Guggenheim reissued their buy rating on shares of Walmart (NYSE:WMT) in a report published on Thursday, The Fly reports. Guggenheim currently has a $135.00 price target on the retailer’s stock, up from their previous price target of $125.00.
Other equities research analysts have also recently issued research reports about the stock. KeyCorp raised their target price on shares of Walmart from $125.00 to $128.00 and gave the stock an overweight rating in a report on Friday, August 16th. Buckingham Research set a $109.00 target price on shares of Walmart and gave the stock a hold rating in a report on Friday, August 16th. Credit Suisse Group set a $105.00 target price on shares of Walmart and gave the stock a hold rating in a report on Thursday, August 15th. BMO Capital Markets raised their target price on shares of Walmart to $125.00 and gave the stock an outperform rating in a report on Friday, August 16th. Finally, UBS Group set a $115.00 target price on shares of Walmart and gave the stock a hold rating in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eighteen have assigned a buy rating to the company. Walmart has an average rating of Buy and an average price target of $121.99.
Shares of WMT traded down $1.78 on Thursday, hitting $118.87. 9,531,474 shares of the stock traded hands, compared to its average volume of 4,106,183. The company has a market capitalization of $344.10 billion, a PE ratio of 24.21, a P/E/G ratio of 5.19 and a beta of 0.39. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.76. The business has a 50 day simple moving average of $118.79 and a 200 day simple moving average of $111.76. Walmart has a one year low of $85.78 and a one year high of $125.38.
Walmart (NYSE:WMT) last issued its earnings results on Thursday, November 14th. The retailer reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.07. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The company had revenue of $126.98 billion for the quarter, compared to analysts’ expectations of $128.08 billion. During the same quarter last year, the company posted $1.08 earnings per share. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts expect that Walmart will post 4.93 earnings per share for the current year.
In related news, SVP David Chojnowski sold 3,680 shares of Walmart stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total transaction of $424,598.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John R. Furner sold 7,900 shares of Walmart stock in a transaction on Monday, August 19th. The shares were sold at an average price of $114.72, for a total transaction of $906,288.00. The disclosure for this sale can be found here. Company insiders own 51.11% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Walmart by 0.7% during the 2nd quarter. Vanguard Group Inc. now owns 130,107,288 shares of the retailer’s stock valued at $14,375,553,000 after buying an additional 920,813 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Walmart by 6.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 12,807,349 shares of the retailer’s stock valued at $1,415,084,000 after acquiring an additional 721,297 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Walmart by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,771,790 shares of the retailer’s stock valued at $1,300,665,000 after acquiring an additional 373,683 shares during the last quarter. Morgan Stanley increased its holdings in Walmart by 5.2% in the 2nd quarter. Morgan Stanley now owns 11,422,339 shares of the retailer’s stock valued at $1,262,053,000 after acquiring an additional 565,425 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in Walmart by 2.7% in the 3rd quarter. Fisher Asset Management LLC now owns 10,913,668 shares of the retailer’s stock valued at $1,295,234,000 after acquiring an additional 284,748 shares during the last quarter. Institutional investors own 30.13% 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, shoes.com, and samsclub.com; and mobile commerce applications.
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