Walmart (NYSE:WMT) had its price objective boosted by BMO Capital Markets from $160.00 to $175.00 in a report published on Wednesday morning, The Fly reports.

A number of other equities analysts have also weighed in on the stock. Wells Fargo & Company restated a hold rating on shares of Walmart in a research report on Friday, July 24th. Raymond James upped their target price on shares of Walmart from $145.00 to $165.00 and gave the stock an outperform rating in a research report on Wednesday. Royal Bank of Canada upped their target price on shares of Walmart from $137.00 to $155.00 in a research report on Wednesday. Robert W. Baird upped their target price on shares of Walmart from $150.00 to $165.00 and gave the stock an outperform rating in a research report on Tuesday. Finally, The Goldman Sachs Group restated a buy rating and set a $144.00 target price on shares of Walmart in a research report on Tuesday, August 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. Walmart currently has a consensus rating of Buy and an average target price of $150.29.

WMT opened at $150.24 on Wednesday. The firm has a market cap of $425.74 billion, a P/E ratio of 23.96, a PEG ratio of 4.86 and a beta of 0.27. Walmart has a 1-year low of $102.00 and a 1-year high of $153.40. The company has a 50 day simple moving average of $144.08 and a two-hundred day simple moving average of $132.71. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.79 and a quick ratio of 0.29.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Monday, November 16th. The retailer reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.16. Walmart had a net margin of 3.30% and a return on equity of 19.13%. During the same period last year, the company earned $1.16 earnings per share. Equities analysts anticipate that Walmart will post 5.35 earnings per share for the current year.

In related news, Director S Robson Walton sold 450,000 shares of the firm’s stock in a transaction dated Friday, November 20th. The shares were sold at an average price of $150.95, for a total value of $67,927,500.00. Following the transaction, the director now owns 3,280,991 shares of the company’s stock, valued at approximately $495,265,591.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alice L. Walton sold 752,085 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $137.20, for a total transaction of $103,186,062.00. Following the completion of the transaction, the insider now directly owns 11,323,580 shares in the company, valued at approximately $1,553,595,176. 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 in the last ninety days. 50.43% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC increased its position in Walmart by 1.5% during the 3rd quarter. LPL Financial LLC now owns 828,101 shares of the retailer’s stock valued at $115,860,000 after purchasing an additional 12,078 shares during the period. Mission Wealth Management LP increased its position in Walmart by 13.9% during the 3rd quarter. Mission Wealth Management LP now owns 10,746 shares of the retailer’s stock valued at $1,504,000 after purchasing an additional 1,312 shares during the period. First Merchants Corp increased its position in Walmart by 3.4% during the 2nd quarter. First Merchants Corp now owns 56,054 shares of the retailer’s stock valued at $6,714,000 after purchasing an additional 1,853 shares during the period. Allred Capital Management LLC increased its position in Walmart by 3.2% during the 3rd quarter. Allred Capital Management LLC now owns 14,243 shares of the retailer’s stock valued at $1,992,000 after purchasing an additional 435 shares during the period. Finally, Bank OZK increased its position in Walmart by 48.3% during the 3rd quarter. Bank OZK now owns 19,563 shares of the retailer’s stock valued at $2,737,000 after purchasing an additional 6,375 shares during the period. 29.34% of the stock is currently owned by institutional investors and hedge funds.

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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The Fly

Analyst Recommendations for Walmart (NYSE:WMT)

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