Walmart (NYSE:WMT) had its price objective raised by Jefferies Financial Group from $117.00 to $120.00 in a report published on Monday morning, The Fly reports. Jefferies Financial Group currently has a buy rating on the retailer’s stock.

A number of other equities research analysts also recently commented on the company. Sanford C. Bernstein raised Walmart from a market perform rating to an outperform rating and set a $101.80 target price for the company in a report on Thursday, May 2nd. Citigroup lifted their target price on Walmart from $116.00 to $120.00 and gave the stock a buy rating in a report on Thursday, February 21st. Wolfe Research downgraded Walmart from a peer perform rating to an underperform rating in a report on Wednesday, May 8th. Morgan Stanley set a $113.00 target price on Walmart and gave the stock an overweight rating in a report on Wednesday, February 20th. Finally, KeyCorp lifted their target price on Walmart from $112.00 to $120.00 and gave the stock an overweight rating in a report on Wednesday, February 20th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nineteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $108.26.

Shares of NYSE WMT opened at $108.82 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.77 and a quick ratio of 0.21. The stock has a market capitalization of $304.09 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 4.65 and a beta of 0.36. Walmart has a fifty-two week low of $82.37 and a fifty-two week high of $108.97.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, May 16th. The retailer reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.11. The business had revenue of $122.95 billion during the quarter, compared to the consensus estimate of $124.51 billion. Walmart had a return on equity of 18.66% and a net margin of 1.62%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $1.14 earnings per share. On average, equities analysts anticipate that Walmart will post 4.82 earnings per share for the current year.

In other news, insider Gregory S. Foran sold 74,019 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $100.00, for a total value of $7,401,900.00. Following the completion of the sale, the insider now directly owns 362,861 shares in the company, valued at $36,286,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Jim C. Walton sold 1,014,826 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,843,494,086.40. The disclosure for this sale can be found here. Insiders sold 11,674,015 shares of company stock valued at $1,172,639,093 over the last three months. 50.22% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. 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 worth $11,761,729,000 after purchasing an additional 1,110,593 shares in the last quarter. Wambolt & Associates LLC purchased a new stake in shares of Walmart during the fourth quarter worth approximately $480,000. Royal London Asset Management Ltd. increased its position in shares of Walmart by 6.0% during the fourth quarter. Royal London Asset Management Ltd. now owns 604,641 shares of the retailer’s stock worth $55,706,000 after purchasing an additional 34,220 shares in the last quarter. Wagner Bowman Management Corp increased its position in shares of Walmart by 1.1% during the fourth quarter. Wagner Bowman Management Corp now owns 12,200 shares of the retailer’s stock worth $1,136,000 after purchasing an additional 130 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its stake in Walmart by 4.1% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 5,035 shares of the retailer’s stock worth $469,000 after buying an additional 199 shares during the last quarter. Institutional investors and hedge funds own 29.79% 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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