Walmart (NYSE:WMT) Price Target Raised to $130.00 at UBS Group
Walmart (NYSE:WMT) had its price objective raised by equities researchers at UBS Group from $125.00 to $130.00 in a research report issued to clients and investors on Wednesday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the retailer’s stock. UBS Group’s price objective suggests a potential upside of 4.26% from the company’s previous close.
WMT has been the subject of several other research reports. Raymond James boosted their target price on shares of Walmart from $130.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday. Stifel Nicolaus boosted their target price on shares of Walmart from $115.00 to $117.00 and gave the company a “hold” rating in a research note on Wednesday, February 19th. Wolfe Research initiated coverage on shares of Walmart in a research note on Tuesday, March 31st. They issued an “outperform” rating for the company. Nomura Securities reissued a “buy” rating and issued a $131.00 target price on shares of Walmart in a research note on Monday, March 23rd. Finally, Gordon Haskett downgraded shares of Walmart from a “buy” rating to an “accumulate” rating and boosted their target price for the company from $130.00 to $140.00 in a research note on Wednesday, April 29th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-three have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $132.03.
Shares of NYSE:WMT traded down $0.30 during midday trading on Wednesday, hitting $124.69. 3,486,620 shares of the stock were exchanged, compared to its average volume of 9,624,241. The stock has a market cap of $354.18 billion, a P/E ratio of 23.63, a PEG ratio of 5.21 and a beta of 0.30. The company has a current ratio of 0.77, a quick ratio of 0.22 and a debt-to-equity ratio of 0.85. Walmart has a twelve month low of $100.60 and a twelve month high of $133.38. The company has a 50 day moving average price of $124.79 and a 200-day moving average price of $118.95.
In other Walmart news, EVP Marc E. Lore sold 85,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $123.05, for a total value of $10,459,250.00. Following the completion of the transaction, the executive vice president now owns 2,272,996 shares in the company, valued at approximately $279,692,157.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP M. Brett Biggs sold 16,205 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $114.39, for a total value of $1,853,689.95. Following the completion of the transaction, the executive vice president now owns 264,445 shares of the company’s stock, valued at approximately $30,249,863.55. The disclosure for this sale can be found here. In the last 90 days, insiders sold 321,205 shares of company stock valued at $39,041,990. 51.11% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WMT. Sofos Investments Inc. boosted its holdings in Walmart by 581.4% in the 1st quarter. Sofos Investments Inc. now owns 1,206 shares of the retailer’s stock worth $25,000 after acquiring an additional 1,029 shares during the period. Evolution Wealth Advisors LLC acquired a new position in shares of Walmart in the 4th quarter valued at approximately $26,000. Joseph P. Lucia & Associates LLC raised its position in shares of Walmart by 75.6% in the 1st quarter. Joseph P. Lucia & Associates LLC now owns 230 shares of the retailer’s stock valued at $26,000 after purchasing an additional 99 shares in the last quarter. Carolina Wealth Advisors LLC acquired a new position in shares of Walmart in the 4th quarter valued at approximately $27,000. Finally, AlphaMark Advisors LLC raised its position in shares of Walmart by 138.9% in the 4th quarter. AlphaMark Advisors LLC now owns 258 shares of the retailer’s stock valued at $31,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 30.28% 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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