Deutsche Bank upgraded shares of Walmart (NYSE:WMT) from a hold rating to a buy rating in a research note issued to investors on Tuesday, MarketBeat.com reports. Deutsche Bank currently has $113.00 price objective on the retailer’s stock, up from their prior price objective of $89.00.
Several other equities research analysts also recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Walmart to $108.00 and gave the stock a neutral rating in a research report on Monday, October 8th. BMO Capital Markets started coverage on shares of Walmart in a research report on Monday, September 17th. They set an outperform rating and a $110.00 target price on the stock. Wells Fargo & Co reiterated a neutral rating and set a $95.00 target price on shares of Walmart in a research report on Thursday, August 16th. Jefferies Financial Group set a $112.00 target price on shares of Walmart and gave the stock a buy rating in a research report on Monday, August 27th. Finally, Morgan Stanley reiterated a hold rating on shares of Walmart in a research report on Friday, August 17th. Eighteen equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $102.37.
NYSE:WMT opened at $94.81 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 0.93. Walmart has a one year low of $81.78 and a one year high of $109.98. The company has a market cap of $278.20 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 3.30 and a beta of 0.52.
Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 16th. The retailer reported $1.29 EPS for the quarter, topping the consensus estimate of $1.22 by $0.07. Walmart had a net margin of 1.02% and a return on equity of 18.16%. The business had revenue of $127.06 billion for the quarter, compared to the consensus estimate of $124.67 billion. During the same period last year, the company earned $1.08 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. On average, analysts expect that Walmart will post 4.81 earnings per share for the current fiscal year.
In other news, insider Jacqueline P. Canney sold 1,575 shares of Walmart stock in a transaction on Friday, August 31st. The shares were 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 in the company, valued at approximately $5,468,712.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Jim C. Walton sold 2,009,792 shares of Walmart stock in a transaction on Friday, September 28th. The shares were sold at an average price of $94.63, for a total transaction of $190,186,616.96. Following the completion of the sale, the insider now owns 10,557,224 shares of the company’s stock, valued at approximately $999,030,107.12. The disclosure for this sale can be found here. Insiders sold a total of 10,199,130 shares of company stock valued at $976,228,654 in the last quarter. 51.11% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. bought a new stake in Walmart during the 2nd quarter valued at $111,000. Stelac Advisory Services LLC bought a new stake in Walmart during the 1st quarter valued at $126,000. Amussen Hunsaker Associates LLC bought a new stake in Walmart during the 2nd quarter valued at $152,000. ELM Advisors LLC bought a new stake in Walmart during the 3rd quarter valued at $152,000. Finally, Kiley Juergens Wealth Management LLC bought a new stake in Walmart during the 2nd quarter valued at $165,000. Institutional investors own 29.32% of the company’s stock.
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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