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

Walmart (NYSE:WMT - Get Free Report) had its price target increased by equities research analysts at UBS Group from $63.00 to $69.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the retailer's stock. UBS Group's price objective points to a potential upside of 13.86% from the company's current price.

Other research analysts also recently issued reports about the company. Oppenheimer cut their price objective on Walmart to $67.00 and set an "outperform" rating for the company in a research note on Monday, February 26th. StockNews.com upgraded shares of Walmart from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, February 21st. Stifel Europe upped their target price on shares of Walmart from $56.33 to $58.33 in a report on Friday, February 16th. Evercore ISI decreased their price target on Walmart from $67.00 to $66.00 and set an "outperform" rating on the stock in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. upped their price objective on Walmart from $54.33 to $58.67 and gave the stock a "neutral" rating in a research note on Monday, February 19th. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.94.

Walmart Stock Performance

WMT stock traded up $0.73 during midday trading on Tuesday, reaching $60.60. 14,517,142 shares of the company's stock traded hands, compared to its average volume of 18,471,379. The company has a current ratio of 0.83, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46. Walmart has a 52-week low of $48.34 and a 52-week high of $61.65. The stock has a market cap of $488.32 billion, a P/E ratio of 31.67, a PEG ratio of 3.91 and a beta of 0.49. The stock's 50-day moving average is $60.08 and its 200 day moving average is $56.12.

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

Insider Activity at Walmart

In other Walmart news, Director S Robson Walton sold 5,816,175 shares of the firm's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $57.95, for a total value of $337,066,728.50. Following the completion of the sale, the director now owns 677,052,654 shares of the company's stock, valued at $39,237,458,141.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Walmart news, Director S Robson Walton sold 5,816,175 shares of the company's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $57.95, for a total value of $337,066,728.50. Following the transaction, the director now owns 677,052,654 shares of the company's stock, valued at approximately $39,237,458,141.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $57.93, for a total value of $1,687,250.40. Following the sale, the chief executive officer now owns 4,076,892 shares of the company's stock, valued at $236,187,943.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,019,140 shares of company stock worth $1,696,045,631. Insiders own 46.51% of the company's stock.

Institutional Investors Weigh In On Walmart

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Walmart by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer's stock valued at $21,944,764,000 after purchasing an additional 751,713 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Walmart by 183.0% during the first quarter. Bank of New York Mellon Corp now owns 29,172,985 shares of the retailer's stock valued at $1,755,339,000 after buying an additional 18,865,484 shares during the period. Morgan Stanley raised its stake in Walmart by 1.8% in the third quarter. Morgan Stanley now owns 24,087,268 shares of the retailer's stock worth $3,852,277,000 after buying an additional 426,388 shares in the last quarter. Norges Bank purchased a new stake in Walmart during the fourth quarter worth $3,674,652,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Walmart by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 20,235,920 shares of the retailer's stock valued at $3,190,194,000 after acquiring an additional 2,150,351 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other 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.