Walmart (NYSE:WMT) has been assigned a $115.00 price target by investment analysts at Morgan Stanley in a research report issued to clients and investors on Friday, TipRanks reports. The brokerage presently has a “buy” rating on the retailer’s stock. Morgan Stanley’s price target points to a potential upside of 1.05% from the stock’s current price.

Several other research analysts have also recently commented on the stock. Jefferies Financial Group boosted their price target on shares of Walmart from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Citigroup set a $129.00 price objective on shares of Walmart and gave the stock a “buy” rating in a research report on Friday. Goldman Sachs Group set a $123.00 price objective on shares of Walmart and gave the stock a “buy” rating in a research report on Thursday. UBS Group boosted their price objective on shares of Walmart from $105.00 to $107.00 and gave the stock a “neutral” rating in a research report on Friday, May 17th. Finally, KeyCorp boosted their price objective on shares of Walmart from $125.00 to $128.00 and gave the stock an “overweight” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and nineteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $114.51.

NYSE WMT traded up $0.82 on Friday, hitting $113.81. 7,177,122 shares of the stock were exchanged, compared to its average volume of 6,608,668. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83. Walmart has a fifty-two week low of $85.78 and a fifty-two week high of $115.49. The company has a market cap of $321.70 billion, a PE ratio of 23.18, a PEG ratio of 4.91 and a beta of 0.41. The company has a 50-day moving average price of $111.36 and a 200-day moving average price of $103.71.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, August 15th. The retailer reported $1.27 EPS for the quarter, topping the consensus estimate of $1.22 by $0.05. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The company had revenue of $130.40 billion during the quarter, compared to analysts’ expectations of $129.32 billion. During the same quarter in the previous year, the business posted $1.29 EPS. The firm’s revenue was up 2.6% on a year-over-year basis. As a group, equities research analysts predict that Walmart will post 4.91 EPS for the current fiscal year.

In other Walmart news, Director S Robson Walton sold 1,322,329 shares of the business’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 transaction, the director now directly owns 3,347,511 shares of the company’s stock, valued at approximately $341,580,022.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gregory S. Foran sold 19,487 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $105.00, for a total transaction of $2,046,135.00. Following the completion of the transaction, the insider now directly owns 343,374 shares in the company, valued at $36,054,270. The disclosure for this sale can be found here. Insiders sold a total of 3,097,455 shares of company stock worth $321,872,581 over the last three months. 50.22% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Clarfeld Financial Advisors LLC acquired a new stake in Walmart in the 4th quarter valued at about $25,000. Krane Funds Advisors LLC acquired a new stake in Walmart in the 2nd quarter valued at about $26,000. C J Advisory Inc acquired a new stake in Walmart in the 1st quarter valued at about $29,000. AllSquare Wealth Management LLC grew its stake in Walmart by 235.3% in the 2nd 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 last quarter. Finally, Mcmillion Capital Management Inc. acquired a new stake in Walmart in the 2nd quarter valued at about $34,000. 29.99% of the stock is currently owned by institutional investors.

Walmart Company Profile

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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