Walmart (NYSE:WMT) had its price target upped by KeyCorp from $125.00 to $128.00 in a report released on Friday, BenzingaRatingsTable reports. They currently have an overweight rating on the retailer’s stock. KeyCorp also issued estimates for Walmart’s Q4 2020 earnings at $1.44 EPS, FY2020 earnings at $4.90 EPS and FY2021 earnings at $5.08 EPS.
Several other equities research analysts have also commented on the company. Gordon Haskett upgraded Walmart from an accumulate rating to a buy rating and boosted their price objective for the stock from $115.00 to $125.00 in a research note on Thursday, August 15th. Credit Suisse Group set a $105.00 price objective on Walmart and gave the stock a hold rating in a research note on Thursday, August 15th. Zacks Investment Research upgraded Walmart from a hold rating to a buy rating and set a $114.00 price objective for the company in a research note on Wednesday, May 22nd. JPMorgan Chase & Co. set a $115.00 price objective on Walmart and gave the stock a hold rating in a research note on Friday. Finally, UBS Group boosted their price objective on Walmart from $105.00 to $107.00 and gave the stock a neutral rating in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $114.51.
NYSE:WMT opened at $113.81 on Friday. Walmart has a 12 month low of $85.78 and a 12 month high of $115.49. The stock has a 50 day moving average of $111.52 and a two-hundred day moving average of $103.85. The company has a current ratio of 0.76, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83. The firm has a market cap of $321.70 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 4.91 and a beta of 0.41.
In related news, Director S Robson Walton sold 1,322,329 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $102.04, for a total value of $134,930,451.16. Following the transaction, the director now directly owns 3,347,511 shares in the company, valued at $341,580,022.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel J. Bartlett sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $109.14, for a total value of $327,420.00. Following the completion of the transaction, the insider now owns 122,673 shares in the company, valued at $13,388,531.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,097,455 shares of company stock worth $321,872,581. Insiders own 50.22% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Walmart by 0.7% in the second quarter. Vanguard Group Inc. now owns 130,107,288 shares of the retailer’s stock valued at $14,375,553,000 after acquiring an additional 920,813 shares during the last quarter. FMR LLC raised its position in Walmart by 0.4% in the first quarter. FMR LLC now owns 24,068,619 shares of the retailer’s stock valued at $2,347,413,000 after purchasing an additional 90,683 shares during the period. Geode Capital Management LLC raised its position in Walmart by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock valued at $1,687,500,000 after purchasing an additional 1,532,362 shares during the period. Price T Rowe Associates Inc. MD raised its position in Walmart by 6.0% in the second quarter. Price T Rowe Associates Inc. MD now owns 12,807,349 shares of the retailer’s stock valued at $1,415,084,000 after purchasing an additional 721,297 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Walmart by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 11,771,790 shares of the retailer’s stock valued at $1,300,665,000 after purchasing an additional 373,683 shares during the period. Hedge funds and other institutional investors own 29.99% 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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