Walmart (NYSE:WMT) Price Target Increased to $132.00 by Analysts at Telsey Advisory Group

Walmart (NYSE:WMT) had its target price increased by Telsey Advisory Group from $130.00 to $132.00 in a research note issued to investors on Friday morning, Briefing.com Automated Import reports. They currently have an outperform rating on the retailer’s stock.

A number of other equities analysts also recently weighed in on WMT. Citigroup restated a buy rating and issued a $135.00 target price (up previously from $129.00) on shares of Walmart in a research note on Wednesday, September 18th. BMO Capital Markets boosted their target price on Walmart from $125.00 to $140.00 and gave the stock an outperform rating in a research note on Friday. They noted that the move was a valuation call. UBS Group set a $115.00 target price on Walmart and gave the stock a hold rating in a research note on Friday, August 16th. Guggenheim restated a buy rating and issued a $135.00 target price (up previously from $125.00) on shares of Walmart in a research note on Thursday. Finally, ValuEngine downgraded Walmart from a buy rating to a hold rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have given a buy rating to the stock. Walmart has an average rating of Buy and an average target price of $121.99.

Shares of NYSE WMT traded down $1.78 during midday trading on Friday, reaching $118.87. The company’s stock had a trading volume of 9,531,474 shares, compared to its average volume of 4,106,183. Walmart has a 12-month low of $85.78 and a 12-month high of $125.38. The firm has a 50 day moving average price of $118.79 and a 200-day moving average price of $111.76. The stock has a market capitalization of $344.10 billion, a P/E ratio of 24.21, a PEG ratio of 5.19 and a beta of 0.39. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.76 and a quick ratio of 0.21.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, November 14th. The retailer reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.07. Walmart had a return on equity of 18.23% and a net margin of 2.48%. The firm had revenue of $126.98 billion for the quarter, compared to the consensus estimate of $128.08 billion. During the same quarter in the previous year, the business earned $1.08 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts predict that Walmart will post 4.93 EPS for the current year.

In other Walmart news, SVP David Chojnowski sold 3,680 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total transaction of $424,598.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John R. Furner sold 7,900 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $114.72, for a total transaction of $906,288.00. The disclosure for this sale can be found here. Insiders own 51.11% of the company’s stock.

A number of hedge funds have recently modified their holdings of WMT. Nuveen Asset Management LLC raised its holdings 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 valued at $1,143,946,000 after acquiring an additional 10,123,600 shares during the period. Renaissance Technologies LLC raised its holdings in Walmart by 184.2% during the 2nd quarter. Renaissance Technologies LLC now owns 4,653,682 shares of the retailer’s stock valued at $514,185,000 after acquiring an additional 3,015,931 shares during the period. Thoroughbred Financial Services LLC raised its holdings 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 valued at $244,438,000 after acquiring an additional 2,423,276 shares during the period. Amundi Pioneer Asset Management Inc. raised its holdings 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 valued at $782,423,000 after acquiring an additional 1,463,052 shares during the period. Finally, Railway Pension Investments Ltd bought a new stake in Walmart during the 2nd quarter valued at $13,798,000. 30.13% of the stock is currently 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, shoes.com, and samsclub.com; and mobile commerce applications.

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Analyst Recommendations for Walmart (NYSE:WMT)

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