Walmart (NYSE:WMT)‘s stock had its “buy” rating restated by investment analysts at Raymond James in a report issued on Monday. They currently have a $105.00 price objective on the retailer’s stock. Raymond James’ target price indicates a potential upside of 11.15% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Stephens set a $117.00 target price on Walmart and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley reissued a “neutral” rating and set a $107.00 price objective on shares of Walmart in a research report on Friday. Citigroup increased their price objective on shares of Walmart from $113.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday. Deutsche Bank increased their price objective on shares of Walmart from $112.00 to $116.00 and gave the stock a “buy” rating in a research report on Friday. Finally, KeyCorp increased their price objective on shares of Walmart from $107.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Walmart presently has an average rating of “Hold” and a consensus price target of $104.13.

Shares of NYSE:WMT traded down $2.31 during trading on Monday, reaching $94.47. 5,552,228 shares of the stock were exchanged, compared to its average volume of 10,006,661. The company has a quick ratio of 0.22, a current ratio of 0.81 and a debt-to-equity ratio of 0.63. The stock has a market cap of $289.40 billion, a PE ratio of 21.37, a P/E/G ratio of 4.01 and a beta of 0.35. Walmart has a 12 month low of $81.78 and a 12 month high of $109.98.

Walmart (NYSE:WMT) last released its earnings results on Thursday, November 15th. The retailer reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.06. Walmart had a return on equity of 18.36% and a net margin of 1.01%. The firm had revenue of $124.89 billion during the quarter, compared to analysts’ expectations of $124.86 billion. Equities research analysts expect that Walmart will post 4.79 earnings per share for the current year.

In related news, major shareholder Jim C. Walton sold 2,009,792 shares of the business’s stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $94.63, for a total transaction of $190,186,616.96. Following the sale, the insider now owns 10,557,224 shares of the company’s stock, valued at $999,030,107.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John R. Furner sold 9,623 shares of the business’s stock in a transaction dated Friday, September 28th. The stock was sold at an average price of $94.04, for a total transaction of $904,946.92. Following the sale, the insider now directly owns 165,402 shares in the company, valued at approximately $15,554,404.08. The disclosure for this sale can be found here. Insiders have sold 8,433,931 shares of company stock worth $803,955,004 in the last three months. 51.11% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. James Investment Research Inc. bought a new position in Walmart during the second quarter valued at approximately $27,182,000. Eagle Capital Management LLC bought a new position in Walmart during the second quarter valued at approximately $2,281,000. Heritage Investors Management Corp lifted its position in Walmart by 2.7% during the second quarter. Heritage Investors Management Corp now owns 233,610 shares of the retailer’s stock valued at $20,009,000 after purchasing an additional 6,244 shares during the period. Somerset Trust Co bought a new position in Walmart during the second quarter valued at approximately $1,678,000. Finally, Huntington National Bank lifted its position in Walmart by 10.3% during the second quarter. Huntington National Bank now owns 211,582 shares of the retailer’s stock valued at $18,122,000 after purchasing an additional 19,717 shares during the period. Hedge funds and other institutional investors own 29.09% 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, 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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Analyst Recommendations for Walmart (NYSE:WMT)

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