Walmart (NYSE:WMT) Coverage Initiated at Goldman Sachs Group

Goldman Sachs Group began coverage on shares of Walmart (NYSE:WMT) in a research note published on Thursday, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $123.00 price target on the retailer’s stock.

WMT has been the subject of a number of other research reports. Citigroup reduced their target price on GrafTech International from $21.00 to $17.00 and set a buy rating for the company in a report on Monday, April 1st. UBS Group set a $25.00 target price on Macy’s and gave the company a hold rating in a report on Friday, May 17th. Gordon Haskett raised W W Grainger from an underperform rating to a hold rating and set a $264.58 target price for the company in a report on Friday, May 17th. Morgan Stanley initiated coverage on in a report on Monday, June 17th. They set an equal weight rating and a GBX 215 ($2.81) target price for the company. Finally, Evercore ISI initiated coverage on Polarityte in a report on Wednesday, March 20th. They set an outperform rating and a $26.00 target price for the company. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty have issued a buy rating to the company. Walmart has an average rating of Buy and an average price target of $109.17.

Shares of WMT opened at $114.60 on Thursday. The business has a 50-day moving average price of $108.20. Walmart has a fifty-two week low of $85.78 and a fifty-two week high of $114.77. The stock has a market cap of $325.21 billion, a price-to-earnings ratio of 23.34, a P/E/G ratio of 4.98 and a beta of 0.41. The company has a current ratio of 0.77, a quick ratio of 0.21 and a debt-to-equity ratio of 0.89.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 16th. The retailer reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.11. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The company had revenue of $122.95 billion during the quarter, compared to analyst estimates of $124.51 billion. During the same quarter last year, the firm posted $1.14 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, sell-side analysts predict that Walmart will post 4.83 EPS for the current year.

In other news, insider Daniel J. Bartlett sold 3,000 shares of Walmart stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $109.14, for a total transaction of $327,420.00. Following the completion of the sale, the insider now owns 122,673 shares in the company, valued at approximately $13,388,531.22. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director S Robson Walton sold 1,322,329 shares of Walmart stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $102.04, for a total value of $134,930,451.16. Following the sale, the director now owns 3,347,511 shares of the company’s stock, valued at approximately $341,580,022.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,559,285 shares of company stock valued at $571,021,654. Corporate insiders own 51.11% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in WMT. Dixon Hubard Feinour & Brown Inc. VA lifted its position in Walmart by 2.1% in the first 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 during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its position in Walmart by 1.1% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 9,623 shares of the retailer’s stock valued at $939,000 after purchasing an additional 100 shares during the last quarter. Woodstock Corp lifted its position in Walmart by 0.3% in the second quarter. Woodstock Corp now owns 36,361 shares of the retailer’s stock valued at $4,018,000 after purchasing an additional 100 shares during the last quarter. Orrstown Financial Services Inc. lifted its position in Walmart by 20.8% in the second quarter. Orrstown Financial Services Inc. now owns 604 shares of the retailer’s stock valued at $67,000 after purchasing an additional 104 shares during the last quarter. Finally, Home Federal Bank of Tennessee lifted its position in Walmart by 1.3% in the first quarter. Home Federal Bank of Tennessee now owns 8,168 shares of the retailer’s stock valued at $797,000 after purchasing an additional 105 shares during the last quarter. Institutional investors own 29.89% of the company’s stock.

About Walmart

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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