Stephens Reiterates $117.00 Price Target for Walmart (WMT)
Several other equities analysts also recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Walmart to $108.00 and gave the company a neutral rating in a research note on Monday, October 8th. Deutsche Bank raised shares of Walmart from a hold rating to a buy rating and increased their price objective for the company from $89.00 to $113.00 in a research note on Tuesday, October 9th. BMO Capital Markets initiated coverage on shares of Walmart in a research note on Monday, September 17th. They issued an outperform rating and a $110.00 price objective for the company. Credit Suisse Group reissued a neutral rating and issued a $103.00 price objective on shares of Walmart in a research note on Wednesday, October 17th. Finally, Cowen increased their price objective on shares of Walmart from $115.00 to $120.00 and gave the company an outperform rating in a research note on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. Walmart presently has a consensus rating of Hold and an average target price of $104.13.
Shares of Walmart stock opened at $96.78 on Friday. Walmart has a 1-year low of $81.78 and a 1-year high of $109.98. 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 company has a market cap of $289.40 billion, a PE ratio of 21.90, a PEG ratio of 4.01 and a beta of 0.35.
In other Walmart news, major shareholder Alice L. Walton sold 525,008 shares of the company’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $95.34, for a total value of $50,054,262.72. Following the completion of the transaction, the insider now directly owns 8,748,580 shares in the company, valued at approximately $834,089,617.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director S Robson Walton sold 1,276,062 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $95.19, for a total transaction of $121,468,341.78. Following the completion of the transaction, the director now owns 4,147,254 shares of the company’s stock, valued at $394,777,108.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,433,931 shares of company stock valued at $803,955,004. Corporate insiders own 51.11% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of WMT. Putnam Investments LLC increased its position in shares of Walmart by 836.2% during the second quarter. Putnam Investments LLC now owns 5,511,548 shares of the retailer’s stock worth $472,064,000 after buying an additional 4,922,857 shares during the period. Renaissance Technologies LLC increased its position in shares of Walmart by 1,431.8% during the second quarter. Renaissance Technologies LLC now owns 3,322,500 shares of the retailer’s stock worth $284,572,000 after buying an additional 3,105,600 shares during the period. Charles Schwab Investment Advisory Inc. acquired a new stake in shares of Walmart during the second quarter worth $265,661,000. AQR Capital Management LLC increased its position in shares of Walmart by 27.2% during the third quarter. AQR Capital Management LLC now owns 12,208,910 shares of the retailer’s stock worth $1,146,539,000 after buying an additional 2,608,732 shares during the period. Finally, Cornerstone Wealth Management LLC increased its position in shares of Walmart by 8,606.2% during the second quarter. Cornerstone Wealth Management LLC now owns 1,818,288 shares of the retailer’s stock worth $21,648,000 after buying an additional 1,797,403 shares during the period. Institutional investors own 29.09% 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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