BMO Capital Markets began coverage on shares of Walmart (NYSE:WMT) in a research note issued to investors on Monday, September 17th, Marketbeat.com reports. The firm issued an outperform rating and a $110.00 price objective on the retailer’s stock.
Several other equities research analysts have also recently commented on WMT. Sanford C. Bernstein lowered their target price on Walmart from $104.00 to $100.00 and set a market perform rating for the company in a research note on Tuesday, May 29th. Credit Suisse Group set a $85.00 target price on Walmart and gave the company a hold rating in a research note on Tuesday, May 29th. Bank of America set a $98.00 price target on Walmart and gave the stock a buy rating in a research report on Monday, June 4th. Susquehanna Bancshares restated a positive rating and issued a $80.00 price target on shares of Walmart in a research report on Thursday, June 7th. Finally, Morgan Stanley restated a neutral rating and issued a $93.00 price target on shares of Walmart in a research report on Wednesday, June 13th. Eighteen investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Walmart currently has an average rating of Buy and a consensus price target of $102.37.
WMT stock traded up $0.89 during midday trading on Monday, reaching $94.81. 8,487,581 shares of the company’s stock traded hands, compared to its average volume of 9,387,817. Walmart has a 1-year low of $81.78 and a 1-year high of $109.98. The stock has a market capitalization of $278.20 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 3.30 and a beta of 0.52. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.93 and a quick ratio of 0.34.
Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.07. The firm had revenue of $127.06 billion during the quarter, compared to analysts’ expectations of $124.67 billion. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $1.08 EPS. On average, equities analysts expect that Walmart will post 4.81 earnings per share for the current fiscal year.
In related news, major shareholder Alice L. Walton sold 594,396 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $98.28, for a total value of $58,417,238.88. Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at $663,250,442.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director S Robson Walton sold 881,158 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $97.60, for a total value of $86,001,020.80. Following the completion of the sale, the director now owns 3,347,254 shares of the company’s stock, valued at $326,691,990.40. The disclosure for this sale can be found here. Insiders sold 10,199,130 shares of company stock worth $976,228,654 in the last ninety days. 51.11% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the stock. CSat Investment Advisory L.P. acquired a new position in shares of Walmart during the second quarter worth $111,000. Stelac Advisory Services LLC acquired a new position in shares of Walmart during the first quarter worth $126,000. Amussen Hunsaker Associates LLC acquired a new position in shares of Walmart during the second quarter worth $152,000. ELM Advisors LLC acquired a new position in shares of Walmart during the third quarter worth $152,000. Finally, Kiley Juergens Wealth Management LLC acquired a new position in shares of Walmart during the second quarter worth $165,000. Institutional investors and hedge funds own 29.32% of the company’s stock.
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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.
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