Barclays Reaffirms “Buy” Rating for Walmart (WMT)

Barclays reiterated their buy rating on shares of Walmart (NYSE:WMT) in a report released on Tuesday. They currently have a $110.00 price target on the retailer’s stock.

Other research analysts also recently issued reports about the company. Robert W. Baird boosted their price objective on Walmart to $110.00 and gave the company an outperform rating in a research note on Thursday, August 16th. Oppenheimer reissued a neutral rating and issued a $100.00 price objective on shares of Walmart in a research note on Thursday, August 16th. BMO Capital Markets assumed coverage on Walmart in a research note on Monday, September 17th. They issued an outperform rating and a $110.00 price objective on the stock. Zacks Investment Research raised Walmart from a sell rating to a hold rating in a research note on Wednesday, August 15th. Finally, Stifel Nicolaus reaffirmed a neutral rating and issued a $95.00 target price on shares of Walmart in a research report on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $104.04.

Shares of NYSE:WMT opened at $94.77 on Tuesday. The stock has a market capitalization of $283.83 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 3.91 and a beta of 0.32. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.22 and a current ratio of 0.81. Walmart has a 1 year low of $81.78 and a 1 year high of $109.98.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, November 15th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. The company had revenue of $124.89 billion for the quarter, compared to the consensus estimate of $124.86 billion. Walmart had a return on equity of 18.36% and a net margin of 1.01%. On average, equities research analysts forecast that Walmart will post 4.81 EPS for the current fiscal year.

In other Walmart news, major shareholder Alice L. Walton sold 387,000 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $98.70, for a total transaction of $38,196,900.00. Following the completion of the sale, the insider now directly owns 6,748,580 shares of the company’s stock, valued at approximately $666,084,846. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John R. Furner sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $97.34, for a total value of $389,360.00. The disclosure for this sale can be found here. Insiders have sold a total of 12,891,107 shares of company stock valued at $1,236,447,886 over the last three months. Corporate insiders own 51.11% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in WMT. Ferguson Wellman Capital Management Inc. purchased a new position in Walmart in the second quarter valued at approximately $1,761,000. Bridgewater Associates LP purchased a new position in Walmart in the second quarter valued at approximately $14,408,000. Sound Income Strategies LLC lifted its stake in Walmart by 31.2% in the third quarter. Sound Income Strategies LLC now owns 16,091 shares of the retailer’s stock valued at $1,511,000 after purchasing an additional 3,825 shares during the last quarter. Charles Schwab Investment Advisory Inc. purchased a new position in Walmart in the second quarter valued at approximately $265,661,000. Finally, Capital Wealth Planning LLC lifted its stake in Walmart by 40.2% in the second quarter. Capital Wealth Planning LLC now owns 33,038 shares of the retailer’s stock valued at $2,831,000 after purchasing an additional 9,475 shares during the last quarter. 29.18% of the stock is owned by institutional investors.

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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated commerce applications.

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Analyst Recommendations for Walmart (NYSE:WMT)

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