Walmart (NYSE:WMT) Given New $110.00 Price Target at KeyCorp

Walmart (NYSE:WMT - Get Free Report) had its price target hoisted by equities researchers at KeyCorp from $105.00 to $110.00 in a report released on Monday,Benzinga reports. The firm currently has an "overweight" rating on the retailer's stock. KeyCorp's target price would indicate a potential upside of 12.61% from the stock's previous close.

Other research analysts have also issued reports about the company. Piper Sandler raised their price target on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Raymond James lowered their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Royal Bank of Canada raised their price target on Walmart from $102.00 to $103.00 and gave the company an "outperform" rating in a report on Monday. Guggenheim reiterated a "buy" rating and issued a $100.00 price target on shares of Walmart in a research report on Monday, February 24th. Finally, Citigroup reiterated a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $105.35.

Walmart Stock Performance

Shares of WMT stock traded up $0.21 on Monday, hitting $97.68. 4,572,369 shares of the stock traded hands, compared to its average volume of 20,438,975. Walmart has a 1-year low of $65.90 and a 1-year high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The company's fifty day moving average is $94.71 and its 200 day moving average is $93.92. The company has a market capitalization of $781.52 billion, a PE ratio of 40.53, a PEG ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period last year, the company earned $0.60 earnings per share. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts predict that Walmart will post 2.55 earnings per share for the current fiscal year.

Insider Transactions at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the transaction, the executive vice president now owns 630,518 shares of the company's stock, valued at approximately $62,421,282. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,534 shares of company stock worth $12,833,664 over the last three months. 45.58% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Whelan Financial boosted its stake in Walmart by 2.3% in the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after buying an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in Walmart by 1.7% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock valued at $538,000 after acquiring an additional 98 shares during the period. Coyle Financial Counsel LLC grew its position in Walmart by 3.1% in the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock valued at $310,000 after acquiring an additional 102 shares during the period. Bedel Financial Consulting Inc. grew its position in Walmart by 0.4% in the first quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer's stock valued at $2,275,000 after acquiring an additional 102 shares during the period. Finally, SC&H Financial Advisors Inc. grew its position in Walmart by 1.0% in the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock valued at $924,000 after acquiring an additional 103 shares during the period. 26.76% of the stock is owned by institutional investors.

About Walmart

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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