Walmart (NYSE:WMT) Given New $112.00 Price Target at UBS Group

Walmart (NYSE:WMT) had its target price cut by UBS Group from $113.00 to $112.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the retailer’s stock.

Several other equities research analysts have also commented on WMT. Truist Financial boosted their price target on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Evercore ISI boosted their price target on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Bank of America upped their target price on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Citigroup upped their target price on shares of Walmart from $98.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $108.00 target price (up previously from $97.00) on shares of Walmart in a report on Friday. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $102.43.

Walmart Price Performance

Shares of NYSE WMT opened at $94.70 on Friday. The firm has a market cap of $760.77 billion, a PE ratio of 38.86, a PEG ratio of 4.40 and a beta of 0.55. The firm has a fifty day moving average of $95.63 and a 200 day moving average of $86.44. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart has a one year low of $57.77 and a one year high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.92% and a return on equity of 21.78%. As a group, research analysts predict that Walmart will post 2.48 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.99%. Walmart’s payout ratio is currently 34.02%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now owns 423,597 shares of the company’s stock, valued at $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John D. Rainey sold 38,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. This represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 176,777 shares of company stock valued at $16,570,112 over the last 90 days. 45.58% of the stock is owned by insiders.

Institutional Trading of Walmart

Hedge funds have recently made changes to their positions in the business. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the fourth quarter worth about $25,000. Horizon Financial Services LLC lifted its position in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the fourth quarter worth about $27,000. Peterson Financial Group Inc. purchased a new stake in shares of Walmart during the third quarter worth approximately $26,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Walmart during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

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.