Deutsche Bank reiterated their buy rating on shares of Walmart (NYSE:WMT) in a report released on Wednesday morning, TipRanks reports.
WMT has been the topic of several other research reports. Nomura Instinet raised their price target on shares of Walmart from $131.00 to $139.00 and gave the company a buy rating in a research report on Wednesday, May 20th. Oppenheimer initiated coverage on Walmart in a research report on Tuesday. They set a buy rating and a $145.00 target price on the stock. Wolfe Research assumed coverage on Walmart in a report on Tuesday, March 31st. They issued an outperform rating for the company. Nomura Securities reiterated a buy rating and set a $131.00 price target on shares of Walmart in a research report on Monday, March 23rd. Finally, Citigroup restated a buy rating and issued a $140.00 price objective (up from $137.00) on shares of Walmart in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company’s stock. Walmart presently has an average rating of Buy and an average target price of $132.45.
Walmart stock opened at $130.68 on Wednesday. The business’s 50-day moving average price is $121.30 and its 200 day moving average price is $119.45. The company has a quick ratio of 0.27, a current ratio of 0.77 and a debt-to-equity ratio of 0.85. The firm has a market cap of $362.01 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 4.76 and a beta of 0.28. Walmart has a 52 week low of $102.00 and a 52 week high of $133.38.
Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, May 19th. The retailer reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The business had revenue of $134.62 billion for the quarter, compared to analysts’ expectations of $130.91 billion. Walmart had a net margin of 2.81% and a return on equity of 18.33%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $1.13 EPS. Equities analysts expect that Walmart will post 4.93 EPS for the current year.
In related news, EVP Marc E. Lore sold 85,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $123.05, for a total value of $10,459,250.00. Following the completion of the sale, the executive vice president now owns 2,272,996 shares of the company’s stock, valued at $279,692,157.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 7,324 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $126.00, for a total transaction of $922,824.00. Following the completion of the sale, the executive vice president now directly owns 51,526 shares of the company’s stock, valued at approximately $6,492,276. The disclosure for this sale can be found here. In the last ninety days, insiders sold 347,324 shares of company stock valued at $43,065,824. Insiders own 50.43% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in WMT. Arthur M. Cohen & Associates LLC boosted its stake in Walmart by 0.8% during the 1st quarter. Arthur M. Cohen & Associates LLC now owns 10,153 shares of the retailer’s stock worth $1,113,000 after purchasing an additional 80 shares during the period. PBMares Wealth Management LLC raised its holdings in shares of Walmart by 1.2% in the first quarter. PBMares Wealth Management LLC now owns 6,880 shares of the retailer’s stock valued at $782,000 after buying an additional 83 shares during the last quarter. United Bank boosted its stake in shares of Walmart by 3.3% during the first quarter. United Bank now owns 2,621 shares of the retailer’s stock worth $298,000 after buying an additional 83 shares during the period. New England Professional Planning Group Inc. grew its holdings in shares of Walmart by 3.6% during the first quarter. New England Professional Planning Group Inc. now owns 2,389 shares of the retailer’s stock worth $296,000 after buying an additional 83 shares during the last quarter. Finally, Sage Rhino Capital LLC increased its position in Walmart by 4.4% in the 1st quarter. Sage Rhino Capital LLC now owns 1,984 shares of the retailer’s stock valued at $225,000 after acquiring an additional 84 shares during the period. Institutional investors and hedge funds own 29.97% 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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