Walmart (NYSE:WMT) had its price target upped by Guggenheim from $140.00 to $145.00 in a research note published on Monday, The Fly reports. They currently have a buy rating on the retailer’s stock.
Other equities analysts have also issued reports about the company. Bank of America lifted their price objective on Walmart from $140.00 to $145.00 and gave the stock a buy rating in a research note on Wednesday, May 13th. Deutsche Bank lifted their target price on Walmart from $134.00 to $139.00 and gave the stock a buy rating in a report on Wednesday, May 20th. Cleveland Research upgraded Walmart from a neutral rating to a buy rating in a report on Tuesday, March 24th. Raymond James lifted their target price on Walmart from $130.00 to $135.00 and gave the stock an outperform rating in a report on Wednesday, May 20th. Finally, Zacks Investment Research downgraded Walmart from a buy rating to a hold rating and set a $130.00 target price for the company. in a report on Monday, May 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $132.45.
Walmart stock opened at $120.30 on Monday. The stock’s 50 day moving average is $122.50 and its 200 day moving average is $119.40. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.77 and a quick ratio of 0.27. The firm has a market cap of $343.08 billion, a P/E ratio of 22.87, a P/E/G ratio of 4.65 and a beta of 0.30. Walmart has a one year low of $102.00 and a one year high of $133.38.
Walmart (NYSE:WMT) last posted its quarterly earnings data on Tuesday, May 19th. The retailer reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.06. The company had revenue of $134.62 billion for the quarter, compared to analyst estimates of $130.91 billion. Walmart had a return on equity of 18.33% and a net margin of 2.81%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.13 earnings per share. Equities analysts anticipate that Walmart will post 4.93 earnings per share for the current fiscal year.
In related news, EVP Marc E. Lore sold 85,000 shares of Walmart stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $120.89, for a total transaction of $10,275,650.00. Following the transaction, the executive vice president now owns 2,075,532 shares of the company’s stock, valued at $250,911,063.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kathryn J. Mclay sold 7,324 shares of Walmart stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $126.00, for a total value of $922,824.00. Following the transaction, the executive vice president now directly owns 51,526 shares in the company, valued at approximately $6,492,276. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 262,324 shares of company stock worth $32,581,924. 50.22% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of WMT. Sofos Investments Inc. boosted its position in Walmart by 581.4% in the first quarter. Sofos Investments Inc. now owns 1,206 shares of the retailer’s stock worth $25,000 after purchasing an additional 1,029 shares during the last quarter. Joseph P. Lucia & Associates LLC boosted its position in Walmart by 75.6% in the first quarter. Joseph P. Lucia & Associates LLC now owns 230 shares of the retailer’s stock worth $26,000 after purchasing an additional 99 shares during the last quarter. Bainco International Investors purchased a new position in Walmart in the first quarter worth $35,000. MBM Wealth Consultants LLC boosted its position in Walmart by 197.2% in the fourth quarter. MBM Wealth Consultants LLC now owns 315 shares of the retailer’s stock worth $37,000 after purchasing an additional 209 shares during the last quarter. Finally, RMR Wealth Builders purchased a new position in Walmart in the fourth quarter worth $42,000. 29.97% 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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