Morgan Stanley reaffirmed their hold rating on shares of Walmart (NYSE:WMT) in a research note issued to investors on Monday, Marketbeat.com reports. Morgan Stanley currently has a $99.00 price objective on the retailer’s stock, down from their prior price objective of $106.00.
Several other research analysts also recently weighed in on WMT. Vetr raised shares of Walmart from a strong sell rating to a hold rating and set a $87.80 target price on the stock in a research report on Monday, October 30th. Zacks Investment Research downgraded shares of Walmart from a buy rating to a hold rating in a research report on Tuesday, October 31st. Robert W. Baird reissued an outperform rating and issued a $95.00 target price (up from $90.00) on shares of Walmart in a research report on Thursday, November 9th. Royal Bank of Canada set a $83.00 target price on shares of Walmart and gave the stock a sell rating in a research report on Friday, November 10th. Finally, UBS Group set a $91.00 target price on shares of Walmart and gave the stock a neutral rating in a research report on Friday, November 10th. Sixteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $102.65.
Walmart (NYSE WMT) opened at $90.01 on Monday. The firm has a market cap of $266,640.00, a P/E ratio of 28.13, a PEG ratio of 3.29 and a beta of 0.42. The company has a quick ratio of 0.20, a current ratio of 0.76 and a debt-to-equity ratio of 0.46. Walmart has a 1 year low of $69.33 and a 1 year high of $109.98.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, December 7th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, December 6th. Walmart’s dividend payout ratio (DPR) is presently 63.75%.
In other news, insider Jacqueline P. Canney sold 2,065 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $96.99, for a total value of $200,284.35. Following the completion of the sale, the insider now directly owns 19,060 shares in the company, valued at $1,848,629.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Jim C. Walton sold 1,319,133 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $97.61, for a total transaction of $128,760,572.13. Following the completion of the sale, the insider now owns 11,057,224 shares of the company’s stock, valued at $1,079,295,634.64. The disclosure for this sale can be found here. Insiders sold 1,866,702 shares of company stock valued at $181,923,840 over the last quarter. Corporate insiders own 51.39% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of Walmart in the fourth quarter worth $105,000. Lenox Wealth Advisors Inc. lifted its stake in shares of Walmart by 13,287.5% in the fourth quarter. Lenox Wealth Advisors Inc. now owns 1,071 shares of the retailer’s stock worth $106,000 after buying an additional 1,063 shares during the last quarter. Thompson Davis & CO. Inc. lifted its stake in shares of Walmart by 456.9% in the second quarter. Thompson Davis & CO. Inc. now owns 1,526 shares of the retailer’s stock worth $115,000 after buying an additional 1,252 shares during the last quarter. We Are One Seven LLC acquired a new stake in shares of Walmart in the fourth quarter worth $123,000. Finally, Cerebellum GP LLC acquired a new stake in shares of Walmart in the fourth quarter worth $127,000. Institutional investors and hedge funds own 30.33% of the company’s stock.
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Walmart Inc, formerly Wal-Mart Stores, Inc, is engaged in the operation of retail, wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company operates through three segments: Walmart U.S., Walmart International and Sam’s Club.
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