JPMorgan Chase & Co. set a $128.00 price target on Walmart (NYSE:WMT – Get Rating) in a research report sent to investors on Tuesday, Borsen Zeitung reports.
A number of other analysts have also weighed in on the company. Telsey Advisory Group lowered their target price on Walmart from $160.00 to $145.00 and set an outperform rating for the company in a report on Tuesday, July 26th. Jefferies Financial Group reaffirmed a buy rating and set a $150.00 price target on shares of Walmart in a research report on Friday, July 29th. Deutsche Bank Aktiengesellschaft reduced their price target on Walmart from $184.00 to $181.00 in a research report on Monday, May 16th. DA Davidson reduced their price target on Walmart from $162.00 to $148.00 in a research report on Tuesday, July 26th. Finally, The Goldman Sachs Group set a $135.00 price target on Walmart in a research report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $151.93.
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Walmart Stock Down 1.5 %
Walmart stock opened at $137.02 on Tuesday. The business has a fifty day moving average of $127.06 and a two-hundred day moving average of $136.65. The company has a quick ratio of 0.23, a current ratio of 0.84 and a debt-to-equity ratio of 0.40. The firm has a market cap of $375.59 billion, a P/E ratio of 27.35, a P/E/G ratio of 4.38 and a beta of 0.53. Walmart has a twelve month low of $117.27 and a twelve month high of $160.77.
Walmart (NYSE:WMT – Get Rating) last posted its earnings results on Tuesday, August 16th. The retailer reported $1.77 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.17. The company had revenue of $152.86 billion during the quarter, compared to analyst estimates of $149.96 billion. Walmart had a return on equity of 18.95% and a net
margin of 2.36%. Walmart's revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.78 earnings per share. On average, analysts forecast that Walmart will post 5.79 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, major shareholder Alice L. Walton sold 931,768 shares of the stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $140.03, for a total transaction of $130,475,473.04. Following the sale, the insider now directly owns 285,607,867 shares of the company's stock, valued at approximately $39,993,669,616.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, major shareholder Alice L. Walton sold 931,768 shares of the stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $140.03, for a total transaction of $130,475,473.04. Following the sale, the insider now directly owns 285,607,867 shares of the company's stock, valued at approximately $39,993,669,616.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 9,708 shares of the stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $122.13, for a total transaction of $1,185,638.04. Following the sale, the chief executive officer now directly owns 1,517,160 shares in the company, valued at $185,290,750.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,481,935 shares of company stock valued at $206,295,199. Company insiders own 47.06% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Eagle Bay Advisors LLC lifted its stake in Walmart by 9.8% in the 2nd quarter. Eagle Bay Advisors LLC now owns 2,921 shares of the retailer's stock valued at $355,000 after buying an additional 260 shares in the last quarter. IMA Wealth Inc. lifted its stake in Walmart by 7,999.4% in the 2nd quarter. IMA Wealth Inc. now owns 12,635 shares of the retailer's stock valued at $1,536,000 after buying an additional 12,479 shares in the last quarter. Verity & Verity LLC lifted its stake in Walmart by 4.1% in the 2nd quarter. Verity & Verity LLC now owns 3,376 shares of the retailer's stock valued at $410,000 after buying an additional 132 shares in the last quarter. Centiva Capital LP lifted its stake in Walmart by 1,658.1% in the 2nd quarter. Centiva Capital LP now owns 11,709 shares of the retailer's stock valued at $1,424,000 after buying an additional 11,043 shares in the last quarter. Finally, Physicians Financial Services Inc. lifted its stake in Walmart by 0.8% in the 2nd quarter. Physicians Financial Services Inc. now owns 53,553 shares of the retailer's stock valued at $6,511,000 after buying an additional 436 shares in the last quarter. 30.79% of the stock is owned by hedge funds and other institutional investors.
About Walmart
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Walmart Inc engages in the operation of retail, wholesale, and other units 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, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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