Goldman Sachs Group initiated coverage on shares of Walmart (NYSE:WMT) in a research report sent to investors on Thursday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $123.00 target price on the retailer’s stock.
WMT has been the subject of a number of other research reports. Evercore ISI assumed coverage on shares of Polarityte in a report on Wednesday, March 20th. They issued an outperform rating and a $26.00 target price for the company. Wolfe Research cut shares of Walmart from a peer perform rating to an underperform rating in a report on Wednesday, May 8th. Bank of America set a $120.00 price objective on Walmart and gave the company a buy rating in a research note on Friday, May 17th. KeyCorp reaffirmed a hold rating on shares of Westrock in a research note on Monday, June 24th. Finally, Sanford C. Bernstein raised Walmart from a market perform rating to an outperform rating and set a $101.80 price objective for the company in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $109.17.
WMT stock opened at $114.60 on Thursday. The company has a market capitalization of $325.21 billion, a PE ratio of 23.34, a P/E/G ratio of 4.98 and a beta of 0.41. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.77 and a quick ratio of 0.21. Walmart has a 12 month low of $85.78 and a 12 month high of $114.77. The business has a 50-day moving average of $108.20.
In other Walmart news, major shareholder Jim C. Walton sold 1,626,851 shares of the stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $101.08, for a total transaction of $164,442,099.08. Following the completion of the sale, the insider now owns 17,502,080 shares of the company’s stock, valued at approximately $1,769,110,246.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel J. Bartlett sold 3,000 shares of the stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $109.14, for a total transaction of $327,420.00. Following the sale, the insider now directly owns 122,673 shares of the company’s stock, valued at approximately $13,388,531.22. The disclosure for this sale can be found here. Insiders have sold a total of 5,559,285 shares of company stock valued at $571,021,654 in the last three months. Insiders own 51.11% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Clarfeld Financial Advisors LLC acquired a new stake in shares of Walmart during the 4th quarter worth approximately $25,000. C J Advisory Inc acquired a new stake in shares of Walmart during the 1st quarter worth approximately $29,000. Financial Gravity Wealth Inc. acquired a new stake in shares of Walmart during the 1st quarter worth approximately $35,000. WP Advisors LLC acquired a new stake in shares of Walmart during the 1st quarter worth approximately $37,000. Finally, Stone House Investment Management LLC bought a new position in shares of Walmart in the 1st quarter worth $38,000. 29.89% 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.
Further Reading: Fundamental Analysis and Individual Investors
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