Bank of America set a $120.00 target price on Walmart (NYSE:WMT) in a report published on Friday morning, Stock Target Advisor reports. The brokerage currently has a buy rating on the retailer’s stock.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Walmart from a buy rating to a hold rating in a report on Friday. Deutsche Bank lifted their price objective on shares of Walmart from $118.00 to $120.00 and gave the stock a buy rating in a report on Friday. UBS Group lifted their price objective on shares of Walmart from $105.00 to $107.00 and gave the stock a neutral rating in a report on Friday. Gordon Haskett raised shares of Walmart from a hold rating to an accumulate rating and set a $115.00 price objective for the company in a report on Friday. Finally, Wolfe Research downgraded shares of Walmart from a peer perform rating to an underperform rating in a report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and eighteen have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $107.13.

NYSE WMT opened at $101.52 on Friday. Walmart has a 52-week low of $81.78 and a 52-week high of $106.21. The company has a quick ratio of 0.23, a current ratio of 0.77 and a debt-to-equity ratio of 0.89. The firm has a market cap of $298.79 billion, a PE ratio of 20.68, a P/E/G ratio of 4.62 and a beta of 0.36.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.11. Walmart had a net margin of 1.62% and a return on equity of 18.66%. The company had revenue of $122.95 billion during the quarter, compared to the consensus estimate of $124.51 billion. During the same period in the previous year, the firm posted $1.14 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. On average, equities analysts expect that Walmart will post 4.79 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 10th will be given a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Thursday, May 9th. Walmart’s payout ratio is 43.18%.

In other Walmart news, major shareholder Alice L. Walton sold 1,855,869 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $99.56, for a total value of $184,770,317.64. Following the transaction, the insider now owns 15,557,224 shares in the company, valued at $1,548,877,221.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director S Robson Walton sold 1,139,696 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $99.72, for a total transaction of $113,650,485.12. The disclosure for this sale can be found here. Insiders sold 14,255,221 shares of company stock worth $1,407,521,976 in the last 90 days. Corporate insiders own 51.11% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc increased its position in shares of Walmart by 0.9% during the third quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock valued at $11,761,729,000 after buying an additional 1,110,593 shares during the period. Ipswich Investment Management Co. Inc. purchased a new position in shares of Walmart during the fourth quarter valued at about $26,000. Stokes Capital Advisors LLC increased its position in shares of Walmart by 10.4% during the fourth quarter. Stokes Capital Advisors LLC now owns 24,954 shares of the retailer’s stock valued at $2,324,000 after buying an additional 2,345 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Walmart by 90.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 109,059 shares of the retailer’s stock valued at $10,158,000 after buying an additional 51,764 shares during the period. Finally, Aries Wealth Management increased its position in shares of Walmart by 1.9% during the fourth quarter. Aries Wealth Management now owns 8,669 shares of the retailer’s stock valued at $808,000 after buying an additional 160 shares during the period. Hedge funds and other institutional investors own 28.96% 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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