Walmart (NYSE:WMT)‘s stock had its “neutral” rating reissued by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday. They presently have a $103.00 target price on the retailer’s stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 7.73% from the company’s previous close.

Several other analysts have also commented on WMT. Stifel Nicolaus reaffirmed a “neutral” rating and issued a $95.00 price objective on shares of Walmart in a report on Friday. Argus set a $112.00 price objective on Walmart and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research raised Walmart from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th. Raymond James lowered Walmart from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the stock from $100.00 to $107.00 in a report on Friday. Finally, KeyCorp lifted their price objective on Walmart from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Friday. Nineteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $100.92.

Shares of WMT traded down $0.39 during trading hours on Monday, hitting $95.61. The stock had a trading volume of 180,317 shares, compared to its average volume of 8,060,375. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.93 and a quick ratio of 0.34. Walmart has a 12 month low of $77.50 and a 12 month high of $109.98. The firm has a market capitalization of $289.87 billion, a P/E ratio of 21.63, a PEG ratio of 3.72 and a beta of 0.52.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.07. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The company had revenue of $127.06 billion during the quarter, compared to analyst estimates of $124.67 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. Walmart’s revenue was up 4.2% compared to the same quarter last year. analysts expect that Walmart will post 4.86 EPS for the current fiscal year.

In related news, major shareholder Jim C. Walton sold 592,155 shares of the business’s stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $84.64, for a total value of $50,119,999.20. Following the sale, the insider now directly owns 10,507,224 shares in the company, valued at $889,331,439.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 1,499,270 shares of the business’s stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $84.86, for a total value of $127,228,052.20. Following the completion of the sale, the insider now owns 6,748,580 shares in the company, valued at $572,684,498.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,792,256 shares of company stock valued at $740,486,626. Corporate insiders own 51.11% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Wunderlich Capital Managemnt raised its position in Walmart by 2.4% during the fourth quarter. Wunderlich Capital Managemnt now owns 20,868 shares of the retailer’s stock valued at $2,061,000 after purchasing an additional 496 shares during the period. Covington Capital Management raised its position in Walmart by 1.6% during the fourth quarter. Covington Capital Management now owns 31,888 shares of the retailer’s stock valued at $3,149,000 after purchasing an additional 500 shares during the period. KCM Investment Advisors LLC raised its position in Walmart by 2.7% during the fourth quarter. KCM Investment Advisors LLC now owns 20,948 shares of the retailer’s stock valued at $2,069,000 after purchasing an additional 550 shares during the period. HBK Sorce Advisory LLC raised its position in Walmart by 4.8% during the fourth quarter. HBK Sorce Advisory LLC now owns 12,442 shares of the retailer’s stock valued at $1,228,000 after purchasing an additional 568 shares during the period. Finally, Farmers & Merchants Investments Inc. raised its position in Walmart by 0.4% during the second quarter. Farmers & Merchants Investments Inc. now owns 152,035 shares of the retailer’s stock valued at $13,022,000 after purchasing an additional 588 shares during the period. Institutional investors own 29.45% of the company’s stock.

About Walmart

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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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Analyst Recommendations for Walmart (NYSE:WMT)

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