Walmart (NYSE:WMT) has been assigned a $115.00 price target by stock analysts at JPMorgan Chase & Co. in a research report issued on Friday, Borsen Zeitung reports. The firm currently has a “hold” rating on the retailer’s stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 1.05% from the stock’s previous close.
WMT has been the topic of several other reports. Daiwa Capital Markets upgraded Walmart from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 21st. Guggenheim restated a “buy” rating and set a $125.00 price objective on shares of Walmart in a research note on Thursday. KeyCorp raised their price objective on Walmart from $120.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday, June 24th. Gordon Haskett upgraded Walmart from an “accumulate” rating to a “buy” rating and raised their price objective for the company from $115.00 to $125.00 in a research note on Thursday. Finally, UBS Group raised their price objective on Walmart from $105.00 to $107.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nineteen have given a buy rating to the company’s stock. Walmart presently has an average rating of “Buy” and a consensus price target of $114.51.
NYSE WMT traded up $0.82 during mid-day trading on Friday, hitting $113.81. The company’s stock had a trading volume of 7,154,004 shares, compared to its average volume of 6,250,745. The company’s 50 day simple moving average is $111.36 and its 200 day simple moving average is $103.71. Walmart has a twelve month low of $85.78 and a twelve month high of $115.49. The company has a current ratio of 0.76, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $321.70 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 4.91 and a beta of 0.41.
In related news, major shareholder Jim C. Walton sold 1,014,826 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $105.33, for a total value of $106,891,622.58. Following the completion of the sale, the insider now owns 17,502,080 shares in the company, valued at approximately $1,843,494,086.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director S Robson Walton sold 1,322,329 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $102.04, for a total value of $134,930,451.16. Following the completion of the sale, the director now owns 3,347,511 shares of the company’s stock, valued at approximately $341,580,022.44. The disclosure for this sale can be found here. Insiders have sold 3,097,455 shares of company stock valued at $321,872,581 in the last three months. 50.22% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Walmart by 0.7% during the second quarter. Vanguard Group Inc. now owns 130,107,288 shares of the retailer’s stock valued at $14,375,553,000 after acquiring an additional 920,813 shares in the last quarter. FMR LLC raised its holdings in shares of Walmart by 0.4% during the first quarter. FMR LLC now owns 24,068,619 shares of the retailer’s stock valued at $2,347,413,000 after acquiring an additional 90,683 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Walmart by 9.2% during 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. Price T Rowe Associates Inc. MD raised its holdings in shares of Walmart by 6.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 12,807,349 shares of the retailer’s stock valued at $1,415,084,000 after acquiring an additional 721,297 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Walmart by 3.3% during the second quarter. Bank of New York Mellon Corp now owns 11,771,790 shares of the retailer’s stock valued at $1,300,665,000 after acquiring an additional 373,683 shares in the last quarter. Institutional investors own 29.99% 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, shoes.com, and samsclub.com; and mobile commerce applications.
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