Stephens set a $117.00 price target on Walmart (NYSE:WMT) in a report issued on Friday. The brokerage currently has a buy rating on the retailer’s stock.

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.

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

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.

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.

Featured Story: Bull Market

Analyst Recommendations for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.