Walmart (NYSE:WMT) PT Set at $105.00 by Credit Suisse Group

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Walmart (NYSE:WMT) has been given a $105.00 target price by stock analysts at Credit Suisse Group in a report released on Thursday, AnalystRatings.com reports. The brokerage presently has a “hold” rating on the retailer’s stock. Credit Suisse Group’s target price indicates a potential downside of 7.74% from the stock’s previous close.

A number of other research firms have also recently issued reports on WMT. UBS Group lifted their target price on shares of Walmart from $105.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Robert W. Baird reiterated a “positive” rating and issued a $120.00 target price (up previously from $115.00) on shares of Walmart in a research note on Thursday. They noted that the move was a valuation call. Morgan Stanley lifted their target price on shares of Walmart from $113.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, June 17th. Daiwa Capital Markets upgraded shares of Walmart from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 21st. Finally, Gordon Haskett upgraded shares of Walmart from an “accumulate” rating to a “buy” rating and lifted their target price for the company from $115.00 to $125.00 in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nineteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $114.51.

NYSE WMT traded up $0.82 during trading on Thursday, reaching $113.81. 7,154,004 shares of the company traded hands, compared to its average volume of 6,250,745. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.76. The stock’s 50 day moving average price is $111.36 and its two-hundred day moving average price is $103.71. The company has a market cap of $321.70 billion, a price-to-earnings ratio of 23.18, 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.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, August 15th. The retailer reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.05. The company had revenue of $130.40 billion for the quarter, compared to the consensus estimate of $129.32 billion. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.29 earnings per share. Equities research analysts expect that Walmart will post 4.91 EPS for the current fiscal year.

In other Walmart news, Director S Robson Walton sold 1,322,329 shares of the company’s stock in a transaction on 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 sale, the director now owns 3,347,511 shares in the company, valued at approximately $341,580,022.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Jim C. Walton sold 1,014,826 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $105.33, for a total transaction of $106,891,622.58. Following the sale, the insider now owns 17,502,080 shares of the company’s stock, valued at approximately $1,843,494,086.40. The disclosure for this sale can be found here. Insiders sold a total of 3,097,455 shares of company stock valued at $321,872,581 in the last 90 days. 50.22% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Winthrop Partners WNY LLC grew its holdings in shares of Walmart by 7.8% in the 2nd quarter. Winthrop Partners WNY LLC now owns 14,888 shares of the retailer’s stock valued at $1,645,000 after buying an additional 1,079 shares during the period. Colony Group LLC grew its holdings in shares of Walmart by 30.6% in the 2nd quarter. Colony Group LLC now owns 15,379 shares of the retailer’s stock valued at $1,699,000 after buying an additional 3,599 shares during the period. McGowan Group Asset Management Inc. acquired a new position in shares of Walmart in the 2nd quarter valued at $215,000. Prudential PLC grew its holdings in shares of Walmart by 20.2% in the 2nd quarter. Prudential PLC now owns 1,479,973 shares of the retailer’s stock valued at $163,519,000 after buying an additional 248,800 shares during the period. Finally, WealthStone Inc. acquired a new position in shares of Walmart in the 2nd quarter valued at $148,000. Institutional investors own 29.99% of the company’s stock.

Walmart Company Profile

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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Analyst Recommendations for Walmart (NYSE:WMT)

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