Guggenheim reiterated their buy rating on shares of Walmart (NYSE:WMT) in a report issued on Thursday, November 14th, The Fly reports. They currently have a $135.00 price target on the retailer’s stock, up from their previous price target of $125.00.
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WMT has been the topic of several other reports. Royal Bank of Canada set a $112.00 price objective on Walmart and gave the company a neutral rating in a research note on Thursday, August 15th. Goldman Sachs Group set a $125.00 price target on Walmart and gave the stock a buy rating in a research report on Thursday, November 14th. Nomura initiated coverage on Walmart in a research report on Friday, November 8th. They set a buy rating and a $132.00 price target on the stock. Morgan Stanley boosted their price target on Walmart from $115.00 to $125.00 and gave the stock an overweight rating in a research report on Thursday, September 5th. Finally, Citigroup reissued a buy rating and set a $135.00 price target (up from $129.00) on shares of Walmart in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seventeen have given a buy rating to the stock. Walmart currently has a consensus rating of Buy and a consensus price target of $123.92.
WMT traded down $0.80 during midday trading on Thursday, hitting $118.56. The company’s stock had a trading volume of 2,305,485 shares, compared to its average volume of 5,650,690. The company has a current ratio of 0.81, a quick ratio of 0.20 and a debt-to-equity ratio of 0.83. The firm has a market cap of $340.92 billion, a P/E ratio of 24.15, a PEG ratio of 4.87 and a beta of 0.39. The firm has a 50-day moving average price of $118.97 and a two-hundred day moving average price of $112.38. Walmart has a 52-week low of $85.78 and a 52-week high of $125.38.
Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, November 14th. The retailer reported $1.16 EPS for the quarter, beating the consensus estimate of $1.09 by $0.07. The company had revenue of $126.98 billion during the quarter, compared to analysts’ expectations of $128.08 billion. Walmart had a return on equity of 18.47% and a net margin of 2.77%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.08 EPS. On average, equities analysts expect that Walmart will post 4.97 EPS for the current year.
In related news, SVP David Chojnowski sold 3,680 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $115.38, for a total transaction of $424,598.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Judith J. Mckenna sold 8,300 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $119.21, for a total value of $989,443.00. Following the transaction, the executive vice president now owns 216,811 shares of the company’s stock, valued at $25,846,039.31. The disclosure for this sale can be found here. 51.11% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of WMT. Nuveen Asset Management LLC grew its stake in Walmart by 4,405.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 10,353,388 shares of the retailer’s stock worth $1,143,946,000 after buying an additional 10,123,600 shares during the last quarter. Renaissance Technologies LLC grew its stake in Walmart by 184.2% during the 2nd quarter. Renaissance Technologies LLC now owns 4,653,682 shares of the retailer’s stock worth $514,185,000 after buying an additional 3,015,931 shares during the last quarter. Thoroughbred Financial Services LLC grew its stake in Walmart by 11,482.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 2,444,380 shares of the retailer’s stock worth $244,438,000 after buying an additional 2,423,276 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in Walmart by 43.2% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 4,850,274 shares of the retailer’s stock worth $782,423,000 after acquiring an additional 1,463,052 shares during the period. Finally, Railway Pension Investments Ltd acquired a new position in Walmart during the 2nd quarter worth $13,798,000. Hedge funds and other institutional investors own 30.32% of the company’s stock.
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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