Walmart (NYSE:WMT) Price Target Raised to $125.00 at BMO Capital Markets
Walmart (NYSE:WMT) had its target price raised by BMO Capital Markets to $125.00 in a research report report published on Friday morning, The Fly reports. BMO Capital Markets currently has an outperform rating on the retailer’s stock.
WMT has been the topic of a number of other reports. Gordon Haskett upgraded shares of Walmart from an accumulate rating to a buy rating and lifted their price objective for the company from $115.00 to $125.00 in a report on Thursday, August 15th. Wolfe Research downgraded shares of Walmart from a peer perform rating to an underperform rating in a report on Wednesday, May 8th. Loop Capital lifted their price objective on shares of Walmart to $115.00 and gave the company a hold rating in a report on Tuesday, July 23rd. Morgan Stanley lifted their price objective on shares of Walmart from $113.00 to $115.00 and gave the company an overweight rating in a report on Monday, June 17th. Finally, Credit Suisse Group set a $105.00 price objective on shares of Walmart and gave the company a hold rating in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nineteen have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $114.51.
Shares of WMT stock opened at $113.81 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.76. Walmart has a 52 week low of $85.78 and a 52 week high of $115.49. The company has a market capitalization of $321.70 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 4.91 and a beta of 0.41. The company’s 50 day moving average price is $111.52 and its two-hundred day moving average price is $103.85.
In other Walmart news, major shareholder Jim C. Walton sold 1,014,826 shares of Walmart stock in a transaction on Friday, June 7th. The shares were sold at an average price of $105.33, for a total transaction of $106,891,622.58. Following the completion of the transaction, the insider now directly owns 17,502,080 shares of the company’s stock, valued at $1,843,494,086.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director S Robson Walton sold 1,322,329 shares of Walmart stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $102.04, for a total transaction of $134,930,451.16. Following the transaction, the director now directly owns 3,347,511 shares of the company’s stock, valued at $341,580,022.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,097,455 shares of company stock worth $321,872,581. 50.22% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Clarfeld Financial Advisors LLC bought a new stake in shares of Walmart in the fourth quarter valued at about $25,000. Krane Funds Advisors LLC bought a new stake in shares of Walmart in the second quarter valued at about $26,000. C J Advisory Inc bought a new stake in shares of Walmart in the first quarter valued at about $29,000. AllSquare Wealth Management LLC boosted its position in shares of Walmart by 235.3% in the second quarter. AllSquare Wealth Management LLC now owns 285 shares of the retailer’s stock valued at $31,000 after acquiring an additional 200 shares during the period. Finally, Mcmillion Capital Management Inc. bought a new stake in shares of Walmart in the second quarter valued at about $34,000. 29.99% of the stock is owned by hedge funds and other institutional investors.
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, shoes.com, and samsclub.com; and mobile commerce applications.
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