Telsey Advisory Group restated their outperform rating on shares of Walmart (NYSE:WMT) in a research note released on Friday morning, Briefing.com Automated Import reports. Telsey Advisory Group currently has a $125.00 price objective on the retailer’s stock, up from their previous price objective of $118.00.
WMT has been the topic of several other reports. Loop Capital lifted their price target on Walmart to $115.00 and gave the company a hold rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. set a $115.00 price target on Walmart and gave the company a neutral rating in a research report on Friday. Royal Bank of Canada set a $112.00 price target on Walmart and gave the company a neutral rating in a research report on Thursday. Sanford C. Bernstein upgraded Walmart from a market perform rating to an outperform rating and set a $101.80 price target on the stock in a research report on Thursday, May 2nd. Finally, KeyCorp lifted their price target on Walmart from $120.00 to $125.00 and gave the company an overweight rating in a research report on Monday, June 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $113.28.
Shares of NYSE WMT opened at $112.99 on Friday. The company has a market cap of $321.70 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 4.91 and a beta of 0.41. Walmart has a 12-month low of $85.78 and a 12-month high of $115.49. 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 stock’s 50 day simple moving average is $111.36 and its 200 day simple moving average is $103.71.
In related news, major shareholder Jim C. Walton sold 1,014,826 shares of Walmart stock in a transaction on Friday, June 7th. The stock was sold at an average price of $105.33, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director S Robson Walton sold 1,322,329 shares of Walmart stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $102.04, for a total value of $134,930,451.16. Following the sale, the director now directly owns 3,347,511 shares of the company’s stock, valued at approximately $341,580,022.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,097,455 shares of company stock valued at $321,872,581. 51.11% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Clarfeld Financial Advisors LLC acquired a new stake in shares of Walmart in the fourth quarter worth about $25,000. Krane Funds Advisors LLC acquired a new stake in shares of Walmart in the second quarter worth about $26,000. C J Advisory Inc acquired a new stake in shares of Walmart in the first quarter worth about $29,000. AllSquare Wealth Management LLC lifted its position in shares of Walmart by 235.3% in the second quarter. AllSquare Wealth Management LLC now owns 285 shares of the retailer’s stock worth $31,000 after buying an additional 200 shares during the last quarter. Finally, Mcmillion Capital Management Inc. acquired a new stake in shares of Walmart in the second quarter worth about $34,000. 30.05% of the stock is owned by hedge funds and other institutional investors.
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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