Walmart (NYSE:WMT) Stock Rating Reaffirmed by KeyCorp

Walmart (NYSE:WMT)‘s stock had its “overweight” rating reissued by equities researchers at KeyCorp in a research note issued on Friday, The Fly reports. They currently have a $138.00 price target on the retailer’s stock, up from their previous price target of $128.00. KeyCorp’s price objective points to a potential upside of 16.09% from the company’s current price. KeyCorp also issued estimates for Walmart’s FY2020 earnings at $4.99 EPS, Q1 2021 earnings at $1.19 EPS, Q2 2021 earnings at $1.31 EPS, Q3 2021 earnings at $1.12 EPS, Q4 2021 earnings at $1.49 EPS and FY2021 earnings at $5.12 EPS.

A number of other brokerages also recently commented on WMT. JPMorgan Chase & Co. set a $130.00 target price on Walmart and gave the company a “neutral” rating in a research note on Thursday. Deutsche Bank set a $124.00 target price on shares of Walmart and gave the stock a “buy” rating in a research report on Friday, August 16th. Bank of America reissued a “buy” rating and set a $135.00 target price (up previously from $120.00) on shares of Walmart in a research report on Friday, August 16th. Credit Suisse Group set a $105.00 target price on shares of Walmart and gave the stock a “hold” rating in a research report on Thursday, August 15th. Finally, BMO Capital Markets boosted their target price on shares of Walmart to $125.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $122.17.

NYSE:WMT traded down $1.78 during mid-day trading on Friday, hitting $118.87. The company had a trading volume of 9,531,474 shares, compared to its average volume of 5,033,711. The firm has a market capitalization of $343.16 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 5.17 and a beta of 0.39. Walmart has a 1 year low of $85.78 and a 1 year high of $125.38. The business has a fifty day simple moving average of $118.79 and a 200-day simple moving average of $111.76. The company has a current ratio of 0.81, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 14th. The retailer reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.07. The business had revenue of $126.98 billion during the quarter, compared to the consensus estimate of $128.08 billion. Walmart had a return on equity of 18.47% and a net margin of 2.77%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $1.08 earnings per share. As a group, research analysts anticipate that Walmart will post 4.96 earnings per share for the current year.

In related news, SVP David Chojnowski sold 3,680 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total value of $424,598.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John R. Furner sold 7,900 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $114.72, for a total transaction of $906,288.00. The disclosure for this sale can be found here. 51.11% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of WMT. BerganKDV Wealth Management LLC boosted its holdings in shares of Walmart by 6.1% during the 2nd quarter. BerganKDV Wealth Management LLC now owns 18,298 shares of the retailer’s stock worth $2,022,000 after buying an additional 1,059 shares during the period. Centric Wealth Management raised its position in shares of Walmart by 6.6% in the 2nd quarter. Centric Wealth Management now owns 5,224 shares of the retailer’s stock worth $577,000 after purchasing an additional 322 shares during the last quarter. Carroll Financial Associates Inc. raised its position in Walmart by 35.0% in the 2nd quarter. Carroll Financial Associates Inc. now owns 14,406 shares of the retailer’s stock worth $1,591,000 after buying an additional 3,733 shares during the last quarter. Charter Trust Co. raised its position in Walmart by 0.7% in the 2nd quarter. Charter Trust Co. now owns 44,957 shares of the retailer’s stock worth $4,967,000 after buying an additional 301 shares during the last quarter. Finally, Outlook Wealth Advisors LLC purchased a new position in Walmart in the 2nd quarter worth about $238,000. 30.13% 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, shoes.com, and samsclub.com; and mobile commerce applications.

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Analyst Recommendations for Walmart (NYSE:WMT)

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