Walmart (WMT) Given Neutral Rating at JPMorgan Chase & Co.
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.
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.
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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