Walmart (NYSE:WMT) received a $103.00 price objective from equities research analysts at Credit Suisse Group in a report issued on Thursday. The brokerage currently has a “hold” rating on the retailer’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 3.48% from the company’s current price.

A number of other brokerages have also recently weighed in on WMT. Morningstar set a $96.00 price target on shares of Walmart and gave the stock a “sell” rating in a research note on Thursday, November 8th. Cowen increased their price target on shares of Walmart from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, October 29th. Guggenheim reiterated a “buy” rating and set a $110.00 price target on shares of Walmart in a research note on Thursday, August 16th. Wells Fargo & Co reiterated a “neutral” rating and set a $95.00 price target on shares of Walmart in a research note on Thursday, August 16th. Finally, ValuEngine upgraded shares of Walmart from a “hold” rating to a “buy” rating in a research note on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Walmart has a consensus rating of “Hold” and a consensus price target of $103.57.

Shares of NYSE:WMT opened at $99.54 on Thursday. The firm has a market cap of $304.95 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 4.24 and a beta of 0.35. The company has a quick ratio of 0.34, a current ratio of 0.93 and a debt-to-equity ratio of 0.70. Walmart has a 1-year low of $81.78 and a 1-year high of $109.98.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, November 15th. The retailer reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.06. Walmart had a net margin of 1.02% and a return on equity of 18.16%. As a group, research analysts expect that Walmart will post 4.77 earnings per share for the current fiscal year.

In other news, major shareholder Alice L. Walton sold 286,762 shares of the stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $96.17, for a total value of $27,577,901.54. Following the completion of the transaction, the insider now owns 6,748,580 shares in the company, valued at approximately $649,010,938.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director S Robson Walton sold 807,654 shares of the stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $94.46, for a total transaction of $76,290,996.84. Following the completion of the transaction, the director now owns 3,347,254 shares of the company’s stock, valued at approximately $316,181,612.84. The disclosure for this sale can be found here. Insiders sold a total of 9,604,734 shares of company stock valued at $917,811,416 in the last 90 days. Company insiders own 51.11% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in WMT. Assenagon Asset Management S.A. purchased a new position in shares of Walmart in the 2nd quarter valued at about $3,035,000. Alpha Windward LLC purchased a new position in Walmart during the 2nd quarter valued at about $403,000. Edge Wealth Management LLC increased its holdings in Walmart by 663.0% during the 2nd quarter. Edge Wealth Management LLC now owns 6,905 shares of the retailer’s stock valued at $591,000 after acquiring an additional 6,000 shares in the last quarter. Home Federal Bank of Tennessee purchased a new position in Walmart during the 2nd quarter valued at about $698,000. Finally, Deprince Race & Zollo Inc. increased its holdings in Walmart by 1.3% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 227,918 shares of the retailer’s stock valued at $19,521,000 after acquiring an additional 2,953 shares in the last quarter. Institutional investors and hedge funds own 29.37% 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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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Analyst Recommendations for Walmart (NYSE:WMT)

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