81.60. The business’s 50-day simple moving average is $76.80 and its 200 day simple moving average is $69.07. The stock has a market cap 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 – Get Free Report) last released its quarterly earnings results on Thursday, August 15th. The retailer reported $0.67 EPS for the quarter, topping the consensus estimate of $0.65 by $0.02. The business had revenue of $169.30 billion for the quarter, compared to analysts’ expectations of $168.56 billion. Walmart had a return on equity of 21.72% and a net margin of 2.34%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 earnings per share. As a group, sell-side analysts predict that Walmart will post 2.44 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $80.76, for a total transaction of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares in the company, valued at approximately $37,113,904.08. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $80.97, for a total value of $242,910.00. Following the completion of the sale, the executive vice president now owns 381,165 shares in the company, valued at $30,862,930.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Bartlett sold 2,063 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $80.76, for a total value of $166,607.88. Following the completion of the sale, the executive vice president now owns 459,558 shares of the company’s stock, valued at $37,113,904.08. The trade was a 0.00 % decrease in their position. 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 Trading of Walmart

A number of hedge funds have recently modified their holdings of WMT. Able Wealth Management LLC acquired a new position in shares of Walmart in the fourth quarter worth $30,000. Hoese & Co LLP acquired a new position in shares of Walmart in the third quarter worth $33,000. EntryPoint Capital LLC acquired a new position in shares of Walmart in the first quarter worth $25,000. TruNorth Capital Management LLC increased its stake in shares of Walmart by 138.3% in the second quarter. TruNorth Capital Management LLC now owns 429 shares of the retailer’s stock worth $29,000 after acquiring an additional 249 shares during the last quarter. Finally, Cultivar Capital Inc. acquired a new position in shares of Walmart in the second quarter worth $29,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Company Profile

(Get Free Report)

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.

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