Royal Bank of Canada Analysts Give Walmart (WMT) a $101.00 Price Target

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Royal Bank of Canada set a $101.00 price objective on Walmart (NYSE:WMT) in a report released on Monday. The firm currently has a neutral rating on the retailer’s stock.

A number of other analysts have also commented on WMT. Morningstar set a $96.00 target price on Walmart and gave the stock a neutral rating in a report on Thursday, August 30th. Stifel Nicolaus reissued a neutral rating and issued a $95.00 target price on shares of Walmart in a report on Friday, August 17th. ValuEngine lowered Walmart from a buy rating to a hold rating in a report on Wednesday, May 9th. Argus set a $112.00 target price on Walmart and gave the stock a buy rating in a report on Friday, August 17th. Finally, Oppenheimer set a $100.00 target price on Walmart and gave the stock a neutral rating in a report on Wednesday, August 22nd. Nineteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $100.89.

Shares of NYSE:WMT opened at $96.62 on Monday. The firm has a market cap of $283.97 billion, a price-to-earnings ratio of 21.86, a P/E/G ratio of 3.39 and a beta of 0.51. Walmart has a 12-month low of $77.50 and a 12-month high of $109.98. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.93 and a quick ratio of 0.34.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 16th. The retailer reported $1.29 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.07. The business had revenue of $127.06 billion during the quarter, compared to analyst estimates of $124.67 billion. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 EPS. research analysts anticipate that Walmart will post 4.78 EPS for the current year.

In related news, insider Jacqueline P. Canney sold 1,575 shares of Walmart stock in a transaction on Friday, August 31st. The stock was sold at an average price of $95.48, for a total value of $150,381.00. Following the completion of the sale, the insider now owns 57,276 shares of the company’s stock, valued at $5,468,712.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 1,499,270 shares of Walmart stock in a transaction on Friday, June 8th. The stock was sold at an average price of $84.86, for a total value of $127,228,052.20. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $572,684,498.80. The disclosure for this sale can be found here. Insiders sold 10,582,648 shares of company stock valued at $934,187,111 in the last ninety days. 51.11% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Farmers & Merchants Investments Inc. lifted its position in Walmart by 0.4% during the second quarter. Farmers & Merchants Investments Inc. now owns 152,035 shares of the retailer’s stock valued at $13,022,000 after purchasing an additional 588 shares in the last quarter. Alpha Cubed Investments LLC lifted its position in Walmart by 22.1% during the second quarter. Alpha Cubed Investments LLC now owns 3,279 shares of the retailer’s stock valued at $281,000 after purchasing an additional 593 shares in the last quarter. Successful Portfolios LLC lifted its position in Walmart by 4.0% during the second quarter. Successful Portfolios LLC now owns 15,529 shares of the retailer’s stock valued at $1,330,000 after purchasing an additional 594 shares in the last quarter. Ahrens Investment Partners LLC lifted its position in Walmart by 14.9% during the first quarter. Ahrens Investment Partners LLC now owns 4,602 shares of the retailer’s stock valued at $409,000 after purchasing an additional 597 shares in the last quarter. Finally, Catawba Capital Management VA lifted its position in Walmart by 20.8% during the second quarter. Catawba Capital Management VA now owns 3,487 shares of the retailer’s stock valued at $299,000 after purchasing an additional 600 shares in the last quarter. 29.43% of the stock is owned by 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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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Analyst Recommendations for Walmart (NYSE:WMT)

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