Jefferies Financial Group Issues Positive Forecast for Walmart (NYSE:WMT) Stock Price

Walmart (NYSE:WMT) had its target price increased by Jefferies Financial Group from $90.00 to $100.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the retailer’s stock.

Several other equities research analysts also recently issued reports on the stock. Bank of America increased their price objective on shares of Walmart from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Morgan Stanley increased their price objective on shares of Walmart from $82.00 to $89.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. increased their target price on shares of Walmart from $81.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Barclays increased their target price on shares of Walmart from $66.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 16th. Finally, The Goldman Sachs Group increased their target price on shares of Walmart from $73.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, August 16th. One analyst has rated the stock with a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Walmart has an average rating of “Buy” and a consensus price target of $86.71.

Walmart Stock Down 0.2 %

Shares of WMT stock opened at $84.09 on Friday. The firm has a fifty day moving average of $81.43 and a 200-day moving average of $73.15. The company has a quick ratio of 0.22, a current ratio of 0.80 and a debt-to-equity ratio of 0.46. Walmart has a 12-month low of $49.85 and a 12-month high of $85.79. The company has a market capitalization of $675.94 billion, a price-to-earnings ratio of 43.72, a P/E/G ratio of 4.20 and a beta of 0.51.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $82.12, for a total transaction of $246,360.00. Following the transaction, the executive vice president now directly owns 378,165 shares of the company’s stock, valued at approximately $31,054,909.80. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $82.96, for a total transaction of $1,088,850.00. Following the completion of the transaction, the executive vice president now directly owns 593,040 shares in the company, valued at approximately $49,198,598.40. This represents a 2.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,337,337 shares of company stock valued at $958,823,647. 45.58% of the stock is owned by company insiders.

Hedge Funds Weigh In On Walmart

Several hedge funds have recently bought and sold shares of the company. Soltis Investment Advisors LLC increased its holdings in Walmart by 31.9% in the 3rd quarter. Soltis Investment Advisors LLC now owns 11,716 shares of the retailer’s stock valued at $946,000 after buying an additional 2,831 shares during the period. Toronto Dominion Bank grew its holdings in shares of Walmart by 3.1% during the 3rd quarter. Toronto Dominion Bank now owns 2,337,363 shares of the retailer’s stock valued at $188,742,000 after purchasing an additional 71,075 shares during the last quarter. Strait & Sound Wealth Management LLC grew its holdings in shares of Walmart by 6.1% during the 3rd quarter. Strait & Sound Wealth Management LLC now owns 18,651 shares of the retailer’s stock valued at $1,506,000 after purchasing an additional 1,068 shares during the last quarter. Synergy Financial Group LTD bought a new stake in shares of Walmart during the 3rd quarter valued at approximately $266,000. Finally, RB Capital Management LLC grew its holdings in shares of Walmart by 1.1% during the 3rd quarter. RB Capital Management LLC now owns 34,053 shares of the retailer’s stock valued at $2,750,000 after purchasing an additional 364 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce 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, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.