Walmart logo” title=”Walmart logo” class=”companylogo”/>Shares of Walmart Inc. ((NYSE:WMT)) have earned a consensus rating of “Buy” from the forty-two brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-seven have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $151.44.
WMT has been the subject of a number of analyst reports. Morgan Stanley lifted their target price on shares of Walmart from $150.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, November 18th. Credit Suisse Group set a $157.00 price target on shares of Walmart and gave the stock a “buy” rating in a research report on Tuesday, November 17th. Robert W. Baird lifted their price target on shares of Walmart from $150.00 to $165.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 17th. Royal Bank of Canada set a $170.00 price target on shares of Walmart and gave the stock a “buy” rating in a research report on Monday, December 28th. Finally, Raymond James lifted their price target on shares of Walmart from $145.00 to $165.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 18th.
In other news, major shareholder Jim C. Walton sold 260,000 shares of the business’s stock in a transaction dated Wednesday, November 25th. The shares were sold at an average price of $150.41, for a total transaction of $39,106,600.00. Also, EVP Judith J. Mckenna sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 18th. The stock was sold at an average price of $150.49, for a total transaction of $1,504,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 9,475,000 shares of company stock worth $1,388,575,145 over the last 90 days. 50.43% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Banque Pictet & Cie SA acquired a new position in Walmart in the 3rd quarter valued at about $224,000. LPL Financial LLC grew its stake in Walmart by 1.5% in the 3rd quarter. LPL Financial LLC now owns 828,101 shares of the retailer’s stock valued at $115,860,000 after buying an additional 12,078 shares during the last quarter. Mission Wealth Management LP grew its stake in Walmart by 13.9% in the 3rd quarter. Mission Wealth Management LP now owns 10,746 shares of the retailer’s stock valued at $1,504,000 after buying an additional 1,312 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in Walmart by 26.6% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 52,856 shares of the retailer’s stock valued at $7,395,000 after buying an additional 11,094 shares during the last quarter. Finally, Fortis Group Advisors LLC acquired a new position in Walmart in the 3rd quarter valued at about $1,643,000. Institutional investors and hedge funds own 29.34% of the company’s stock.
WMT opened at $144.15 on Friday. The company has a fifty day moving average price of $148.12 and a two-hundred day moving average price of $137.87. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.29 and a current ratio of 0.79. Walmart has a 52 week low of $102.00 and a 52 week high of $153.66. The firm has a market capitalization of $407.84 billion, a PE ratio of 22.99, a P/E/G ratio of 4.86 and a beta of 0.27.
Walmart ((NYSE:WMT)) last released its earnings results on Monday, November 16th. The retailer reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.16. Walmart had a net margin of 3.30% and a return on equity of 19.13%. The firm had revenue of $134.71 billion during the quarter, compared to analyst estimates of $133 billion. During the same quarter in the previous year, the business earned $1.16 EPS. Equities analysts forecast that Walmart will post 5.35 EPS for the current year.
About Walmart
Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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