BMO Capital Markets Boosts Walmart (NYSE:WMT) Price Target to $125.00

Walmart (NYSE:WMT) had its price target boosted by BMO Capital Markets to $125.00 in a research report sent to investors on Friday, The Fly reports. They currently have an outperform rating on the retailer’s stock.

WMT has been the topic of several other research reports. Bank of America set a $120.00 target price on Walmart and gave the stock a buy rating in a research report on Friday, May 17th. UBS Group boosted their target price on Walmart from $105.00 to $107.00 and gave the stock a neutral rating in a research report on Friday, May 17th. Daiwa Capital Markets upgraded Walmart from a neutral rating to an outperform rating in a report on Tuesday, May 21st. Wolfe Research lowered Walmart from a peer perform rating to an underperform rating in a research note on Wednesday, May 8th. Finally, Gordon Haskett raised Walmart from an accumulate rating to a buy rating and upped their target price for the company from $115.00 to $125.00 in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nineteen have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $113.28.

NYSE WMT opened at $112.99 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83. The business’s 50 day moving average is $111.36 and its two-hundred day moving average is $103.71. Walmart has a 12-month low of $85.78 and a 12-month high of $115.49. The stock has a market capitalization of $321.70 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 4.91 and a beta of 0.41.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.05. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The company had revenue of $130.40 billion for the quarter, compared to analysts’ expectations of $129.32 billion. During the same quarter in the previous year, the firm posted $1.29 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. Equities analysts forecast that Walmart will post 4.91 earnings per share for the current fiscal year.

In other Walmart news, Director S Robson Walton sold 1,322,329 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $102.04, for a total transaction of $134,930,451.16. Following the transaction, the director now owns 3,347,511 shares of the company’s stock, valued at approximately $341,580,022.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Jim C. Walton sold 1,014,826 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $105.33, for a total value of $106,891,622.58. Following the transaction, the insider now directly owns 17,502,080 shares in the company, valued at approximately $1,843,494,086.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,097,455 shares of company stock worth $321,872,581. Corporate insiders own 51.11% of the company’s stock.

Several institutional investors have recently modified their holdings of WMT. Lincoln Capital LLC increased its holdings in Walmart by 1.5% in the 2nd quarter. Lincoln Capital LLC now owns 6,546 shares of the retailer’s stock valued at $723,000 after purchasing an additional 94 shares in the last quarter. First National Bank of Hutchinson increased its holdings in Walmart by 1.5% in the 2nd quarter. First National Bank of Hutchinson now owns 6,598 shares of the retailer’s stock valued at $740,000 after purchasing an additional 96 shares in the last quarter. Dixon Hubard Feinour & Brown Inc. VA increased its holdings in Walmart by 2.1% in the 1st quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 4,814 shares of the retailer’s stock valued at $470,000 after purchasing an additional 97 shares in the last quarter. Savant Capital LLC increased its holdings in Walmart by 0.6% in the 2nd quarter. Savant Capital LLC now owns 17,409 shares of the retailer’s stock valued at $1,924,000 after purchasing an additional 97 shares in the last quarter. Finally, Lindbrook Capital LLC increased its holdings in Walmart by 2.7% in the 2nd quarter. Lindbrook Capital LLC now owns 3,751 shares of the retailer’s stock valued at $414,000 after purchasing an additional 98 shares in the last quarter. 30.05% of the stock is currently 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, shoes.com, and samsclub.com; and mobile commerce applications.

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