Citigroup Increases Walmart (WMT) Price Target to $116.00

Walmart (NYSE:WMT) had its price objective boosted by Citigroup from $113.00 to $116.00 in a research report sent to investors on Friday morning. They currently have a buy rating on the retailer’s stock.

Other analysts have also recently issued reports about the stock. Robert W. Baird upped their price target on shares of Walmart to $110.00 and gave the company an outperform rating in a report on Thursday, August 16th. Oppenheimer reaffirmed a neutral rating and issued a $100.00 price target on shares of Walmart in a report on Thursday, August 16th. BMO Capital Markets began coverage on shares of Walmart in a report on Monday, September 17th. They issued an outperform rating and a $110.00 price target on the stock. Zacks Investment Research raised shares of Walmart from a sell rating to a hold rating in a report on Wednesday, August 15th. Finally, Stifel Nicolaus reaffirmed a neutral rating and issued a $95.00 price target on shares of Walmart in a report on Friday, August 17th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $104.13.

NYSE WMT opened at $97.69 on Friday. Walmart has a 52 week low of $81.78 and a 52 week high of $109.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.34 and a current ratio of 0.81. The firm has a market cap of $289.40 billion, a PE ratio of 22.10, a PEG ratio of 4.04 and a beta of 0.35.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 15th. The retailer reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.06. The firm had revenue of $124.89 billion for the quarter, compared to analysts’ expectations of $124.86 billion. Walmart had a net margin of 1.01% and a return on equity of 18.36%. As a group, equities research analysts anticipate that Walmart will post 4.79 earnings per share for the current year.

In other Walmart news, Director S Robson Walton sold 1,276,062 shares of the stock in a transaction on Friday, August 24th. The shares were sold at an average price of $95.19, for a total transaction of $121,468,341.78. Following the sale, the director now directly owns 4,147,254 shares of the company’s stock, valued at $394,777,108.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Jim C. Walton sold 2,009,792 shares of the stock in a transaction on Friday, September 28th. The stock was sold at an average price of $94.63, for a total transaction of $190,186,616.96. Following the sale, the insider now directly owns 10,557,224 shares in the company, valued at $999,030,107.12. The disclosure for this sale can be found here. Insiders have sold 8,433,931 shares of company stock worth $803,955,004 over the last three months. 51.11% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. bought a new position in shares of Walmart during the second quarter worth about $1,761,000. Bridgewater Associates LP bought a new position in shares of Walmart during the second quarter worth about $14,408,000. Sound Income Strategies LLC grew its position in shares of Walmart by 31.2% during the third quarter. Sound Income Strategies LLC now owns 16,091 shares of the retailer’s stock worth $1,511,000 after acquiring an additional 3,825 shares during the last quarter. RB Capital Management LLC bought a new position in shares of Walmart during the second quarter worth about $271,000. Finally, Capital Wealth Planning LLC grew its position in shares of Walmart by 40.2% during the second quarter. Capital Wealth Planning LLC now owns 33,038 shares of the retailer’s stock worth $2,831,000 after acquiring an additional 9,475 shares during the last quarter. Institutional investors and hedge funds own 29.37% of the company’s stock.

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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