Walmart (NYSE:WMT) had its price objective increased by Telsey Advisory Group from $130.00 to $132.00 in a research note issued to investors on Friday morning, Briefing.com Automated Import reports. The firm currently has an outperform rating on the retailer’s stock.
WMT has been the topic of a number of other research reports. Oppenheimer upped their target price on shares of Walmart from $108.00 to $125.00 and gave the company a market perform rating in a research note on Monday, November 4th. Royal Bank of Canada set a $124.00 price objective on shares of Walmart and gave the company a neutral rating in a research report on Thursday. Guggenheim reaffirmed a buy rating and set a $135.00 price objective (up previously from $125.00) on shares of Walmart in a research report on Thursday. Deutsche Bank set a $124.00 price objective on shares of Walmart and gave the company a buy rating in a research report on Friday, August 16th. Finally, UBS Group set a $115.00 price objective on shares of Walmart and gave the company a hold rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $122.17.
Shares of Walmart stock traded up $1.38 during trading on Friday, reaching $120.25. The company had a trading volume of 3,782,133 shares, compared to its average volume of 6,249,617. The company has a market cap of $343.16 billion, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 5.17 and a beta of 0.39. The firm’s fifty day moving average is $118.84 and its 200-day moving average is $112.03. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.81. Walmart has a fifty-two week low of $85.78 and a fifty-two week 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, beating analysts’ consensus estimates of $1.09 by $0.07. The business had revenue of $126.98 billion for the quarter, compared to analyst estimates of $128.08 billion. Walmart had a net margin of 2.77% and a return on equity of 18.47%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.08 EPS. On average, research analysts anticipate that Walmart will post 4.96 EPS for the current fiscal year.
In other Walmart news, SVP David Chojnowski sold 3,680 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total value of $424,598.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 50.22% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of WMT. Krane Funds Advisors LLC bought a new position in shares of Walmart in the second quarter valued at approximately $26,000. AllSquare Wealth Management LLC boosted its holdings in shares of Walmart by 235.3% in the second quarter. AllSquare Wealth Management LLC now owns 285 shares of the retailer’s stock valued at $31,000 after acquiring an additional 200 shares in the last quarter. Mcmillion Capital Management Inc. bought a new position in shares of Walmart in the second quarter valued at approximately $34,000. Shine Investment Advisory Services Inc. boosted its holdings in shares of Walmart by 181.7% in the third quarter. Shine Investment Advisory Services Inc. now owns 307 shares of the retailer’s stock valued at $36,000 after acquiring an additional 198 shares in the last quarter. Finally, Knuff & Co LLC bought a new position in shares of Walmart in the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 30.32% 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, shoes.com, and samsclub.com; and mobile commerce applications.
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