Walmart (NYSE:WMT) Upgraded to “Buy” by Gordon Haskett

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Gordon Haskett upgraded shares of Walmart (NYSE:WMT) from an accumulate rating to a buy rating in a report published on Thursday morning, Briefing.com Automated Import reports. They currently have $125.00 target price on the retailer’s stock, up from their prior target price of $115.00.

A number of other analysts have also issued reports on the company. Sanford C. Bernstein raised Walmart from a market perform rating to an outperform rating and set a $101.80 price target on the stock in a research note on Thursday, May 2nd. UBS Group lifted their price target on Walmart from $105.00 to $107.00 and gave the stock a neutral rating in a research note on Friday, May 17th. Zacks Investment Research raised Walmart from a hold rating to a buy rating and set a $114.00 price target on the stock in a research note on Wednesday, May 22nd. Bank of America set a $120.00 price objective on Walmart and gave the stock a buy rating in a research report on Friday, May 17th. Finally, Guggenheim reiterated a buy rating and set a $125.00 price objective on shares of Walmart in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $113.28.

Shares of NYSE:WMT opened at $112.99 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.76 and a quick ratio of 0.21. The business’s 50 day moving average price is $111.36 and its 200-day moving average price is $103.71. The firm 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.

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

In other Walmart news, insider Daniel J. Bartlett sold 3,000 shares of Walmart stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $109.14, for a total value of $327,420.00. Following the sale, the insider now owns 122,673 shares in the company, valued at $13,388,531.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Jim C. Walton sold 1,014,826 shares of Walmart stock in a transaction on Friday, June 7th. The shares were sold at an average price of $105.33, for a total value of $106,891,622.58. Following the completion of the sale, the insider now owns 17,502,080 shares in the company, valued at approximately $1,843,494,086.40. The disclosure for this sale can be found here. Insiders sold 3,097,455 shares of company stock worth $321,872,581 in the last 90 days. Company insiders own 51.11% of the company’s stock.

A number of large investors have recently bought and sold shares of WMT. Nuveen Asset Management LLC raised its position in Walmart by 4,405.6% in the second quarter. Nuveen Asset Management LLC now owns 10,353,388 shares of the retailer’s stock valued at $1,143,946,000 after purchasing an additional 10,123,600 shares during the period. FMR LLC raised its position in Walmart by 14.6% in the fourth quarter. FMR LLC now owns 23,977,936 shares of the retailer’s stock valued at $2,233,545,000 after purchasing an additional 3,058,978 shares during the period. Renaissance Technologies LLC raised its position in Walmart by 184.2% in the second quarter. Renaissance Technologies LLC now owns 4,653,682 shares of the retailer’s stock valued at $514,185,000 after purchasing an additional 3,015,931 shares during the period. Thoroughbred Financial Services LLC raised its position in Walmart by 11,482.5% in the second quarter. Thoroughbred Financial Services LLC now owns 2,444,380 shares of the retailer’s stock valued at $244,438,000 after purchasing an additional 2,423,276 shares during the period. Finally, Geode Capital Management LLC raised its position in Walmart by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock valued at $1,687,500,000 after purchasing an additional 1,532,362 shares during the period. Institutional investors own 30.05% of the company’s stock.

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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Analyst Recommendations for Walmart (NYSE:WMT)

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