Several other analysts have also recently weighed in on the company. Tigress Financial reaffirmed a hold rating on shares of Walmart in a research report on Tuesday, July 28th. Citigroup boosted their price target on Walmart from $140.00 to $155.00 and gave the stock a buy rating in a research report on Wednesday, August 19th. Royal Bank of Canada set a $153.00 price target on Walmart and gave the stock a neutral rating in a research report on Tuesday, November 17th. Robert W. Baird boosted their price target on Walmart from $150.00 to $165.00 and gave the stock an outperform rating in a research report on Tuesday, November 17th. Finally, Telsey Advisory Group boosted their price target on Walmart from $155.00 to $160.00 and gave the stock an outperform rating in a research report on Friday, November 13th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $150.29.
Walmart stock opened at $150.24 on Wednesday. The stock’s 50 day simple moving average is $144.08 and its two-hundred day simple moving average is $132.71. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.29 and a current ratio of 0.79. The stock has a market cap of $425.74 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 4.86 and a beta of 0.27. Walmart has a fifty-two week low of $102.00 and a fifty-two week high of $153.40.
In related news, major shareholder Alice L. Walton sold 752,085 shares of the stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $137.20, for a total value of $103,186,062.00. Following the sale, the insider now directly owns 11,323,580 shares of the company’s stock, valued at approximately $1,553,595,176. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marc E. Lore sold 85,000 shares of the stock in a transaction dated Wednesday, October 14th. The stock was sold at an average price of $144.55, for a total transaction of $12,286,750.00. Following the completion of the sale, the executive vice president now directly owns 1,610,399 shares in the company, valued at $232,783,175.45. The disclosure for this sale can be found here. Insiders sold a total of 1,382,085 shares of company stock worth $196,681,112 over the last three months. 50.43% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of the stock. Advisor Partners LLC raised its holdings in shares of Walmart by 1.3% during the third quarter. Advisor Partners LLC now owns 75,513 shares of the retailer’s stock worth $10,565,000 after purchasing an additional 1,000 shares during the last quarter. Paces Ferry Wealth Advisors LLC purchased a new position in shares of Walmart during the third quarter worth $47,000. Jeppson Wealth Management LLC purchased a new position in shares of Walmart during the third quarter worth $1,422,000. Chiron Capital Management LLC purchased a new position in shares of Walmart during the third quarter worth $95,000. Finally, IHT Wealth Management LLC increased its holdings in Walmart by 24.1% in the third quarter. IHT Wealth Management LLC now owns 22,692 shares of the retailer’s stock valued at $3,175,000 after buying an additional 4,406 shares in the last quarter. 29.34% of the stock is owned by hedge funds and other institutional investors.
Walmart Company Profile
Walmart Inc engages in the retail and wholesale operations in various formats worldwide. The company operates in 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; ecommerce websites, such as walmart.com, walmart.com.mx, asda.com, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.
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