Walmart (NYSE:WMT – Get Ratings) In a report issued on Friday, investment analysts at UBS Group lowered their price target to $168.00 from $170.00, Benzinga said. Brokers currently have a ‘buy’ rating on the retailer’s shares. UBS Group’s price target shows he could rise 17.26% from the company’s previous closing price.
Several other brokerage firms have also recently issued reports on WMT. Bank of America raised its price target on Walmart stock to $165.00 from $155.00, giving it a Buy rating in its Wednesday, November 16 report. Evercore ISI raised Walmart’s price target from $135.00 to $140.00, giving the company an “inline” rating in a report on Wednesday, November 16th. Goldman Sachs Group set a price target for Walmart at $160.00 in a report on Wednesday, November 16th. Jefferies Financial Group raised Walmart’s price target from $161.00 to $165.00, giving the company a ‘Buy’ rating in a report on Tuesday, Oct. 18. Finally, StockNews.com featured Walmart in his Wednesday Oct. 12 report. They gave the company a “strong buy” rating. One analyst gave a sell rating, nine gave a hold rating, 18 gave a buy rating, and one issued a strong buy rating to the company’s shares. According to MarketBeat data, the stock currently has an average rating of “moderate buy” and a consensus target price of $160.52.
Walmart shares fell 0.3%
Friday’s NYSE WMT opened at $143.27. His 50-day moving average price for this business is $145.94 and his 200-day moving average price is $136.17. The stock has a market capitalization of $386.37 billion, a PE ratio of 44.22, a PEG ratio of 4.30 and a beta of 0.54. The company has a debt to equity ratio of 0.48, a current ratio of 0.86 and a quick ratio of 0.23. His 52-week low at Walmart is $117.27 and his 52-week high is $160.77.
Walmart (NYSE:WMT – Get Rating) last reported quarterly results on Tuesday, Nov. 15. The retailer posted his earnings per share (EPS) of $1.50 for the quarter, $0.18 above consensus expectations of $1.32. The company posted $152.8 billion in revenue for the quarter, compared to consensus expectations of $146.8 billion. Walmart’s net profit margin was 1.49% and return on equity was 19.54%. The company’s revenue for the quarter increased by 8.8% compared to the same quarter last year. In the year-ago quarter, the company earned $1.45 per share. Equity analysts expect Walmart to post his 6.08 earnings per share this fiscal year.
Walmart has declared that the company’s board of directors has approved a stock buyback plan that will allow it to buy back $20 billion of outstanding shares on Tuesday, Nov. 15. You can buy up to 5% stake through Stock buyback plans often indicate that a company’s board believes its stock is undervalued.
Insider activity at Walmart
In related news, EVP John R. Farner sold 4,375 shares of the company in a transaction on Thursday, October 27th. The shares were sold at an average price of $140.94, giving him a total of $616,612.50. After the transaction, the Executive Vice President now owns 263,809 shares in the company, valued at approximately $37,181,240.46. The sale was disclosed in legal filings with the SEC available at this hyperlink. In related news, EVP John R. Farner sold 4,375 shares of the company in a transaction on Thursday, October 27th. The shares were sold at an average price of $140.94 for a total of $616,612.50. After the transaction, the Executive Vice President now owns 263,809 shares in the company, valued at approximately $37,181,240.46. The sale was disclosed in legal filings with the SEC available at this hyperlink. Also, CEO C Douglas Mcmillon sold 9,708 shares of the company in a transaction on Thursday, October 27th. The shares sold for an average of $141.18, with a total transaction value of $1,370,575.44 for him. Following the closing of the transaction, the CEO now directly owns 1,478,337 shares of the company’s stock valued at approximately $28,711,617.66. Please see here for the disclosure of this sale. In the last quarter, the insider sold 8,831,902 shares of his company stock worth $1,312,822,421. 47.06% of the shares are owned by corporate insiders.
Walmart Institutional Trading
Institutional investors and hedge funds have recently changed their stake in the business. Bellwether Advisors LLC increased his Walmart stock position by 112.0% in the third quarter. Bellwether Advisors LLC now owns 212 shares of the retailer worth $27,000 after purchasing another 112 shares during the previous quarter. Swaine & Leidel Wealth Services LLC purchased approximately $28,000 worth of new positions at Walmart in the first quarter. WD Rutherford LLC bought new Walmart shares worth about $29,000 in the second quarter. Lipe & Dalton bought about $29,000 worth of new Walmart stock in the third quarter. Finally, Piscataqua Savings Bank increased his Walmart stake by 60.6% in the second quarter. Piscataqua Savings Bank now owns 265 shares of the retailer’s stock worth $32,000 after purchasing another 100 shares during the previous quarter. 31.27% of the shares are owned by hedge funds and other institutional investors.
Walmart company profile
(get rating)
Walmart Inc is engaged in retail, wholesale and other divisional operations around the world. The company operates through his three segments: Walmart US, Walmart International and Sam’s Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores and discount stores. Membership warehouse club. e-commerce websites such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, samsclub.com; and mobile commerce applications.
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