Walmart (NYSE:WMT) had its target price raised by Raymond James from $110.00 to $120.00 in a research note released on Friday, BenzingaRatingsTable reports. They currently have an outperform rating on the retailer’s stock.

A number of other research firms have also weighed in on WMT. Royal Bank of Canada set a $112.00 target price on Walmart and gave the stock a neutral rating in a report on Thursday. Jefferies Financial Group upped their target price on Walmart from $117.00 to $120.00 and gave the stock a buy rating in a report on Monday, June 10th. Loop Capital upped their target price on Walmart to $115.00 and gave the stock a hold rating in a report on Tuesday, July 23rd. Goldman Sachs Group set a $123.00 target price on Walmart and gave the stock a buy rating in a report on Thursday. Finally, Robert W. Baird restated a positive rating and set a $120.00 target price (up previously from $115.00) on shares of Walmart in a report on Thursday. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-one have issued a buy rating to the company. The company currently has an average rating of Buy and an average price target of $112.68.

Shares of NYSE WMT traded up $0.30 during trading hours on Friday, reaching $112.99. The stock had a trading volume of 10,817,600 shares, compared to its average volume of 5,421,339. The company has a current ratio of 0.77, a quick ratio of 0.21 and a debt-to-equity ratio of 0.89. The firm has a market cap of $303.17 billion, a price-to-earnings ratio of 23.01, a P/E/G ratio of 4.64 and a beta of 0.41. The business’s fifty day moving average price is $111.36 and its two-hundred day moving average price is $103.71. Walmart has a 52-week low of $85.78 and a 52-week high of $115.49.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, August 15th. The retailer reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.05. The company had revenue of $130.40 billion during the quarter, compared to analyst estimates of $129.32 billion. Walmart had a return on equity of 18.66% and a net margin of 1.62%. Walmart’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.29 earnings per share. Equities research analysts anticipate that Walmart will post 4.85 earnings per share for the current fiscal year.

In other Walmart news, Director S Robson Walton sold 1,322,329 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $102.04, for a total value of $134,930,451.16. Following the sale, the director now directly owns 3,347,511 shares of the company’s stock, valued at $341,580,022.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Jim C. Walton sold 820,736 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $101.45, for a total transaction of $83,263,667.20. Following the completion of the sale, the insider now directly owns 17,502,080 shares in the company, valued at $1,775,586,016. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,918,191 shares of company stock worth $405,136,249. Insiders own 51.11% of the company’s stock.

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in Walmart by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock worth $1,687,500,000 after purchasing an additional 1,532,362 shares during the last quarter. First Commonwealth Financial Corp PA boosted its position in Walmart by 90.5% in the fourth quarter. First Commonwealth Financial Corp PA now owns 24,441 shares of the retailer’s stock worth $2,287,000 after purchasing an additional 11,608 shares during the last quarter. Suntrust Banks Inc. boosted its position in Walmart by 36.9% in the fourth quarter. Suntrust Banks Inc. now owns 566,545 shares of the retailer’s stock worth $52,774,000 after purchasing an additional 152,577 shares during the last quarter. Hilltop Holdings Inc. boosted its position in Walmart by 14.4% in the fourth quarter. Hilltop Holdings Inc. now owns 7,035 shares of the retailer’s stock worth $655,000 after purchasing an additional 888 shares during the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in Walmart by 4.9% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 384,200 shares of the retailer’s stock worth $35,788,000 after purchasing an additional 17,900 shares during the last quarter. 30.05% of the stock is currently owned by institutional investors.

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, shoes.com, and samsclub.com; and mobile commerce applications.

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Analyst Recommendations for Walmart (NYSE:WMT)

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