Royal Bank of Canada Analysts Give Walmart (NYSE:WMT) a $112.00 Price Target

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Royal Bank of Canada set a $112.00 target price on Walmart (NYSE:WMT) in a research report released on Thursday, Borsen Zeitung reports. The firm currently has a neutral rating on the retailer’s stock.

A number of other research firms have also weighed in on WMT. Wolfe Research lowered shares of Walmart from a peer perform rating to an underperform rating in a research report on Wednesday, May 8th. Bank of America set a $120.00 target price on shares of Walmart and gave the stock a buy rating in a research report on Friday, May 17th. Jefferies Financial Group boosted their target price on shares of Walmart from $117.00 to $120.00 and gave the stock a buy rating in a research report on Monday, June 10th. Sanford C. Bernstein raised shares of Walmart from a market perform rating to an outperform rating and set a $101.80 target price for the company in a research report on Thursday, May 2nd. Finally, Guggenheim reissued a buy rating and set a $125.00 target price on shares of Walmart in a research report on Thursday. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nineteen have given a buy rating to the company’s stock. Walmart currently has an average rating of Buy and an average price target of $113.28.

Shares of NYSE:WMT opened at $112.99 on Thursday. The stock has a market capitalization of $321.70 billion, a PE ratio of 23.01, a P/E/G ratio of 4.91 and a beta of 0.41. Walmart has a 1 year low of $85.78 and a 1 year high of $115.49. The firm has a fifty day moving average price of $111.36 and a 200 day moving average price of $103.71. The company has a current ratio of 0.76, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83.

Walmart (NYSE:WMT) last released its earnings results on Thursday, August 15th. The retailer reported $1.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.05. The firm had revenue of $130.40 billion during the quarter, compared to analyst estimates of $129.32 billion. Walmart had a net margin of 2.48% and a return on equity of 18.23%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 EPS. On average, sell-side analysts forecast that Walmart will post 4.91 earnings per share for the current fiscal year.

In other news, Director S Robson Walton sold 1,322,329 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $102.04, for a total transaction of $134,930,451.16. Following the completion of the transaction, the director now owns 3,347,511 shares of the company’s stock, valued at $341,580,022.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel J. Bartlett sold 3,000 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $109.14, for a total transaction of $327,420.00. Following the transaction, the insider now directly owns 122,673 shares of the company’s stock, valued at approximately $13,388,531.22. The disclosure for this sale can be found here. Insiders have sold 3,097,455 shares of company stock valued at $321,872,581 in the last ninety days. 51.11% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of WMT. Clarfeld Financial Advisors LLC bought a new stake in Walmart in the fourth quarter valued at about $25,000. Krane Funds Advisors LLC bought a new stake in Walmart in the second quarter valued at about $26,000. C J Advisory Inc bought a new stake in Walmart in the first quarter valued at about $29,000. AllSquare Wealth Management LLC increased its stake in Walmart by 235.3% in the second 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 period. Finally, Mcmillion Capital Management Inc. bought a new stake in Walmart in the second quarter valued at about $34,000. 30.05% of the stock is currently owned by institutional investors and hedge funds.

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, shoes.com, and samsclub.com; and mobile commerce applications.

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