BMO Capital Markets Reiterates $110.00 Price Target for Walmart (WMT)

BMO Capital Markets set a $110.00 price objective on Walmart (NYSE:WMT) in a research report sent to investors on Sunday morning. The firm currently has a buy rating on the retailer’s stock.

A number of other equities research analysts also recently commented on WMT. Stifel Nicolaus restated a neutral rating and issued a $95.00 price objective on shares of Walmart in a research report on Friday, August 17th. Barclays restated a buy rating and issued a $110.00 price objective on shares of Walmart in a research report on Tuesday, September 4th. Royal Bank of Canada set a $101.00 price objective on shares of Walmart and gave the company a neutral rating in a research report on Monday, September 3rd. Morningstar set a $90.00 price objective on shares of Walmart and gave the company a neutral rating in a research report on Tuesday, June 26th. Finally, JPMorgan Chase & Co. set a $103.00 price objective on shares of Walmart and gave the company a neutral rating in a research report on Thursday, September 13th. Nineteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $101.37.

Shares of WMT opened at $94.59 on Friday. Walmart has a fifty-two week low of $77.50 and a fifty-two week high of $109.98. The stock has a market cap of $281.19 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 3.34 and a beta of 0.51. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.93 and a quick ratio of 0.34.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 16th. The retailer reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.07. The business had revenue of $127.06 billion during the quarter, compared to the consensus estimate of $124.67 billion. Walmart had a net margin of 1.02% and a return on equity of 18.16%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.08 earnings per share. sell-side analysts anticipate that Walmart will post 4.8 EPS for the current year.

In other news, Director S Robson Walton sold 881,158 shares of Walmart stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $97.60, for a total transaction of $86,001,020.80. Following the completion of the sale, the director now directly owns 3,347,254 shares in the company, valued at approximately $326,691,990.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP M. Brett Biggs sold 18,421 shares of Walmart stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $96.14, for a total transaction of $1,770,994.94. Following the sale, the executive vice president now owns 185,557 shares of the company’s stock, valued at $17,839,449.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,590,876 shares of company stock valued at $634,531,965. Insiders own 51.11% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. State of New Jersey Common Pension Fund D grew its stake in Walmart by 127.3% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 1,339,000 shares of the retailer’s stock worth $119,131,000 after acquiring an additional 750,000 shares during the period. Tiverton Asset Management LLC purchased a new stake in Walmart in the 1st quarter worth approximately $1,966,000. Neuburgh Advisers LLC grew its stake in Walmart by 8.6% in the 1st quarter. Neuburgh Advisers LLC now owns 525,910 shares of the retailer’s stock worth $46,790,000 after acquiring an additional 41,844 shares during the period. Meridian Wealth Management LLC purchased a new stake in Walmart in the 1st quarter worth approximately $566,000. Finally, Riverhead Capital Management LLC grew its stake in Walmart by 13.6% in the 1st quarter. Riverhead Capital Management LLC now owns 353,521 shares of the retailer’s stock worth $31,453,000 after acquiring an additional 42,228 shares during the period. 29.30% of the stock is owned by institutional investors and hedge funds.

Walmart Company Profile

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.

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