UBS Group Increases Walmart (WMT) Price Target to $102.00
Walmart (NYSE:WMT) had its price objective increased by UBS Group from $93.00 to $102.00 in a research note published on Friday morning, www.benzinga.com reports. UBS Group currently has a neutral rating on the retailer’s stock.
A number of other equities research analysts have also recently commented on the company. Deutsche Bank lifted their target price on Walmart from $87.00 to $89.00 and gave the stock a hold rating in a research note on Friday. Citigroup lifted their target price on Walmart from $101.00 to $113.00 and gave the stock a buy rating in a research note on Friday. KeyCorp lifted their target price on Walmart from $105.00 to $107.00 and gave the stock an overweight rating in a research note on Friday. Stifel Nicolaus reiterated a neutral rating and set a $95.00 target price on shares of Walmart in a research note on Friday. Finally, Royal Bank of Canada set a $102.00 target price on Walmart and gave the stock a neutral rating in a research note on Friday. Nineteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $100.92.
Shares of NYSE:WMT opened at $96.00 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.20 and a debt-to-equity ratio of 0.46. Walmart has a 1-year low of $77.50 and a 1-year high of $109.98. The firm has a market cap of $267.15 billion, a price-to-earnings ratio of 21.72, a P/E/G ratio of 3.31 and a beta of 0.52.
In related news, Director S Robson Walton sold 760,377 shares of the business’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $83.30, for a total value of $63,339,404.10. Following the sale, the director now directly owns 3,347,254 shares in the company, valued at approximately $278,826,258.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David Chojnowski sold 5,442 shares of the business’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $85.30, for a total value of $464,202.60. The disclosure for this sale can be found here. Insiders sold a total of 8,792,256 shares of company stock worth $740,486,626 over the last 90 days. 51.11% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. Hanseatic Management Services Inc. grew its holdings in Walmart by 106.0% during the 1st quarter. Hanseatic Management Services Inc. now owns 1,201 shares of the retailer’s stock valued at $107,000 after buying an additional 618 shares in the last quarter. We Are One Seven LLC purchased a new position in Walmart during the 4th quarter valued at about $123,000. CSat Investment Advisory L.P. purchased a new position in Walmart during the 2nd quarter valued at about $111,000. G&S Capital LLC purchased a new position in Walmart during the 4th quarter valued at about $128,000. Finally, Wagner Wealth Management LLC purchased a new position in Walmart during the 4th quarter valued at about $132,000. Institutional investors and hedge funds own 29.68% 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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