Walmart (NYSE:WMT) Earns “Buy” Rating from Roth Mkm

Walmart (NYSE:WMT)‘s stock had its “buy” rating reiterated by research analysts at Roth Mkm in a report released on Friday,Benzinga reports. They currently have a $108.00 target price on the retailer’s stock, up from their previous target price of $97.00. Roth Mkm’s target price would indicate a potential upside of 13.25% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Stifel Nicolaus increased their price objective on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Guggenheim raised their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Evercore ISI upped their price target on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. Finally, Bank of America boosted their price target on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.40.

Walmart Stock Performance

NYSE WMT traded down $1.85 on Friday, hitting $95.36. 11,532,515 shares of the company’s stock traded hands, compared to its average volume of 16,205,063. The firm’s 50-day moving average price is $95.62 and its two-hundred day moving average price is $86.25. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart has a 1-year low of $57.77 and a 1-year high of $105.30. The firm has a market capitalization of $766.08 billion, a PE ratio of 39.21, a P/E/G ratio of 4.40 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.78% and a net margin of 2.92%. The company had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. As a group, analysts expect that Walmart will post 2.48 EPS for the current year.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the sale, the executive vice president now owns 423,597 shares in the company, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, with a total value of $499,997.26. Following the transaction, the director now directly owns 7,805 shares in the company, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 176,777 shares of company stock valued at $16,570,112 in the last 90 days. Company insiders own 45.58% of the company’s stock.

Institutional Investors Weigh In On Walmart

A number of institutional investors have recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the fourth quarter worth $25,000. Horizon Financial Services LLC increased its holdings in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart during the 4th quarter worth approximately $27,000. Peterson Financial Group Inc. purchased a new position in Walmart during the third quarter worth $26,000. Finally, Decker Retirement Planning Inc. bought a new stake in Walmart in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

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.