Goldman Sachs Group restated their buy rating on shares of Walmart (NYSE:WMT) in a research note released on Tuesday, Borsen Zeitung reports. Goldman Sachs Group currently has a $144.00 price target on the retailer’s stock.
Several other equities research analysts have also recently issued reports on the company. Cowen raised their price objective on Walmart from $140.00 to $145.00 and gave the stock an outperform rating in a report on Wednesday, May 20th. Stifel Nicolaus raised their price objective on Walmart from $117.00 to $125.00 and gave the stock a hold rating in a report on Wednesday, May 20th. Citigroup restated a buy rating and set a $140.00 price objective (up previously from $137.00) on shares of Walmart in a report on Thursday, April 23rd. Deutsche Bank reiterated a buy rating on shares of Walmart in a report on Wednesday, July 8th. Finally, Jefferies Financial Group reiterated a buy rating and issued a $141.00 target price on shares of Walmart in a report on Tuesday, June 16th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $139.12.
Walmart stock traded up $1.57 during mid-day trading on Tuesday, hitting $132.14. 192,649 shares of the company were exchanged, compared to its average volume of 7,627,693. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.79 and a quick ratio of 0.27. The business’s 50 day simple moving average is $129.56 and its two-hundred day simple moving average is $122.36. The company has a market capitalization of $375.21 billion, a P/E ratio of 21.10, a PEG ratio of 4.56 and a beta of 0.31. Walmart has a 12-month low of $102.00 and a 12-month high of $137.63.
Walmart (NYSE:WMT) last released its quarterly earnings results on Tuesday, August 18th. The retailer reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.31. The company had revenue of $137.70 billion during the quarter, compared to the consensus estimate of $133.77 billion. Walmart had a return on equity of 19.13% and a net margin of 3.30%. Walmart’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.27 earnings per share. Equities research analysts predict that Walmart will post 5.16 earnings per share for the current year.
In other news, SVP David Chojnowski sold 4,605 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $134.24, for a total transaction of $618,175.20. Following the completion of the transaction, the senior vice president now directly owns 30,620 shares of the company’s stock, valued at $4,110,428.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Marc E. Lore sold 85,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $123.34, for a total value of $10,483,900.00. Following the transaction, the executive vice president now directly owns 2,019,141 shares of the company’s stock, valued at $249,040,850.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 259,605 shares of company stock valued at $32,361,425. 50.43% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of WMT. Joseph P. Lucia & Associates LLC increased its position in Walmart by 75.6% in the 1st quarter. Joseph P. Lucia & Associates LLC now owns 230 shares of the retailer’s stock valued at $26,000 after acquiring an additional 99 shares during the period. Evolution Wealth Advisors LLC increased its holdings in Walmart by 640.6% during the second quarter. Evolution Wealth Advisors LLC now owns 237 shares of the retailer’s stock worth $28,000 after buying an additional 205 shares during the last quarter. Atlantic Trust LLC increased its stake in shares of Walmart by 42.0% in the second quarter. Atlantic Trust LLC now owns 284 shares of the retailer’s stock worth $34,000 after purchasing an additional 84 shares in the last quarter. Marquette Asset Management LLC purchased a new position in shares of Walmart in the second quarter worth about $34,000. Finally, Selective Wealth Management Inc. purchased a new position in shares of Walmart in the second quarter worth about $36,000. Institutional investors and hedge funds own 29.95% 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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