Walmart (WMT) Rating Reiterated by Barclays

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Walmart (NYSE:WMT)‘s stock had its “buy” rating reaffirmed by Barclays in a research note issued on Wednesday. They currently have a $113.00 target price on the retailer’s stock. Barclays‘s price objective indicates a potential upside of 13.69% from the stock’s previous close.

WMT has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Walmart from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. Daiwa Capital Markets lowered shares of Walmart from an “outperform” rating to a “neutral” rating and set a $101.00 target price on the stock. in a research note on Tuesday, November 20th. Cowen upped their target price on shares of Walmart from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, October 29th. Buckingham Research began coverage on shares of Walmart in a research note on Thursday, February 7th. They issued a “neutral” rating and a $96.73 target price on the stock. Finally, Wells Fargo & Co restated a “neutral” rating and issued a $98.00 target price on shares of Walmart in a research note on Tuesday, November 20th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and seventeen have assigned a buy rating to the company. Walmart presently has a consensus rating of “Hold” and a consensus target price of $106.20.

Shares of Walmart stock opened at $99.39 on Wednesday. The stock has a market capitalization of $302.76 billion, a PE ratio of 20.24, a P/E/G ratio of 4.02 and a beta of 0.32. The company has a current ratio of 0.80, a quick ratio of 0.22 and a debt-to-equity ratio of 0.63. Walmart has a 1 year low of $81.78 and a 1 year high of $106.21.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, February 19th. The retailer reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.08. The business had revenue of $137.74 billion for the quarter, compared to analyst estimates of $137.63 billion. Walmart had a net margin of 1.30% and a return on equity of 18.60%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.33 EPS. Sell-side analysts forecast that Walmart will post 4.98 earnings per share for the current year.

In other Walmart news, major shareholder Alice L. Walton sold 500 shares of the company’s stock in a transaction dated Monday, December 17th. The shares were sold at an average price of $92.00, for a total value of $46,000.00. Following the completion of the transaction, the insider now owns 7,183,580 shares in the company, valued at approximately $660,889,360. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 387,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 6,748,580 shares of the company’s stock, valued at approximately $666,084,846. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,271,004 shares of company stock valued at $780,904,124. 51.11% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Walmart by 0.9% in the third quarter. Vanguard Group Inc. now owns 125,244,695 shares of the retailer’s stock valued at $11,761,729,000 after acquiring an additional 1,110,593 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of Walmart by 0.9% in the third quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock valued at $11,761,729,000 after acquiring an additional 1,110,593 shares in the last quarter. FMR LLC boosted its holdings in shares of Walmart by 1.2% in the third quarter. FMR LLC now owns 20,918,958 shares of the retailer’s stock valued at $1,964,498,000 after acquiring an additional 242,074 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Walmart by 9.2% in the fourth quarter. Geode Capital Management LLC now owns 18,148,619 shares of the retailer’s stock valued at $1,687,500,000 after acquiring an additional 1,532,362 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Walmart by 1.8% in the fourth quarter. Northern Trust Corp now owns 17,598,778 shares of the retailer’s stock valued at $1,639,326,000 after acquiring an additional 310,609 shares in the last quarter. Hedge funds and other institutional investors own 28.96% of the company’s stock.

About Walmart

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.

Further Reading: How to interpret the current ratio

Analyst Recommendations for Walmart (NYSE:WMT)

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