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.
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.
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.
Recommended Story: Outstanding Shares
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.