Walmart (NYSE:WMT) had its price objective upped by stock analysts at Deutsche Bank from $118.00 to $120.00 in a research report issued to clients and investors on Friday, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the retailer’s stock. Deutsche Bank’s price objective suggests a potential upside of 17.87% from the company’s current price.
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 Saturday, January 19th. Morgan Stanley raised Walmart from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $107.00 to $110.00 in a research note on Wednesday, January 23rd. Tigress Financial reaffirmed a “hold” rating on shares of Walmart in a research note on Tuesday, January 29th. Buckingham Research started coverage on Walmart in a research note on Thursday, February 7th. They set a “neutral” rating and a $96.73 price objective on the stock. Finally, DZ Bank reaffirmed a “neutral” rating on shares of Walmart in a research note on Tuesday, February 19th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nineteen have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $107.13.
Shares of NYSE:WMT traded up $0.50 during midday trading on Friday, hitting $101.81. The company had a trading volume of 204,037 shares, compared to its average volume of 5,465,498. Walmart has a 12 month low of $81.78 and a 12 month high of $106.21. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $297.01 billion, a P/E ratio of 20.72, a P/E/G ratio of 4.59 and a beta of 0.36.
Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.11. Walmart had a return on equity of 18.60% and a net margin of 1.30%. The business had revenue of $122.95 billion for the quarter, compared to analyst estimates of $124.51 billion. During the same period last year, the company earned $1.14 EPS. The firm’s revenue was up 1.1% on a year-over-year basis. As a group, equities research analysts expect that Walmart will post 4.76 earnings per share for the current year.
In related news, Director S Robson Walton sold 1,139,696 shares of Walmart stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $99.72, for a total value of $113,650,485.12. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider David Chojnowski sold 2,000 shares of Walmart stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $97.17, for a total value of $194,340.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,240,978 shares of company stock worth $1,406,078,670. 51.11% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Clarfeld Financial Advisors LLC bought a new position in Walmart during the fourth quarter worth about $25,000. Ironwood Financial llc bought a new position in Walmart during the fourth quarter worth about $26,000. Ipswich Investment Management Co. Inc. bought a new position in Walmart during the fourth quarter worth about $26,000. Massey Quick Simon & CO. LLC bought a new position in Walmart during the fourth quarter worth about $28,000. Finally, C J Advisory Inc bought a new position in Walmart during the first quarter worth about $29,000. 28.96% of the stock is currently owned by institutional investors and hedge funds.
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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