Barclays reaffirmed their buy rating on shares of Walmart (NYSE:WMT) in a research report report published on Tuesday morning. The brokerage currently has a $110.00 target price on the retailer’s stock.
Several other research analysts have also issued reports on WMT. Zacks Investment Research lowered Walmart from a buy rating to a hold rating in a research report on Monday, May 7th. Robert W. Baird reissued an outperform rating and issued a $95.00 target price on shares of Walmart in a research report on Wednesday, May 9th. ValuEngine lowered Walmart from a buy rating to a hold rating in a research report on Wednesday, May 9th. Telsey Advisory Group decreased their target price on Walmart from $110.00 to $105.00 and set an outperform rating for the company in a research report on Thursday, May 10th. Finally, Deutsche Bank decreased their target price on Walmart to $87.00 and set a hold rating for the company in a research report on Thursday, May 10th. Nineteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $100.89.
Shares of NYSE:WMT opened at $95.83 on Tuesday. Walmart has a 52-week low of $77.50 and a 52-week high of $109.98. The company has a market capitalization of $286.23 billion, a PE ratio of 21.76, a PEG ratio of 3.41 and a beta of 0.51. 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 announced its earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.07. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The firm had revenue of $127.06 billion during the quarter, compared to analyst estimates of $124.67 billion. During the same quarter in the prior year, the company earned $1.08 EPS. The business’s revenue was up 4.2% compared to the same quarter last year. equities research analysts forecast that Walmart will post 4.78 EPS for the current year.
In other Walmart news, Director S Robson Walton sold 1,106,272 shares of the stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $84.04, for a total transaction of $92,971,098.88. Following the sale, the director now directly owns 3,347,254 shares in the company, valued at approximately $281,303,226.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 510,893 shares of the stock in a transaction on Monday, June 18th. The shares were sold at an average price of $83.15, for a total value of $42,480,752.95. Following the sale, the insider now owns 6,748,580 shares in the company, valued at $561,144,427. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,659,544 shares of company stock worth $773,912,009. Company insiders own 51.11% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of WMT. Farmers & Merchants Investments Inc. boosted its stake in shares of Walmart by 0.4% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 152,035 shares of the retailer’s stock worth $13,022,000 after buying an additional 588 shares during the last quarter. Alpha Cubed Investments LLC boosted its stake in shares of Walmart by 22.1% in the 2nd quarter. Alpha Cubed Investments LLC now owns 3,279 shares of the retailer’s stock worth $281,000 after buying an additional 593 shares during the last quarter. Successful Portfolios LLC boosted its stake in shares of Walmart by 4.0% in the 2nd quarter. Successful Portfolios LLC now owns 15,529 shares of the retailer’s stock worth $1,330,000 after buying an additional 594 shares during the last quarter. Ahrens Investment Partners LLC boosted its stake in shares of Walmart by 14.9% in the 1st quarter. Ahrens Investment Partners LLC now owns 4,602 shares of the retailer’s stock worth $409,000 after buying an additional 597 shares during the last quarter. Finally, Catawba Capital Management VA boosted its stake in shares of Walmart by 20.8% in the 2nd quarter. Catawba Capital Management VA now owns 3,487 shares of the retailer’s stock worth $299,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 29.44% of the company’s stock.
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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