Walmart (NYSE:WMT) has been assigned a $101.00 price target by equities researchers at Royal Bank of Canada in a report released on Monday. The firm presently has a “neutral” rating on the retailer’s stock. Royal Bank of Canada’s target price suggests a potential upside of 5.91% from the company’s current price.

A number of other research analysts have also weighed in on the company. Jefferies Financial Group reissued a “buy” rating and set a $106.00 price target on shares of Walmart in a research note on Friday, May 18th. Sanford C. Bernstein reduced their price target on Walmart from $104.00 to $100.00 and set a “market perform” rating on the stock in a research note on Tuesday, May 29th. Morgan Stanley reissued a “neutral” rating and set a $98.00 price target (up previously from $93.00) on shares of Walmart in a research note on Thursday, August 16th. Zacks Investment Research raised Walmart from a “sell” rating to a “hold” rating in a research note on Monday, May 14th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $87.00 price target on shares of Walmart in a research note on Tuesday, August 7th. Nineteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $100.89.

Shares of Walmart stock opened at $95.36 on Monday. Walmart has a fifty-two week low of $77.50 and a fifty-two week high of $109.98. The firm has a market cap of $283.97 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 3.39 and a beta of 0.51. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.34 and a current ratio of 0.93.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.07. Walmart had a return on equity of 18.16% and a net margin of 1.02%. The company had revenue of $127.06 billion for the quarter, compared to analyst estimates of $124.67 billion. During the same quarter in the prior year, the company posted $1.08 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. analysts expect that Walmart will post 4.78 earnings per share for the current fiscal year.

In related news, insider David Chojnowski sold 5,442 shares of the stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $85.30, for a total value of $464,202.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Alice L. Walton sold 1,499,270 shares of the stock in a transaction on Friday, June 8th. The shares were sold at an average price of $84.86, for a total value of $127,228,052.20. Following the completion of the sale, the insider now owns 6,748,580 shares of the company’s stock, valued at $572,684,498.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,588,090 shares of company stock valued at $934,651,314. 51.11% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in WMT. CSat Investment Advisory L.P. acquired a new stake in shares of Walmart during the second quarter valued at about $111,000. Stelac Advisory Services LLC acquired a new stake in shares of Walmart during the first quarter valued at about $126,000. Princeton Capital Management LLC acquired a new stake in shares of Walmart during the first quarter valued at about $135,000. KHP Capital LLC acquired a new stake in shares of Walmart during the first quarter valued at about $142,000. Finally, Amussen Hunsaker Associates LLC acquired a new stake in shares of Walmart during the second quarter valued at about $152,000. Hedge funds and other institutional investors own 29.43% 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.

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Analyst Recommendations for Walmart (NYSE:WMT)

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