Goldman Sachs Group set a $123.00 price target on Walmart (NYSE:WMT) in a report released on Thursday, AnalystRatings.com reports. The firm currently has a buy rating on the retailer’s stock.
Several other brokerages have also recently weighed in on WMT. KeyCorp boosted their target price on Walmart from $120.00 to $125.00 and gave the stock an overweight rating in a report on Monday, June 24th. Sanford C. Bernstein upgraded Walmart from a market perform rating to an outperform rating and set a $101.80 target price on the stock in a report on Thursday, May 2nd. Loop Capital boosted their target price on Walmart to $115.00 and gave the stock a hold rating in a report on Tuesday, July 23rd. Zacks Investment Research upgraded Walmart from a hold rating to a buy rating and set a $114.00 target price on the stock in a report on Wednesday, May 22nd. Finally, Daiwa Capital Markets upgraded Walmart from a neutral rating to an outperform rating in a report on Tuesday, May 21st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $113.28.
NYSE:WMT opened at $112.99 on Thursday. Walmart has a 12 month low of $85.78 and a 12 month high of $115.49. The stock has a 50 day moving average of $111.36 and a two-hundred day moving average of $103.71. The company has a current ratio of 0.76, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83. The firm has a market cap of $321.70 billion, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 4.91 and a beta of 0.41.
In related news, major shareholder Jim C. Walton sold 1,014,826 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $105.33, for a total value of $106,891,622.58. Following the transaction, the insider now directly owns 17,502,080 shares in the company, valued at $1,843,494,086.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel J. Bartlett sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $109.14, for a total value of $327,420.00. Following the completion of the transaction, the insider now owns 122,673 shares in the company, valued at $13,388,531.22. The disclosure for this sale can be found here. Insiders sold 3,097,455 shares of company stock worth $321,872,581 over the last quarter. 51.11% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Centric Wealth Management lifted its stake in Walmart by 6.6% during the second quarter. Centric Wealth Management now owns 5,224 shares of the retailer’s stock worth $577,000 after purchasing an additional 322 shares in the last quarter. Carroll Financial Associates Inc. lifted its stake in Walmart by 35.0% during the second quarter. Carroll Financial Associates Inc. now owns 14,406 shares of the retailer’s stock worth $1,591,000 after purchasing an additional 3,733 shares in the last quarter. CWM LLC lifted its stake in Walmart by 100.9% during the first quarter. CWM LLC now owns 99,577 shares of the retailer’s stock worth $9,712,000 after purchasing an additional 50,003 shares in the last quarter. Eads & Heald Wealth Management lifted its stake in Walmart by 22.2% during the first quarter. Eads & Heald Wealth Management now owns 19,378 shares of the retailer’s stock worth $1,890,000 after purchasing an additional 3,520 shares in the last quarter. Finally, Charter Trust Co. lifted its stake in Walmart by 0.7% during the second quarter. Charter Trust Co. now owns 44,957 shares of the retailer’s stock worth $4,967,000 after purchasing an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 30.05% of the company’s stock.
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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