Citigroup restated their buy rating on shares of Walmart (NYSE:WMT) in a report issued on Wednesday, AnalystRatings.com reports. The firm currently has a $135.00 price target on the retailer’s stock, up from their previous price target of $129.00.
Several other research analysts have also commented on WMT. Loop Capital increased their price target on shares of Walmart to $115.00 and gave the stock a hold rating in a research note on Tuesday, July 23rd. Jefferies Financial Group raised their target price on shares of Walmart from $117.00 to $120.00 and gave the company a buy rating in a research note on Monday, June 10th. UBS Group set a $115.00 target price on shares of Walmart and gave the company a hold rating in a research note on Friday, August 16th. Guggenheim reiterated a buy rating and issued a $125.00 target price on shares of Walmart in a research note on Thursday, August 15th. Finally, Credit Suisse Group set a $105.00 target price on shares of Walmart and gave the company a hold rating in a research note on Thursday, August 15th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eighteen have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $115.76.
Shares of WMT opened at $116.98 on Wednesday. The company’s fifty day moving average is $112.53 and its 200-day moving average is $106.48. Walmart has a 12 month low of $85.78 and a 12 month high of $118.19. The firm has a market cap of $333.24 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 5.04 and a beta of 0.39. The company has a quick ratio of 0.21, a current ratio of 0.76 and a debt-to-equity ratio of 0.83.
In other Walmart news, insider John R. Furner sold 7,900 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $114.72, for a total value of $906,288.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Daniel J. Bartlett sold 3,000 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $109.14, for a total transaction of $327,420.00. Following the completion of the sale, 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 a total of 14,580 shares of company stock worth $1,658,306 over the last 90 days. Company insiders own 51.11% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Krane Funds Advisors LLC bought a new position in shares of Walmart during the 2nd quarter worth about $26,000. AllSquare Wealth Management LLC lifted its holdings in Walmart by 235.3% during the 2nd quarter. AllSquare Wealth Management LLC now owns 285 shares of the retailer’s stock valued at $31,000 after purchasing an additional 200 shares during the last quarter. C J Advisory Inc bought a new position in Walmart during the 1st quarter valued at about $29,000. Mcmillion Capital Management Inc. bought a new position in Walmart during the 2nd quarter valued at about $34,000. Finally, Litman Gregory Asset Management LLC bought a new position in Walmart during the 2nd quarter valued at about $37,000. 30.11% of the stock is owned by 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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