Gordon Haskett upgraded shares of Walmart (NYSE:WMT) from a hold rating to an accumulate rating in a report published on Friday morning, Benzinga reports. They currently have $115.00 price target on the retailer’s stock.
WMT has been the topic of several other research reports. Credit Suisse Group reissued a neutral rating and issued a $103.00 price target on shares of Walmart in a research report on Wednesday, February 20th. Morgan Stanley set a $113.00 price objective on shares of Walmart and gave the company an overweight rating in a research note on Wednesday, February 20th. BMO Capital Markets reaffirmed a buy rating and set a $115.00 price objective on shares of Walmart in a research note on Thursday, February 21st. Zacks Investment Research cut shares of Walmart from a buy rating to a hold rating in a research note on Saturday, January 19th. Finally, Bank of America set a $120.00 price objective on shares of Walmart and gave the company a buy rating in a research note on Wednesday, February 20th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and eighteen have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $107.13.
NYSE WMT opened at $101.52 on Friday. Walmart has a 12-month low of $81.78 and a 12-month high of $106.21. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.23 and a current ratio of 0.77. The company has a market capitalization of $298.79 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 4.62 and a beta of 0.36.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 10th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $2.12 dividend on an annualized basis and a yield of 2.09%. Walmart’s dividend payout ratio is presently 43.18%.
In other Walmart news, insider John R. Furner sold 10,427 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $101.81, for a total value of $1,061,572.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John R. Furner sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $101.82, for a total transaction of $1,018,200.00. The disclosure for this sale can be found here. In the last three months, insiders sold 14,255,221 shares of company stock valued at $1,407,521,976. Corporate insiders own 51.11% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc boosted its stake in shares of Walmart by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 125,244,695 shares of the retailer’s stock valued at $11,761,729,000 after purchasing an additional 1,110,593 shares in the last quarter. FMR LLC boosted its stake in shares of Walmart by 0.4% in the 1st quarter. FMR LLC now owns 24,068,619 shares of the retailer’s stock valued at $2,347,413,000 after purchasing an additional 90,683 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Walmart by 7.8% in the 1st quarter. Geode Capital Management LLC now owns 19,557,533 shares of the retailer’s stock valued at $1,904,041,000 after purchasing an additional 1,408,914 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Walmart by 0.3% in the 1st quarter. Northern Trust Corp now owns 17,655,254 shares of the retailer’s stock valued at $1,721,917,000 after purchasing an additional 56,476 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Walmart by 2,899.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,543,323 shares of the retailer’s stock valued at $156,000 after purchasing an additional 14,058,442 shares in the last quarter. 28.96% of the stock is owned by institutional investors and hedge funds.
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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