Raymond James cut shares of Walmart (NYSE:WMT) from a strong-buy rating to an outperform rating in a research report released on Friday, MarketBeat Ratings reports. Raymond James currently has $107.00 price objective on the retailer’s stock, up from their previous price objective of $100.00.

Several other analysts also recently commented on WMT. Royal Bank of Canada dropped their target price on shares of Walmart to $168.00 and set a market perform rating on the stock in a report on Thursday, May 10th. Jefferies Financial Group restated a buy rating and set a $106.00 target price on shares of Walmart in a report on Friday, May 18th. Sanford C. Bernstein dropped their target price on shares of Walmart from $104.00 to $100.00 and set a market perform rating on the stock in a report on Tuesday, May 29th. Guggenheim restated a buy rating on shares of Walmart in a report on Monday, April 30th. Finally, Zacks Investment Research upgraded shares of Walmart from a hold rating to a buy rating and set a $98.00 target price on the stock in a report on Friday, May 4th. Nineteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $100.25.

Walmart stock traded down $0.79 during midday trading on Friday, hitting $97.85. 16,459,857 shares of the stock were exchanged, compared to its average volume of 9,880,717. Walmart has a 52 week low of $77.50 and a 52 week high of $109.98. The firm has a market capitalization of $267.15 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 3.31 and a beta of 0.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.73 and a quick ratio of 0.20.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.07. Walmart had a net margin of 1.77% and a return on equity of 17.16%. The business had revenue of $127.06 billion for the quarter, compared to analyst estimates of $124.67 billion. During the same quarter last year, the firm earned $1.08 EPS. Walmart’s quarterly revenue was up 4.2% compared to the same quarter last year. analysts predict that Walmart will post 4.81 EPS for the current fiscal year.

In other news, Director S Robson Walton sold 1,190,271 shares of Walmart stock in a transaction that occurred on Wednesday, June 6th. The shares were sold at an average price of $84.65, for a total value of $100,756,440.15. Following the sale, the director now directly owns 3,347,254 shares in the company, valued at $283,345,051.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 1,499,270 shares of Walmart stock in a transaction that occurred on Friday, June 8th. The shares were sold at an average price of $84.86, for a total transaction 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. Insiders sold 8,792,256 shares of company stock worth $740,486,626 over the last quarter. 51.11% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Walmart by 1.9% in the second quarter. BlackRock Inc. now owns 90,679,652 shares of the retailer’s stock valued at $7,766,712,000 after buying an additional 1,660,543 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Walmart by 1.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 10,288,004 shares of the retailer’s stock valued at $881,168,000 after buying an additional 148,000 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Walmart by 4.5% in the second quarter. Fisher Asset Management LLC now owns 9,608,373 shares of the retailer’s stock valued at $822,957,000 after buying an additional 417,204 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Walmart in the second quarter valued at $624,899,000. Finally, Swiss National Bank grew its stake in shares of Walmart by 2.0% in the second quarter. Swiss National Bank now owns 5,609,729 shares of the retailer’s stock valued at $480,473,000 after buying an additional 109,700 shares in the last quarter. Institutional investors own 29.68% of the company’s stock.

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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

Featured Story: New Google Finance Tool and Screening Stocks

Analyst Recommendations for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.