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.
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.
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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