Walmart’s (WMT) “Buy” Rating Reaffirmed at Guggenheim

Guggenheim reiterated their buy rating on shares of Walmart (NYSE:WMT) in a research note published on Thursday morning, The Fly reports. They currently have a $135.00 target price on the retailer’s stock, up from their previous target price of $125.00.

Other equities analysts have also recently issued research reports about the stock. Bank of America reiterated a buy rating and set a $135.00 price target (up previously from $120.00) on shares of Walmart in a research report on Friday, August 16th. Citigroup reiterated a buy rating and set a $135.00 price target (up previously from $129.00) on shares of Walmart in a research report on Wednesday, September 18th. Buckingham Research set a $109.00 price target on shares of Walmart and gave the company a hold rating in a research report on Friday, August 16th. Raymond James boosted their price target on shares of Walmart from $110.00 to $120.00 and gave the company an outperform rating in a research report on Friday, August 16th. Finally, Gordon Haskett upgraded shares of Walmart from an accumulate rating to a buy rating and boosted their price target for the company from $115.00 to $125.00 in a research report on Thursday, August 15th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seventeen have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $122.17.

Shares of WMT stock traded up $1.65 during mid-day trading on Thursday, reaching $120.52. The stock had a trading volume of 339,040 shares, compared to its average volume of 5,033,711. The stock’s 50-day moving average price is $118.79 and its two-hundred day moving average price is $111.76. Walmart has a 52-week low of $85.78 and a 52-week high of $125.38. The firm has a market capitalization of $343.16 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 5.17 and a beta of 0.39. The company has a current ratio of 0.81, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, November 14th. The retailer reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.07. Walmart had a net margin of 2.77% and a return on equity of 18.47%. The firm had revenue of $126.98 billion for the quarter, compared to analysts’ expectations of $128.08 billion. During the same quarter in the previous year, the company earned $1.08 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that Walmart will post 4.96 earnings per share for the current year.

In other Walmart news, SVP David Chojnowski sold 3,680 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $115.38, for a total value of $424,598.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 50.22% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Aldebaran Financial Inc. lifted its position in Walmart by 1.1% during the third quarter. Aldebaran Financial Inc. now owns 7,659 shares of the retailer’s stock valued at $903,000 after purchasing an additional 86 shares during the period. Duncker Streett & Co. Inc. grew its stake in Walmart by 0.5% during the third quarter. Duncker Streett & Co. Inc. now owns 16,943 shares of the retailer’s stock valued at $2,011,000 after acquiring an additional 91 shares in the last quarter. Lincoln Capital LLC lifted its holdings in shares of Walmart by 1.5% in the 2nd quarter. Lincoln Capital LLC now owns 6,546 shares of the retailer’s stock worth $723,000 after acquiring an additional 94 shares during the last quarter. First National Bank of Hutchinson lifted its holdings in shares of Walmart by 1.5% in the 2nd quarter. First National Bank of Hutchinson now owns 6,598 shares of the retailer’s stock worth $740,000 after acquiring an additional 96 shares during the last quarter. Finally, Savant Capital LLC lifted its holdings in shares of Walmart by 0.6% in the 2nd quarter. Savant Capital LLC now owns 17,409 shares of the retailer’s stock worth $1,924,000 after acquiring an additional 97 shares during the last quarter. Institutional investors and hedge funds own 30.32% 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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