Walmart (WMT) PT Set at $103.00 by Credit Suisse Group
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.
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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