Walmart (WMT) PT Set at $101.00 by Royal Bank of Canada
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.
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.
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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