Walmart (NYSE:WMT) has been given a $120.00 target price by Bank of America in a note issued to investors on Friday, TipRanks reports. The firm currently has a “buy” rating on the retailer’s stock. Bank of America‘s price objective suggests a potential upside of 18.98% from the stock’s current price.
A number of other brokerages have also recently weighed in on WMT. DZ Bank reaffirmed a “neutral” rating on shares of Walmart in a research note on Tuesday, February 19th. Guggenheim reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Walmart in a research note on Tuesday, February 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $108.00 price objective on shares of Walmart in a research note on Wednesday, February 20th. Barclays reaffirmed a “buy” rating and issued a $113.00 price objective on shares of Walmart in a research note on Wednesday, February 20th. Finally, KeyCorp lifted their price objective on Walmart from $112.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, February 20th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eighteen have issued a buy rating to the company’s stock. Walmart presently has an average rating of “Hold” and a consensus price target of $107.13.
Shares of NYSE WMT traded down $0.45 during trading on Friday, reaching $100.86. The stock had a trading volume of 9,263,265 shares, compared to its average volume of 7,104,785. Walmart has a fifty-two week low of $81.78 and a fifty-two week high of $106.21. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $297.01 billion, a PE ratio of 20.54, a PEG ratio of 4.59 and a beta of 0.36.
In other Walmart news, EVP Judith J. Mckenna sold 4,243 shares of Walmart stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $100.19, for a total transaction of $425,106.17. Following the completion of the sale, the executive vice president now directly owns 225,373 shares of the company’s stock, valued at approximately $22,580,120.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John R. Furner sold 10,000 shares of Walmart stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $101.82, for a total value of $1,018,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,255,221 shares of company stock valued at $1,407,521,976. 51.11% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Clarfeld Financial Advisors LLC purchased a new stake in shares of Walmart in the 4th quarter valued at about $25,000. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Walmart in the 4th quarter valued at about $26,000. Ironwood Financial llc purchased a new stake in shares of Walmart in the 4th quarter valued at about $26,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of Walmart in the 4th quarter valued at about $28,000. Finally, C J Advisory Inc purchased a new stake in shares of Walmart in the 1st quarter valued at about $29,000. 28.96% 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.
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